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30 June 2003 - BG Group is today announcing that Sir Richard Giordano, non-executive Chairman, intends to retire, and that Sir Robert Wilson is to be appointed his successor. Sir Richard will retire from the BG Board at the end of 2003, having been Chairman of BG and before that British Gas since 1994. Sir Robert's appointment will take effect on 1 January 2004.
Sir Robert Wilson is currently executive Chairman of Rio Tinto plc, and will continue in this position until the end of October this year. He joined BG Group as a non-executive Director in September 2002.
Speaking today, Sir Richard Giordano said, "At the end of December I will have served British Gas and successor companies for ten years and, as I will be 70 at my next birthday, I believe it is time to retire from BG Group. I have been delighted to help the old British Gas through two successful demergers, and I am pleased to be leaving BG in the very capable hands of Frank Chapman and his Executive team. I and the Board are delighted that Sir Robert Wilson, a highly experienced international industrialist with an outstanding track record, has agreed to take over the Chair from me."
Chief Executive Frank Chapman today said, "BG owes a debt of gratitude to Sir Richard Giordano, whose outstanding contribution to the Company is exemplified by the value unlocked through the Group's successive demergers of Centrica and Lattice. He leaves with our profound thanks and best wishes for his retirement. We are delighted to have someone of the quality of Sir Robert Wilson as our new Chairman, who brings a wealth of international business experience. The Board greatly looks forward to working with Sir Robert in his new role as we continue to grow and develop our business."
Commenting on his appointment, Sir Robert Wilson said, "I am delighted to be taking up this appointment. BG is a young company with a very exciting future. Under Sir Richard's leadership it has transformed itself in recent years, and I look forward to the chance to contribute to its further success."
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