By Olivia Bugault

Total SE said Thursday that its board of directors has decided to renew the mandate of its Chairman and Chief Executive Officer Patrick Pouyanne until 2024.

The extension of Mr. Pouyanne's term will depend on the renewal of his director's mandate at the shareholders' meeting in May, the French oil-and-gas company said.

Total also said that it will propose Mr. Jacques Aschenbroich, who is chairman and CEO of French car supplier Valeo SA, as a director for a duration of three years. If approved by shareholders, Mr. Aschenbroich would replace Carlos Tavares who wished to stand down from the board in 2020.

Write to Olivia Bugault at olivia.bugault@wsj.com

(END) Dow Jones Newswires

March 18, 2021 04:10 ET (08:10 GMT)

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