2023-09-21 19:10:03
By Le Figaro with AFP
Published 2 hours ago, Updated 1 hour ago
The Chairman and CEO of TotalEnergies. RANU ABHELAKH / REUTERS
The group’s board of directors considers that the CEO “has done an excellent job of steering TotalEnergies in a complex environment.”
Will Patrick Pouyanné’s mandate at the head of TotalEnergies be extended? In any case, this is the unanimous wish of the Board of Directors of the oil group, which considers that the manager must “continue the deployment of (its) balanced multi-energy strategy implemented by the company with regard to the evolution of the oil, gas and electricity markets, at the head of the company“. Its renewal will therefore be proposed to the General Assembly in May 2024.
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«For ten years, Patrick (Pouyanné) has done an excellent job of steering TotalEnergies in a complex environment, delivering extremely solid financial results, and engaging the Company in the energy transition more quickly and decisively than its peers», underlines in a press release the Board of Directors. “The company displays a very solid balance sheet at the end of 2022 and is in a position to both implement its transition strategy and guarantee an attractive shareholder return policy.», further justifies the group.
«The unanimous Board of Directors counts on his leadership and strategic vision to continue the transition of TotalEnergies», he said again. Aged 60, Patrick Pouyanné joined Total in January 1997 within the strategic Exploration-Production division, as general secretary in Angola. Patrick Pouyanné was officially appointed CEO on December 19, 2015 for a first three-year term. The company’s statutes provide that the age limit of the general director is set at 67 years and that of the president at 70 years.
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