Press release | November 24 2016 Technip and FMC Technologies Announce Designees to Board of Directors of Combined Company PARIS and HOUSTON, Nov. 24, 2016 /PRNewswire/ -- Technip S.A. (Euronext: TEC) and FMC Technologies, Inc. (NYSE: FTI) today announced their respective designees to the Board of Directors of the combined company, TechnipFMC, effective at the close of the proposed combination.
The Board of Directors of the combined company will comprise 14 directors, seven designated by FMC Technologies and seven designated by Technip as set forth below. FMC Technologies will appoint the initial Independent Lead Director, in accordance with the terms of the Business Combination Agreement. The Board of Directors will have four committees: Audit, Nominating and Governance, Compensation, and Strategy. The committee chairs and Independent Lead Director are indicated below.
The slate of directors nominated by Technip is:
Thierry Pilenko, future Executive Chairman of TechnipFMC and designated Chair of the Strategy Committee
Arnaud Caudoux (Bpifrance designee)
Pascal Colombani
Marie-Ange Debon (designated Chair of the Audit Committee)
Didier Houssin
John OLeary
Joseph Rinaldi
The slate of directors nominated by FMC Technologies is:
Douglas J. Pferdehirt, future Chief Executive Officer of TechnipFMC
Eleazar de Carvalho Filho
Claire S. Farley
Peter Mellbye (designated Chair of the Nominating and Governance Committee)
Richard A. Pattarozzi (designated Independent Lead Director)
Kay G. Priestly
James M. Ringler (designated Chair of the Compensation Committee)
As previously announced, the transaction is expected to be completed in early 2017 and is subject to approval by FMC Technologies and Technips stockholders, the receipt of required antitrust and regulatory clearances and other customary closing conditions.
Brief biographies for each of the new Board of Directors designees are included below.
Arnaud Caudoux is Chief Financial Officer, Executive Director and Head of guarantee activities of Bpifrance. Prior to this role, he held various executive positions at Bpifrance and OSEO. Mr. Caudoux started his career in 1997 at Accenture as a consultant before joining AT Kearney.
Pascal Colombani has been a member of the Technip board of directors since 2007. He is Chairman of the Advisory Board of A.T. Kearney, a member of the European Advisory Board of JPMorgan Chase, non-executive Chairman of the Board of Directors of Valeo, a member of the Boards of Directors of Alstom and Siaci-Saint-Honor and Chairman of the Board of Directors of Noordzee Helikopters Vlaanderen (NHV). He held various executive positions and directorships in both the public and private sectors, including in Schlumberger, the French Ministry of Research, the French Atomic Energy Commission (CEA) and Areva.
Eleazar de Carvalho Filho has been a member of the FMC Technologies board of directors since 2010. Mr. de Carvalho Filho is a Founding Partner of Virtus BR Partners Assessoria Corporativa Ltda., Sinfonia Consultoria Financeira e Participa es Ltda., Iposeira Capital Ltda. and STK Capital Gestora de Recursos Ltda. Mr. de Carvalho Filho also currently serves on the board of directors of publicly traded Brookfield Renewable Energy Partners L.P.,Companhia Brasileira de Distribuic o-Grupo P o de Ac car and Cnova N.V.
Marie-Ange Debon has been a member of the Technip board of directors since 2010. She is Senior Executive Vice President of Suez Group and Chief Executive Officer of the International Division. Mrs. Debon has served in various positions in both the public and private sectors, including in the French Audit Commission (Cour des Comptes), France 3, Thomson and the Coll ge de lAutorit des March s Financiers (the French Financial Market Authority).
Claire S. Farley has been a member of the FMC Technologies board of directors since 2009. Ms. Farley has been a Vice-Chairman in the Energy & Infrastructure business of KKR & Co. L.P., a global investment firm, since 2016. She began her affiliation with KKR in September 2010 as a co-founder of RPM Energy, LLC, a privately-owned oil and gas exploration and development company. Ms. Farley also currently serves on the board of directors of publicly traded LyondellBasell Industries B.V.
Didier Houssin has been a member of the Technip board of directors since 2016. Mr. Houssin is the Chairman and Chief Executive Officer of IFP nergies nouvelles since April 8, 2015. He also held various international and executive positions both in the French Government and the private industrial sector, including the International Energy Agency, BRGM, the French Geological Survey, the French Ministry of Economy and Finance and Total.
Peter Mellbye has been a member of the FMC Technologies board of directors since 2013. From January 2011, Mr. Mellbye served as Executive Vice President, Development & Production, International, of Statoil ASA, where he worked from 1982 until his retirement in September 2012.
John OLeary has been a member of the Technip board of directors since 2007. Mr. OLeary is the Chief Executive Officer of Strand Energy (Dubai) and sits on the Supervisory Boards of Huisman Itrec and Jumbo Shipping. He also held various executive positions in Pareto Offshore ASA, the Forasol-Foramer group and the group resulting from the merger between Forasol-Foramer and Pride International.
Richard A. Pattarozzi has been a member of the FMC Technologies board of directors since 2002. From March 1999 until his retirement in January 2000, Mr. Pattarozzi served as Vice President of Shell Oil Company, where he had worked since October 1991 Mr. Pattarozzi also currently serves on the board of directors of publicly traded Stone Energy Corporation and Tidewater Inc.
Douglas J. Pferdehirt is the President and Chief Executive Officer of FMC Technologies and has been a member of t
