Sascha Bibert is appointed as new Chief Financial Officer of Vallourec and joins the Executive Committee
16 April 2022 - 2:21AM
Sascha Bibert is
appointed as new Chief Financial Officer
of Vallourec and joins the Executive Committee
Meudon
(France), April 15,
2022 – Vallourec announces the appointment of Sascha
Bibert as Group Chief Financial Officer. He takes office on April
19, 2022 and joins the Executive Committee.
Sascha Bibert was previously Chief Financial
Officer of the Uniper Group, one of Europe’s largest publicly
traded electricity producers and energy traders, with growing
positions in renewables and hydrogen.
He succeeds Olivier Mallet, who will leave the
Company after more than 10 years as Chief Financial Officer, member
of the Management Board and more recently Deputy Chief Executive
Officer. During that period he carried out a number of significant
reforms, often in difficult circumstances, as well as Vallourec’s
successful financial restructuring in 2021.
Philippe Guillemot, Chairman and CEO of
Vallourec, declared: "Along with the entire Executive Committee, I
would like to thank Olivier Mallet for his commitment over the past
decade and his contribution to the rich history of Vallourec. I am
delighted to welcome Sascha to the Company and the Executive
Committee. His experience of more than 20 years in the energy
sector and with major international groups will be decisive in
helping to accelerate Vallourec's transformation. In particular, he
will play a key role in generating significant short-term
improvements in profitability and cash flow.”
Sascha Bibert
biography
Between 2019 and 2021, Sascha Bibert served as
CFO of the Uniper Group where, together with the rest of the
management team, he developed and implemented a new strategy
focusing on accelerating the energy transition, while capitalizing
on the opportunities of the current cycle. Sascha also placed great
emphasis on internal and external reporting, ensuring that strategy
execution including capital allocation remained well aligned with
the information provided to key stakeholders.
He previously worked as CFO of EnerjiSA in
Turkey for 5 years, supporting the company’s strong growth in a
highly volatile environment and then listing the company on the
stock exchange, following its split into distinct upstream and
downstream entities.
From 2009 to 2014, Sascha held various
management positions within the E.ON Group, including SVP for Group
Accounting and Controlling and Head of Investor Relations. In
parallel, he also served on the board of Energy from Waste, a
company led by the private equity group EQT.
Sascha began his career as an equity portfolio
manager and buy-side analyst, including a five-year stint with
Allianz Global Investors and three years with Munich Re as Head of
Investor and Rating Agency Relations.
Now aged 46, Sascha is a graduate of the
International School of Management, as well as a CFA charterholder
and a Certified Credit Analyst (CCrA).
About Vallourec
Vallourec is a world leader in premium tubular
solutions for the energy markets and for demanding industrial
applications such as oil & gas wells in harsh environments, new
generation power plants, challenging architectural projects, and
high-performance mechanical equipment. Vallourec’s pioneering
spirit and cutting edge R&D open new technological frontiers.
With close to 17,000 dedicated and passionate employees in more
than 20 countries, Vallourec works hand-in-hand with its customers
to offer more than just tubes: Vallourec delivers innovative, safe,
competitive and smart tubular solutions, to make every project
possible.
Listed on Euronext in Paris (ISIN code:
FR0013506730, Ticker VK), Vallourec is part of the CAC Mid 60, SBF
120 and Next 150 indices and is eligible for Deferred Settlement
Service.
In the United States, Vallourec has established
a sponsored Level 1 American Depositary Receipt (ADR) program (ISIN
code: US92023R4074, Ticker: VLOWY). Parity between ADR and a
Vallourec ordinary share has been set at 5:1.
For further information, please
contact:
Investor
relations Jérôme FribouletTel : +33 (0)1 49 09 39
77Investor.relations@vallourec.com |
Press
relations Héloïse Rothenbühler Tel: +33 (0)1 41 03 77
50 heloise.rothenbuhler@vallourec.com |
Individual
shareholdersToll Free Number (from France): 0 800 505 110
actionnaires@vallourec.com |
|
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