Petrofac Limited Directorate Change (2139N)
14 May 2015 - 10:30PM
UK Regulatory
TIDMPFC
RNS Number : 2139N
Petrofac Limited
14 May 2015
14 May 2015
PETROFAC LIMITED
(the "Company")
BOARD CHANGES
Further to the announcement on 25 February 2015, the Company
confirms that Roxanne Decyk will today step down as a Non-executive
Director, with Matthias Bichsel joining the Company as a
Non-executive Director, following approval by shareholders at
today's AGM.
Matthias, who has over 30 years' relevant experience most
recently as Director of Projects & Technology at Royal Dutch
Shell plc, brings an extensive understanding of the oil and gas
industry. He is also Non-executive Director of Sulzer AG and
Canadian Utilities Limited.
Rijnhard van Tets, Petrofac's Chairman, commented: "I would like
to record the Board's appreciation for Roxanne's contribution to
the Board over the last four years and wish her well for the
future.
"It also gives me great pleasure to welcome Matthias to our
Board, where his considerable oil and gas experience will help to
maintain a Board that is strong, well-balanced and
multi-disciplinary. We look forward to working with him."
Dr Bichsel commented: "I am delighted to be joining the Board of
Petrofac. I very much look forward to bringing to the Boardroom my
expertise and experience in risk management across complex
business, technology, and the deepwater sector, as Petrofac
executes its record project backlog and works to realise its
deepwater ambitions."
Committee changes
As a result of the above-noted changes, the Board committees are
comprised as follows with immediate effect:
Nominations Committee: Rijnhard van Tets (Chairman), Ayman
Asfari, Thomas Thune Andersen, Matthias Bichsel, Kathleen Hogenson
and René Médori.
Audit Committee: René Médori (Chairman), Thomas Thune Andersen,
Matthias Bichsel and Kathleen Hogenson
Remuneration Committee: Thomas Thune Andersen (Chairman),
Matthias Bichsel and Kathleen Hogenson.
The Board, recognising the continued importance of risk
management, has agreed that following the departure of Stefano Cao
from the Board on 29 April 2015, the role of the Board Risk
Committee will be assumed by the full Board.
There are no additional disclosures in respect of paragraph
9.6.13 (1) to (6) of the FCA Listing Rules.
For further information contact:
Alison Flynn
Head of Media Relations
Petrofac +44 (0)207 811 4913
alison.flynn@petrofac.com
Tulchan Communications Group LLP +44 (0) 20 7353 4200
Martin Robinson
Stephen Malthouse
petrofac@tulchangroup.com
Notes to Editors
PETROFAC
Petrofac is a leading international service provider to the oil
& gas production and processing industry, with a diverse client
portfolio including many of the world's leading integrated,
independent and national oil & gas companies. Petrofac is
quoted on the London Stock Exchange (symbol: PFC).
Petrofac designs and builds oil & gas facilities; operates,
maintains and manages facilities and trains personnel; enhances
production; and, where it can leverage its service capability,
develops and co-invests in upstream and infrastructure projects.
Petrofac's range of services meets its clients' needs across the
full life cycle of oil & gas assets.
With around 20,000 employees, Petrofac operates out of seven
strategically located operational centres, in Aberdeen, Sharjah,
Abu Dhabi, Woking, Chennai, Mumbai and Kuala Lumpur and has a
further 24 offices worldwide.
For additional information, please refer to the Petrofac website
at www.petrofac.com.
REMUNERATION ARRANGEMENTS
In accordance with Section 430(2B) of the UK Companies Act 2006,
the Company hereby confirms that no payment for loss of office will
be made to Ms Decyk in connection with her ceasing to be a
Non-executive Director of Petrofac Limited. The Company's
Directors' Remuneration Report for the year ending 31 December 2015
will include all fees paid to her during the year.
This information is provided by RNS
The company news service from the London Stock Exchange
END
BOALLFFFELISLIE
Petrofac (LSE:PFC)
Historical Stock Chart
From Apr 2024 to May 2024
Petrofac (LSE:PFC)
Historical Stock Chart
From May 2023 to May 2024