Petrofac Limited Directorate Change (1231H)
August 15 2016 - 2:00AM
UK Regulatory
TIDMPFC
RNS Number : 1231H
Petrofac Limited
15 August 2016
Press Release
BOARD CHANGE
Petrofac Limited today announces that Tim Weller has advised the
Board of his intention to leave the Group to take up the role of
Chief Financial Officer of G4S plc, the global integrated security
group. Tim will leave the Group in October 2016 and the search for
his successor is underway.
Petrofac Group Chief Executive Ayman Asfari said: "On behalf of
the Board I would like to thank Tim for his significant
contribution over the past five years. Over this time the Group has
gone through substantial strategic change and Tim's experience,
professionalism and measured approach have proven invaluable in
helping us on our journey back to our traditional areas of focus.
We wish Tim well in his new role with G4S."
Tim Weller said: "I have thoroughly enjoyed my time at Petrofac
and the decision to leave was not an easy one. With Petrofac's
renewed focus on its core strengths, I am confident that Ayman and
the team will lead the Group to success. However, the opportunity
to join G4S and an executive team that I have come to know and
admire through my non-executive role with the company, is the right
move for me at this time."
Ends
For further information contact:
Petrofac Limited +44 (0) 207 811 4900
Jonathan Low, Head of Investor Relations
Jonathan Edwards, Investor Relations Manager
Alison Flynn, Group Head of Communications +44 (0) 207 811 4900
Tulchan Communications Group Ltd +44 (0) 207 353 4200
Stephen Malthouse/Martin Robinson
petrofac@tulchangroup.com
This announcement contains inside information which is disclosed
in accordance with the Market Abuse Regulation which came into
effect on 3 July 2016.
Notes to Editors
Petrofac
Petrofac is a leading international service provider to the oil
& gas production and processing industry, with a diverse client
portfolio including many of the world's leading integrated,
independent and national oil & gas companies. Petrofac is
quoted on the London Stock Exchange (symbol: PFC).
Petrofac designs and builds oil & gas facilities; operates,
maintains and manages facilities and trains personnel; enhances
production; and, where it can leverage its service capability,
develops and co-invests in upstream and infrastructure projects.
Petrofac's range of services meets its clients' needs across the
full life cycle of oil & gas assets.
With around 19,000 employees, Petrofac operates out of seven
strategically located operational centres, in Aberdeen, Sharjah,
Abu Dhabi, Woking, Chennai, Mumbai and Kuala Lumpur and has a
further 24 offices worldwide.
For additional information, please refer to the Petrofac website
at www.petrofac.com.
This information is provided by RNS
The company news service from the London Stock Exchange
END
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