Connecting to LinkedIn...

W1siziisijiwmtuvmdqvmtuvmdgvntqvmzgvnzi1l01ptlrbu0hfqkxpr19vtljftkrfukvex0lnqudfx3jlc2l6zwrfyw5kx3jlbmrlcmvklmpwzyjdlfsiccisinrodw1iiiwimtkymhgxmjuwiyjdxq

Blog

Total appoints Patrick Pouyanne as CEO after Christophe de Margerie dies in plane crash

23/10/2014 by

W1siziisijiwmtqvmtavmjgvmtuvmdkvmjuvmtq3l2zpbguixsxbinailcj0ahvtyiisijywmhg0mdbcdtawm2uixv0

Total SA announced Patrick Pouyanne as Christophe de Margerie's CEO successor following his death in a plane crash earlier this week.

Mr Pouyanne, currently the company’s refining chief and long-touted as a potential successor, was named CEO at a board meeting in Paris on Wednesday. Thierry Desmarest returns for a second stint as chairman of the board until the end of next year.

The new CEO will have to see through a round of cost cuts as lower oilprices and weak returns from refining eat into profit at France’s largest company by sales. Mr De Margerie, who was killed on Monday when his private jet struck a snowplow on a Moscow runway, had sold older fields and sought to pare investments in new projects as part of a pledge to investors last month to cut $2bn (approximately £1.2bn) in costs a year.

“Christophe de Margerie’s death comes at a delicate time for oil companies,” said Olivier Appert, head of IFP Energies Nouvelles research institute. “Oil prices are volatile and the challenges are numerous in many countries like Russia. European companies like Total are also facing downstream issues due to the downturn in refining.”

This article has been extracted from http://www.telegraph.co.uk, please click on this link to read the article in full 
http://www.telegraph.co.uk/finance/newsbysector/energy/oilandgas/11179895/Total-appoints-Patrick-Pouyanne-as-CEO-after-Christophe-de-Margerie-dies-in-plane-crash.html

Montash is a multi-award winning, global IT recruitment business. Specialising in permanent and contract positions across mid-senior appointments across a wide range of industry sectors and IT functions, including:

ERP, BI & Data, Information Security, IT Architecture & Strategy, Energy & Technologies, Demand IT and Business Engagement, Digital and E-commerce, Leadership Talent, Infrastructure and Service Delivery, Project and Programme Delivery.

Montash is headquartered in Old Street, London, in the heart of the technology hub. Montash has completed assignments in over 30 countries and has appointed technical professionals from board level to senior and mid management in permanent and contract roles.

comments powered by Disqus

Social Stream

Latest News

W1siziisijiwmtcvmdkvmjevmdgvndmvmduvmtmxl1vudgl0bgvkigrlc2lnbiaomjmplmpwzyjdlfsiccisinrodw1iiiwimzgwedewmcmixv0

Why do we punish the victims of hacking?

2017-09-21 09:00:00 +0100

Hacks occur every 39 seconds, with 95% of them targeting governments, retailers and the tech industry. If the hackers are caught, they'll face prison time under the Computer Misuse Act. More often than not, the businesses who are victims of those attacks expose themselves to punishment of their own. The laws that determine the duty of protection owed to businesses and their customers is both vague and broad, making them question just how much protection...

W1siziisijiwmtcvmdkvmtgvmtavmtivndyvodeyl1dvbwvuigluihrly2ggkdiplmpwzyjdlfsiccisinrodw1iiiwimzgwedewmcmixv0

Tech is for girls... and always has been!

2017-09-18 10:00:00 +0100

Today, it's hard to deny that the IT and tech industry is a male-dominated field. Women earn only 28%[1] of computer science degrees, while the quit rate for women in the high tech industry is 41%[2], twice as high as it is for men. These two statistics would suggest that perhaps women aren't just discouraged from entering the tech field, but may find it a challenging environment to work in both in terms of treatment and pay. Facebook chief operating of...