BG boss decides to quit

THE BOSS of oil and gas explorer BG has resigned after less than 18 months in the job.

Chris Finlayson cited personal reasons for his departure, which came three days before the company is due to present first-quarter figures.

BG’s shares have fallen in recent weeks after it slashed production targets due to continued problems in Egypt, where too much of its gas has been diverted into the domestic market instead of being exported.

Mr Finlayson took on the role from Sir Frank Chapman, who had been in charge since BG was created in 1997 when British Gas demerged into two separately listed companies.

BG said chair man Andrew Gould will take the helm on an interim basis as the firm begins the search for an external successor.

Mr Gould said the board remained fully committed to the group’s strategy based around a portfolio of “highquality” assets.