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

W1siziisijiwmtcvmdcvmtgvmdgvndcvmduvntu5l2jpz3n0b2nrluv4b3rpyy1qyxjhzglzzs1ucmf2zwwtvg91cmktmtc2mju4ndm3lmpwzyjdlfsiccisinrodw1iiiwimzgwedewmcmixv0

Getting Ready to Switch Off

2017-07-17 09:00:00 +0100

According to research by online travel company Expedia, just 53% of workers come back feeling rested after they’ve been on holiday. When you bring work-related stress on holiday with you, you’re never going to be able to truly switch off. So if you've got a summer holiday coming up, what should you do to switch off and unwind? Before you leave... Plan ahead As soon as you know when your last day of work is, make a plan. You don't want to get to that fin...

W1siziisijiwmtcvmdyvmzavmtyvmtgvmjavmtg5l3nodxr0zxjzdg9ja182njkxody3mdkuanbnil0swyjwiiwidgh1bwiilcizodb4mtawiyjdxq

In Her Shoes... SAP Contracting

2017-07-03 09:00:00 +0100

In IT, being a freelancer is very common; due to the nature of project work or other life commitments. SAP is an area in which a quality freelancer can really thrive. We sat down with one of our SAP freelancers, who has 20 years' experience, to find out more about SAP and working under a contract employment model. "After getting a degree in computing, I started my career as a training assistant, but I've always liked to fix things. I used to fix my own ...