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 Reporter July 2014 Digital Edition
FREE Maritime Reporter Subscription
Latest Maritime News    rss feeds

Offshore

Odfjell Drilling in Tighter 2Q North Sea Market

Odfjell Drilling reports second quarter 2014 financial results showing a profit of US$29-million. Profit & loss Q2 2014 Operating revenue for Q2 2014 was USD 272 million (USD 289 million),

Brazil AHTS Contract Breakthrough for Havyard

Havyard says it is to deliver the ship design and equipment for four anchor handling tug supply (AHTS) vessels that are to be built and operated by the Brazilian

EOC Takes Full Ownership of OSVs

On 26 August 2014, EOC Limited agreed to acquire 50% of the entire issued share capital of Lewek Antares Shipping Pte. Ltd. (the "Target") , a company incorporated under the laws of Singapore,

Finance

Bollore First Half Boosted by Transport, Advertising Unit

French industrial group Bollore said first-half operating income rose 11 percent to 314 million euro because of strength at its transport business and advertising agency Havas,

CMA CGM Continues Expansion, Confirms Profits

The Board of Directors of CMA CGM Group, the world’s third largest container shipping company, met under the chairmanship of Jacques R. Saadé, Chairman and Chief Executive Officer,

Odfjell Drilling in Tighter 2Q North Sea Market

Odfjell Drilling reports second quarter 2014 financial results showing a profit of US$29-million. Profit & loss Q2 2014 Operating revenue for Q2 2014 was USD 272 million (USD 289 million),

 
 
Maritime Contracts Maritime Standards Naval Architecture Navigation Pipelines Pod Propulsion Ship Electronics Ship Simulators Shipbuilding / Vessel Construction Winch
rss | archive | history | articles | privacy | terms and conditions | 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: 0.1403 sec (7 req/sec)