Tag: Nat Rothschild

Sylvia Pfeifer

George RoseThe board of Tony Hayward’s new energy fund, Vallares, which will see the former head of BP return to British corporate life, is taking shape. George Rose, the former finance director at BAE Systems, the defence contractor, is in talks to take up the position of chair of the audit committee.

If he agrees, it would be a good catch for Hayward. Rose, who stepped down from the board of BAE in March this year, was well-respected during his time at the defence company. He is currently also a non-executive director at National Grid, a position he has held since 2002, and where he chairs the audit committee, and was until recently a candidate for its chairmanship.

Kiran Stacey

Last week I wrote about the spike in Chinese demand for coal, which was driving a boom in coal M&A deals.

The phenomenon has not gone unnoticed by environmental campaigners, many of whom are quoted in a piece today in the New York Times.

The paper reports:

At ports in Canada, Australia, Indonesia, Colombia and South Africa, ships are lining up to load coal for furnaces in China, which has evolved virtually overnight from a coal exporter to one of the world’s leading purchasers.

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