BG Group Appoints Fabio Barbosa as CFO

BG Group, a leader in natural gas, has appointed Fabio Barbosa as an executive director and chief financial officer (CFO), effective 31 March 2011. Barbosa joined BG Group in December 2010. Until June 2010, he was CFO at the Brazilian mining company Vale, one of the largest metals and mining companies in the world by market capitalisation. From April 2009 until December 2010, he was also a director of BM&FBOVESPA, the Brazilian securities, commodities and futures exchange.

Prior to joining Vale in 2002, Barbosa spent seven years in the Brazilian Ministry of Finance, rising to the role of National Treasury Secretary. He is a former adviser to one of the executive directors of the World Bank.

Barbosa succeeds Ashley Almanza, who stands down from the board on 31 March 2011.

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