Total: Board of Directors Meeting on May 21, 2010
Christophe de Margerie Appointed Chairman and CEO of Total
Thierry Desmarest Appointed Honorary Chairman of Total
Total
Regulatory News:
On May 21, 2010, the Board of Directors of Total (Paris:FP) (LSE:TTA) (NYSE:TOT) appointed Christophe de Margerie as Chairman of the Board of Directors, replacing Thierry Desmarest. Christophe de Margerie thus becomes Chairman and CEO of Total.
On behalf of the Board of Directors, Christophe de Margerie praised Thierry Desmarest and thanked him for his service as head of the Group : “Under the management of Thierry Desmarest, Total experienced remarkable growth and became one of the largest oil companies in the world. The support and trust he has always shown me have facilitated a smooth transition of leadership for France’s largest industrial companyâ€.
Thierry Desmarest, who remains a member of the Total’s Board and Chairman of the Total Foundation, was appointed Honorary Chairman of the Company. He stated: “For fifteen years, Christophe de Margerie and I have worked to build a global group with a strong culture and high ambitions. It is now his task to lead the Group and continue its expansion and profitable growth. I am certain he will do so with determination and successâ€.
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Total is one of the world's leading oil and gas groups, operating in more than 130 countries. Its 96,000 employees develop their skills and expertise at every level of this industry: oil and natural gas exploration and production, refining and distribution, gas and new energies, and trading. Through their work, they help meet the world's present and future energy needs. The Group is also a forerunner in the area of chemistry. www.total.com
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