Total's Pouyanne Expected to be Named Chairman
Total Chief Executive Officer Patrick Pouyanne is expected to be appointed as chairman of the French oil and gas giant on Wednesday, combining both roles again a year after they were split following the death of Christophe de Margerie, who had held both positions. The roles were divided between Pouyanne, 52, who became chief executive, and Thierry Desmarest, who was recalled to take the role of chairman after Margerie's passing. Desmarest, who will turn 70 on Friday, will step down due to rules on age limits.
Desmarest Quits Sanofi Board to Focus on Total Role
Sanofi said on Tuesday that Thierry Desmarest had resigned from the board of the French drugmaker to focus on his role as chairman of oil group Total following the sudden death of Christophe de Margerie. De Margerie had held both the chairmanship and the CEO roles until he was killed in a plane crash in Moscow on Oct. 20. Total has named Patrick Pouyanne as CEO alongside returning chairman Desmarest. Former Total chief executive Desmarest…
Total Names Refining Boss to Replace de Margerie
French oil company Total has appointed refining boss Patrick Pouyanne as chief executive to succeed Christophe de Margerie who was killed in a plane crash in Moscow this week. Pouyanne, 51, head of refining, had been considered as possible candidate to succeed de Margerie in the past and has a reputation as a shrewd cost-cutter. The world's fourth largest oil company also named Thierry Desmarest, a former Total CEO, as non-executive chairman. The appointments came less than 48 hours after de Margerie's death.
Total Names Pouyanne, Desmarest to C-Suite Slots
French oil major Total on Wednesday appointed refining head Patrick Pouyanne as chief executive and former CEO Thierry Desmarest as non-executive chairman. The nominations at the head of the world's fourth-largest integrated oil company came less than 48 hours after the brutal death of Chairman and CEO Christophe de Margerie in a plane crash in Moscow. Desmarest, previously honorary chairman of the oil group, will keep his new position until the end of 2015…
