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 Strictly Come Dancing 2014: Gregg Wallace joins line-up as final celebrities revealed
- 2 Keira Knightley topless: Usually conservative actress does own take on #Freethenipple campaign for Interview Magazine
- 3 Oil tanker with $100 million cargo goes missing off Texas coast
- 4 Saudi Arabia executes 19 in one half of August in 'disturbing surge of beheadings'
- 5 Brother and sister, Christopher Buckner and Timothy Savoy, arrested for 'committing incest after watching 'The Notebook''
YouTube video posted by Isis militants shows 'execution of 250 Syrian soldiers'
Keira Knightley topless: Usually conservative actress does own take on #Freethenipple campaign for Interview Magazine
Oil tanker with $100 million cargo goes missing off Texas coast
George Galloway left with severe bruising after attack in Notting Hill by man 'shouting about the Holocaust'
Brother and sister, Christopher Buckner and Timothy Savoy, arrested for 'committing incest after watching 'The Notebook''
Robin Williams Emmys tribute led by Billy Crystal criticised for including 'racist' joke about Muslim woman
The Rotherham child abuse scandal is a tale of apologists, misogyny and double standards
Scottish independence TV debate: Pumped-up Alex Salmond bounces back in bruising second round against Alistair Darling
What do immigrants really think of Britain? Polish immigrant's Reddit post goes viral
Do you realise just how foolish the UK looks?
With Douglas Carswell joining Ukip, my party has taken another giant step forward
- < Previous
- Next >
iJobs Money & Business
£35000 per annum: Harrington Starr: Network Engineer (CCNP, CCNA, Linux, OSPF,...
£50000 per annum: Harrington Starr: DevOps Engineer (Systems Administration, L...
£60000 - £70000 per annum: Harrington Starr: A prestigious leading professiona...
£50000 per annum: Harrington Starr: Financial Technical Consultant (C++, C#, F...