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 King Salman: Just five days in, Saudi Arabia's new king has already overseen a beheading
- 2 The BBC has just done more to eradicate ‘terrorism’ than all our wars since 9/11
- 3 Saudi preacher who 'raped and tortured' his five -year-old daughter to death is released after paying 'blood money'
- 4 Presidential optical illusion offers clues to how brain processes faces
- 5 Grumpy Roald Dahl letter warning student to 'eschew beastly adjectives' rediscovered after 35 years
King Salman: Just five days in, Saudi Arabia's new king has already overseen a beheading
Auschwitz liberation 70th anniversary: Woman sent to three Nazi death camps describes surviving gas chamber
Saudi preacher who 'raped and tortured' his five -year-old daughter to death is released after paying 'blood money'
Ukip Jelly Babies cause uproar on Amazon
Chilling drone footage captures Auschwitz ahead of 70th anniversary of liberation
'We would evict Queen from Buckingham Palace and allocate her council house,' say Greens
French court convicts three over homophobic tweets, in case hailed as a 'significant victory' by LGBT rights campaigners
Greece elections: Syriza and EU on collision course after election win for left-wing party
British Muslim school children suffering a backlash of abuse following Paris attacks
British grandmother Lindsay Sandiford faces execution by firing squad in Indonesia
Liberal Democrat minister defends comments suggesting immigration causes pub closures
iJobs Money & Business
£23000 - £26000 per annum + Benefits: Ashdown Group: Market Research Executive...
£25000 - £35000 per annum: Recruitment Genius: A Technical Report Writer is re...
Competitive salary & benefits!: MBDA UK Ltd: MBDA UK LTD Indirect Procurement...
£16500 - £16640 per annum: Recruitment Genius: This fast growing Finance compa...