May 15 (Bloomberg) -- Catherine Tanna, a Reserve Bank of Australia board member, is leaving her post as chairman of BG Group Plc’s local business to become managing director of electricity and gas retailer EnergyAustralia Holdings Ltd.
Tanna will replace Richard McIndoe starting in July, EnergyAustralia, a unit of Hong Kong-based CLP Holdings Ltd., said today in an e-mailed statement. EnergyAustralia announced McIndoe’s plan to step down in December.
Tanna is moving on as BG, based in Reading, England, prepares to start its $20.4 billion natural gas export project on Australia’s east coast later this year. Chris Finlayson resigned as BG’s chief executive officer last month amid disagreements with the board over the speed at which he was implementing the company’s strategy, according to Executive Chairman Andrew Gould.
The announcement also follows the departure this year of Derek Fisher as managing director of BG’s Australian business.
BG’s venture in Australia is on track to deliver its first liquefied natural gas later this year, Gould said today in an e-mailed statement.
Tanna, an executive with BG in Australia since 2009 and its local chairman since 2012, previously worked at Royal Dutch Shell Plc. She was appointed to the RBA’s board in 2011.
Melbourne-based EnergyAustralia is an electricity and gas retailer with 2.7 million customers and owner of the Yallourn coal-fired power station in Victoria state. The company last year acquired the Mount Piper and Wallerawang power stations in New South Wales state for A$160 million ($150 million).
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