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

Offshore

Maersk Drilling Posts Record Profit

Maersk Drilling delivered the best result ever with a profit of USD 751m (USD 478m) in 2015 generating a ROIC of 9.3% (7.1%). The result was positively impacted

Update on Seagull Mobile apps for Crew

The Seagull mobile app for crew training status is set to revolutionise the way seafarers track their training records and receive critical safety alerts, by making

Neptune Awarded Kitan Contract

Neptune has been awarded an air diving services contract by Technip Oceania Pty Ltd (“Technip”) for the Kitan disconnection project. The project is offshore

Finance

Baltic Index Pauses at Record Low

The Baltic Exchange's main sea freight index, tracking rates for ships carrying dry bulk commodities, ended flat on Thursday after declining for 12 straight sessions

Long Beach Sees Robust Container Growth

The Port of Long Beach kicked off 2016 by logging its seventh straight month of cargo increases, showing a 24.8 percent jump in container shipments over the same month last year.

Maersk Drilling Posts Record Profit

Maersk Drilling delivered the best result ever with a profit of USD 751m (USD 478m) in 2015 generating a ROIC of 9.3% (7.1%). The result was positively impacted

 
 
Maritime Contracts Maritime Security Naval Architecture Offshore Oil Pod Propulsion Port Authority Salvage Ship Electronics Ship Repair Shipbuilding / Vessel Construction
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: 0.0805 sec (12 req/sec)