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Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
---|---|---|---|---|---|
Petrofac Limited | LSE:PFC | London | Ordinary Share | GB00B0H2K534 | ORD USD0.02 |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
1.42 | 5.46% | 27.42 | 27.34 | 27.80 | 27.96 | 26.00 | 26.00 | 4,579,608 | 16:35:22 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
Oil & Gas Field Services,nec | 2.59B | -310M | -0.5996 | -0.46 | 141.97M |
TIDMPFC
RNS Number : 2997Z
Petrofac Limited
14 December 2017
Press Release
14 December 2017
BOARD CHANGES
Petrofac Ltd ("Petrofac" or "the Company") today announces that its Chairman Rijnhard van Tets has notified the Board of his intention to step down from the Board at the May 2018 Annual General Meeting after an 11-year tenure. He will be succeeded upon his departure by current Senior Independent Director René Médori.
Mr van Tets joined the Board in 2007, serving as a Non-executive Director prior to being appointed Chairman in 2014. Mr Médori, who joined as a Non-executive Director in 2012, has recently relinquished his executive role as Finance Director of Anglo American plc.
Mr van Tets said: "After a long tenure I have made the decision to step down at next year's AGM. I would like to thank my fellow Board members for their support, and the Executive Directors for their continued commitment to the business during the past 11 years.
"I am delighted that the Board has been able to appoint an internal candidate of René's calibre. His wide international experience and understanding of multi-national businesses, well-established governance knowledge, and understanding of the regulatory landscape, provides an important level of continuity."
Mr Médori said: "On behalf of the Board I would like to thank Rijnhard for his strong leadership and commitment to Petrofac. His experience through this time has been invaluable. I am delighted to be taking up the role of Chairman next year and excited about the prospect of working with the management team to take the business forward."
The appointment of a new Senior Independent Director will be announced in due course.
Committee changes
As a result of the above-noted changes, further changes to Nominations, Remuneration and Audit committees will be advised in due course.
There are no additional disclosures in respect of paragraph 9.6.13 (1) to (6) of the FCA Listing Rules.
Ends
For further information contact:
Petrofac Limited
+44 (0) 207 811 4900
Jonathan Low, Head of Investor Relations
jonathan.low@petrofac.com
Alison Flynn, Group Head of Communications
alison.flynn@petrofac.com
+44 (0) 207 811 4913
Tulchan Communications Group
+44 (0) 207 353 4200
petrofac@tulchangroup.com
Andrew Grant
Martin Robinson
NOTES TO EDITORS
Petrofac
Petrofac is a leading international service provider to the oil and gas production and processing industry, with a diverse client portfolio including many of the world's leading integrated, independent and national oil and gas companies. Petrofac is quoted on the London Stock Exchange (symbol: PFC).
Petrofac designs and builds oil and 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 and gas assets.
With around 13,000 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.
This information is provided by RNS
The company news service from the London Stock Exchange
END
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(END) Dow Jones Newswires
December 14, 2017 02:01 ET (07:01 GMT)
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