We use cookies to provide you with a better experience. If you continue to use this site, we'll assume you're happy with this. Alternatively, click here to find out how to manage these cookies

hide cookie message
RSS FeedPeople Management

BG Group CFO steps down to take up Latin American role

Fabio Barbosa appointed chairman of company's Latin American unit

Article comments

The CFO of BG Group Fabio Barbosa is to step down from his post in order to become chairman of the company’s Latin American unit, it was confirmed on Friday.

BG Group, which is the UK’s third largest oil and gas firm after Shell and BP, said financial Controller Den Jones will continue to serve as interim CFO until a successor is found. He was appointed a director of the company on Friday. The Reading, UK-based company announced last week that its fourth quarter profits, after one-off charges, fell by 29 percent to US$1.03 billion.

Apart from operations in Bolivia, Chile and Uruguay, BG Group has stake holdings in some of Brazil’s largest oilfields. Hence, the move is a natural fit for Brazilian native Barbosa.

In September 2012, he was granted a special leave of absence for medical treatment in Brazil. He was appointed CFO in March 2011. BG Group said that in his new role as chairman of Latin America, Barbosa will "provide senior counsel and advice" to regional teams at locations the company has operations in.

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


Recommended Articles


BG Group CFO steps down to take up Latin American role
People Management

Personal branding - A headhunter's perspective

Personal branding - A headhunter's perspective

'If you don't have honesty and integrity you will get found out'more ..

Aviva goes 'digital first' with new CDO appointment

Andrew Brem's chief digital officer appointment comes two months after Phil Pavitt left insurer to take up Global CIO role at Specsaversmore ..

Microsoft's former boss Steve Ballmer steps down

The former CEO cited a busy schedule, particularly involving his LA Clippers basketball team, for his resignationmore ..

Unemployment rate hits 6-year low

But wage growth plunges to 0.2% on a year agomore ..

The benefits of being a non-executive

Look for a non-executive when appointing peersmore ..

If you are still thinking about flexible working, it's too late

OPINION: Tips from an experienced chief security officer on how best to enable flexible workingmore ..

Send to a friend

Email this article to a friend or colleague:

PLEASE NOTE: Your name is used only to let the recipient know who sent the story, and in case of transmission error. Both your name and the recipient's name and address will not be used for any other purpose.

In Depth
Can finance rise to the challenge of major transformation?

Can finance rise to the challenge of major transformation?

Outdated finance processes, systems and competencies leave too many questions unanswered more ..

In Depth
Interim CFO or consultant? The pros and cons

Interim CFO or consultant? The pros and cons

Ed Harding offers an insight into the life of an interim CFO and the advantages in driving transformation more ..


* *