Petrofac Limited Board Update (5274N)
09 August 2017 - 8:00PM
UK Regulatory
TIDMPFC
RNS Number : 5274N
Petrofac Limited
09 August 2017
9 August 2017
PETROFAC LIMITED
BOARD UPDATE
As part of the Company's ongoing commitment to, and focus on,
compliance and ethics, Petrofac today announces that it has
established a new Compliance and Ethics Committee of the Board.
This Committee will be responsible for overseeing the Company's
compliance and ethics programme, as well as the continued
monitoring of the effectiveness of the Company's Code of Conduct
and other Petrofac policies and standards in relation to compliance
and ethics. These include the Standard for the Prevention of
Bribery and Corruption and the Ethical, Social and Regulatory Risk
Policy.
The Committee will comprise three Non-executive Directors -
George Pierson as Committee Chairman, Andrea Abt and Matthias
Bichsel.
The Company has also appointed Edward Sparrow as senior external
specialist to oversee the Company's management of, and response to,
the investigation by the UK Serious Fraud Office announced in May.
Mr Sparrow is a partner in the international law firm, Ashurst LLP.
He has considerable experience of liaising with regulators and
prosecutors on behalf of clients.
Ends
For further information contact:
Petrofac Limited +44 (0) 207 811 4900
Jonathan Low, Head of Investor Relations
Jonathan Edwards, Investor Relations Manager
Alison Flynn, Group Head of Communications +44 (0) 207 811 4913
Tulchan Communications Group LLP +44 (0) 207 353 4200
Martin Robinson
petrofac@tulchangroup.com
LEI 2138004624W8CKCSJ177
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 13,500 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.
This information is provided by RNS
The company news service from the London Stock Exchange
END
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