Almanza to takeover as Hundred Group chair

100 group logo

Ashley Almanza, the low-key chief financial officer of oil giant BG Group, is
to takeover the chairmanship of the influential Hundred Group next month.

Almanza will be proposed as the successor to current chair Philip Broadley at
the lobby group’s AGM to be held on 26 November. Broadley is the outgoing
finance director of Prudential.

The high-profile position as the head of what is perhaps the most respected
and influential accounting and finance lobby group will see the Almanza thrust
into the spotlight as the profession comes to terms with the credit crunch and
ongoing concerns over competition and choice in the audit market.

The 44-year-old Almanza has worked his way up to the BG Group board after
starting out his career at the old British Gas company in 1993.

He has survived the massive restructuring that British Gas has undergone
since then and has served as chief financial officer since August 2002.

Almanza is highly-respected in the City, but keeps a notoriously low profile
for a FTSE 100 CFO. He rarely grants press interviews and is known for focusing
relentlessly on his job.

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