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 Isis 'jihadi bride' claims forced sex with Yazidi girls is never rape because Koran condones it
- 2 Art Garfunkel calls Paul Simon a 'monster' with a Napoleon complex
- 3 Woman accidentally shoots herself in the head while posing for a selfie
- 4 Isis burns woman alive for refusing to engage in 'extreme' sex act, UN says
- 5 Puerto Rico, island of lost dreams: People are leaving the debt-hit territory in droves as near neighbour Cuba's star rises
Isis 'jihadi bride' claims forced sex with Yazidi girls is never rape because Koran condones it
Woman accidentally shoots herself in the head while posing for a selfie
Isis burns woman alive for refusing to engage in 'extreme' sex act, UN says
Puerto Rico, island of lost dreams: People are leaving the debt-hit territory in droves as near neighbour Cuba's star rises
16-year-old girl beaten and burned alive by lynch mob in Rio Bravo, Guatemala
As a white man, I'm surprised more women aren't tweeting the hashtag #KillAllWhiteMen
Scotland may have to leave the EU even if it votes to stay in, David Cameron confirms
The day that Britain resigned as a global power
Almost a third of school pupils believe 'Muslims are taking over our country', study claims
SNP fury as HS2 finds 'no business case' for taking fast train service to Scotland
Gay marriage 'Bert and Ernie' cake bakery found guilty of discrimination in Northern Ireland
iJobs Money & Business
£40-50K: Guru Careers: We are seeking an experienced Software / C# Developer w...
£45,000 - £55,000: Neil Pavier: Are you looking for your next opportunity for ...
£45,000 - £55,000: Sheridan Maine: Are you a newly qualified ACA/ACCA/ACMA qua...
£50,000 - £60,000: Laura Norton: Are you looking for an opportunity within a w...