Technip-Coflexip Announces New Management Structure

Monday, December 17, 2001
At the extraordinary general meeting of shareholders of Technip-Coflexip held on December 13, 2001, shareholders decided to change the company's corporate governance structure to a two-tiered structure with a management board and a supervisory board.

Following the first meeting of the Supervisory Board, which was held following the shareholder meeting, the two boards were established as follows:

With Daniel Valot as Chairman, the management board consists of Thomas Ehret, Daniel Burling, Jean Deseillingny and Claire Giraut. Pierre Marie Valentin will serve as chairman and Michel Leveque will serve as vice chairman of the supervisory board. Roger Cairns, Miguel Caparros, Jean-Pierre capron, Jacques deyirmendjian, Jean-Pierre Lamoure, Claude Mandil, Roger Milgrim, Rolf-Erik Rolfsen, Pierre Vaillaud and Bruno Weymuller will serve as members of the supervisory board.

Shareholders also authorized the Management Board of Technip-Coflexip to buy and sell up to 10 percent of its share capital (2,665,962 shares) at a maximum of $136 per share and a minimum price of $82 per share. Since Technip-Coflexip already holds, at October 31, 2001, directly or indirectly, 9.1 percent (2,432,354 shares) of its share capital, it may acquire only an additional 0.9 percent (233,608 shares). This authorization will expire June 13, 2003, 18 months from the date of approval, . The Boards of Coflexip and Isis also met to change the membership of their respective Boards of Directors owing to the successful offer on both made by Technip.

The Board of Directors of Isis, 99 percent owned affiliate of Technip-Coflexip, consists of the following members: Patrick Picard, Chairman and CEO; Daniel Burlin; Jacques Jouven; Alain Cedelle; and Raymond Mari.

The Board of Directors of Coflexip, 98.3 percent owned affiliate of Technip- Coflexip, consists of the following members: Dominique Henri, Chairman and CEO; Daniel Valot; Thomas Ehret; Daniel Burlin; Jean Deseilligny; Claire Giraut; Anne Decressac; Lucien Sajus; and Isis represented by Patrick Picard.

Maritime Today


The Maritime Industry's original and most viewed E-News Service

Maritime Reporter May 2016 Digital Edition
FREE Maritime Reporter Subscription
Latest Maritime News    rss feeds

Offshore

Subsea Forestry: Separating The Wood From The Trees…

Over the course of the last 20 years, oil and gas companies have cultivated a vast metallic forest beneath the world’s oceans, consisting now of some 5,800 installed subsea trees,

Primeline Turns Against CNOOC

Primeline Energy Holdings Inc. announces that it has sent a letter to China National Offshore Oil Corporation (CNOOC) and CNOOC China Limited (CCL) (together CNOOC

Olympic Pact with Canyon Offshore

Norwegian offshore shipping company Olympic Shipping has entered into a frame agreement with Canyon Offshore for the joint marketing and subsequent operation of

Finance

STX Sells Lorient Shipyard

The shipbuilding group STX France has offloaded its Lorient shipyard to a naval consortium.    The shipyard, which has produced civil and naval vessels, will be purchased by Kership,

DP World Launches $1.2 bln Sukuk Issue to Cover Tender

Dubai-based ports operator DP World launched a seven-year $1.2 billion sukuk issue on Tuesday, a document from lead managers showed.   The issue, structured to

Baltic Index Falls on Weaker Demand

The Baltic Exchange's main sea freight index, tracking rates for ships carrying dry bulk commodities, fell on Tuesday as demand for larger vessel segments declined.

 
 
Maritime Security Maritime Standards Pod Propulsion Port Authority Salvage Ship Electronics Ship Repair Ship Simulators Shipbuilding / Vessel Construction Winch
rss | archive | history | articles | privacy | contributors | top maritime news | about us | copyright | maritime magazines
maritime security news | shipbuilding news | maritime industry | shipping news | maritime reporting | workboats news | ship design | maritime business

Time taken: 0.1020 sec (10 req/sec)