31 July
2024
BOARD
CHANGES
Petrofac announces today that
Non-executive Directors Ayman Asfari and Francesca Di Carlo have notified the Board of
their intention to step down from their duties and do so from
today’s date (31 July).
Ayman Asfari co-founded Petrofac
International in 1991 and has served as a Non-executive Director
following his retirement as Group Chief Executive at the end of
2020. Ayman led the successful public listing of the Company in
2005 and under his leadership Petrofac became established as a
leading international service provider to the energy
industry.
Commenting, Petrofac Chair René
Médori, said: “Today’s announcement marks the end of more than
three decades of extraordinary service from Ayman to the Group he
co-founded. When he retired as CEO in 2020, Ayman committed to a
two-year tenure as Non-executive Director and extended that term
twice to continue to support the Board and management. Ayman leaves
with our utmost respect and gratitude for his enormous contribution
over more than 30 years.
“Since joining the Board in 2019
Francesca has been able to deploy her significant experience to
help shape and mature the rigorous governance and ethics regimes
Petrofac has in place today. We sincerely thank Francesca for her
contribution and wish her well in her recently appointed
Chairperson role.”
Ayman Asfari said: “During my long
career at Petrofac I have had the privilege of working with a great
many inspiring, committed and collaborative people who helped turn
the Group into an internationally recognised service provider to
the energy industry. Throughout my service, and especially in
recent years, I always counted on the resilience and support of a
great team to help navigate the challenges and changes that we have
faced. I am leaving behind an excellent leadership and a strong and
supportive Board and I would like to thank them, and everyone at
Petrofac for all they have given to the business and to me. I wish
them every success for the future.”
As a result of the Board changes
effected today, the Directors now sit on the following Board
Committees as follows:
Nominations
Committee: René Médori
(Chair), Sara Akbar, Matthias Bichsel, David Davies
Audit
Committee: David Davies
(Chair), Matthias Bichsel, Sara Akbar
Compliance &
Ethics Committee: Sara Akbar
(Chair), Matthias Bichsel, David Davies
Remuneration
Committee: Matthias Bichsel
(Chair), Sara Akbar, David Davies
Special
Committee: Aidan de Brunner
(Chair), Tareq Kawash, Afonso Reis e Sousa
ENDS
For further
information contact:
Petrofac:
James Boothroyd, Head of Investor
Relations
James.boothroyd@petrofac.com
Sophie Reid, Group Director of
Communications and Culture
Sophie.reid@petrofac.com
Teneo (for
Petrofac):
+44 (0) 207 353 4200
petrofac@teneo.com
NOTES TO
EDITORS
Petrofac
Petrofac is a leading international
service provider to the energy industry, with a diverse client
portfolio including many of the world’s leading energy
companies.
Petrofac designs, builds, manages
and maintains oil, gas, refining, petrochemicals and renewable
energy infrastructure. Our purpose is to enable our clients to meet
the world’s evolving energy needs. Our four values - driven, agile,
respectful and open - are at the heart of everything we
do.
Petrofac’s core markets are in the
Middle East and North Africa (MENA) region and the UK North Sea,
where we have built a long and successful track record of safe,
reliable and innovative execution, underpinned by a cost effective
and local delivery model with a strong focus on in-country value.
We operate in several other significant markets, including India,
South East Asia and the United States. We have 8,500 employees
based across 31 offices globally.
Petrofac is quoted on the London
Stock Exchange (symbol: PFC).
For additional
information, please refer to the Petrofac website at
www.petrofac.com
