Rogerson gets pounds 200,000 BG golden handshake
Saturday 21 February 1998
Mr Rogerson, 53, departs with a pounds 200,000 pay-off and a pounds 149,000 company pension. He was on a fixed-term contract with BG until the end of 1999 with a basic salary of pounds 320,000.
He is to become non-executive chairman of a BG subsidiary, Pipeline Integrity International, which the group yesterday said it had sold to Mercury Asset Management's Private Equity arm for pounds 90m. Pipeline Integrity, based in Cramlington, Northumberland, is responsible for high tech inspections of the gas pipeline network using equipment nicknamed the "intelligent pig".
Mercury has raised pounds 116m from private investors and in debt to fund the purchase, which includes a deferred payment of pounds 6m to BG dependent on the company's performance over five years. Tony Powell, from Schlumberger, has been drafted in as chief executive.
Mr Rogerson was responsible for piloting BG's complaint against pipeline cuts through the Monopolies and Mergers Commission (MMC), which last year rejected much of the the company's case. He had previously said he would leave BG after the MMC probe concluded and has already become non-executive director of the Halifax and deputy chairman of Aggreko, the power hire specialists.
- 1 Malaysia Airlines MH17 crash: Pro-Russian rebel 'admits to shooting down plane'
- 3 Israel-Gaza conflict: The myth of Hamas’s human shields
- 5 Dutch paedophile club to fight their ban at the European Court of Human Rights
Malaysia Airlines MH17 crash: Vladimir Putin is given 'one last chance' to end hostilities in Ukraine
The 'scroungers’ fight back: The welfare claimants battling to alter stereotypes
The truth about conspiracy theories is that some require considering
Malaysia Airlines MH17 crash: Ukrainian military jet was flying close to passenger plane before it was shot down, says Russian officer
Malaysia Airlines MH17 crash: Massive rise in sale of British arms to Russia
Malaysia Airlines MH17 crash: victims’ bodies bundled in black bags and loaded onto trains
iJobs Money & Business
£350 - £400 per day: Orgtel: PMO Analyst - Banking - London - £350 -£400 per d...
£300 - £350 per day + competitive: Orgtel: Cost Reporting Manager - MI Packs -...
£35000 - £40000 Per Annum plus 23 days holiday and pension scheme: Clearwater ...
£475 - £525 per day: Orgtel: Test Lead, London, Investment Banking, Technical ...