Venture Global Adjusts Leadership

Venture Global LNG said September 21 it is moving away from its dual-CEO leadership structure, with Michael Sabel assuming the role of CEO and Robert Pender filling a new officer position as executive co-chairman.

Both Pender and Sabel will continue on the company’s board of directors as executive co-chairmen. It’s the second change at Venture Global’s executive level in the last 10 days, following on the appointment of Brian Cothran as COO on September 11.

“It has been an exhilarating decade working with Mike to create Venture Global LNG and to help reshape the global LNG industry,” Pender said. “We have succeeded in large part because of the singular focus we have both personally fully invested, now I need to step back a bit.”

“Bob and I have worked together as partners for over 10 years, and more important than the milestones achieved have been the friendship and the time spent together grinding through challenges and building our team,” Sabel said. “The success we have achieved would not have been possible without Bob’s leadership, guidance, intellect and energy. While roles are changing a little bit, the partnership, collaboration and intensity will continue for many years to come as we continue to grow our business.”