PARIS – The Total board of directors has elected Patrick Pouyanné as chairman and CEO, after its decision to recombine the two roles. Pouyanné has served as CEO since Oct. 22, 2014, and a director since May 29, 2015.
He succeeds Thierry Desmarest, whose term as chairman of the board of directors expires on Dec. 18, 2015, in line with the age limits specified in the group’s bylaws. Desmarest, honorary chairman, will remain as a director until the Annual Shareholders’ Meeting on May 24, 2016.
In addition, the board has decided to create the position of lead independent director, who will oversee the efficient running of the company’s governance structure, chair the Governance and Ethics Committee, and be a key contact for shareholders on issues related to the board of directors’ responsibilities.
The board has appointed Patricia Barbizet, an independent director since 2008, as lead independent director. She will chair the Governance and Ethics Committee. She will also be a member of the Compensation Committee.
In addition, as part of this revised governance structure: Marie-Christine Coisne-Roquette, independent director since 2011, will chair the Audit Committee; and Gérard Lamarche, independent director since 2012, will chair the Compensation Committee.
These appointments will take effect on Dec. 19, 2015.
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