Barbosa steps down as BG's chief financial officer

Stepping down: Fabio Barbosa

BG Group’s chief financial officer, Fabio Barbosa, has stepped down from his current role and has instead been appointed chairman of BG South America.

BG announced on Friday that Barbosa had stepped down from the chief financial officer role and as an executive director of the company for personal reasons.

It added that he had also stepped down as a member of the company’s group executive committee and other committees.

"I would like to express on behalf of BG Group's board our sincere thanks to Fabio for all his excellent work as CFO over the last two years,” BG chairman, Andrew Gould said.

“His efforts in the execution of the portfolio rationalisation programme and in diversifying and broadening our funding options and sources have been instrumental in materially strengthening our balance sheet position, helping underpin investment in, and the delivery of, our key global growth opportunities.”

Barbosa will now take on the role of chairman of BG South America and be based  in Rio de Janeiro, Brazil.

His new role will see him provide senior counsel and advice to the BG teams in Bolivia, Chile, Uruguay, and Brazil.

BG said financial controller, Den Jones, would continue on as the company’s interim chief financial officer until the succession process for a new CFO was completed.

Jones has been carrying out the role since Barbosa took leave in September last year to undergo treatment for an undisclosed medical condition.

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