Directorate Change

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                                                                                  [phone]

Jonathan Low, Head of Investor Relations

Jonathan Edwards, Investor Relations Manager

Alison Flynn, Group Head of Communications                                  [phone]

Tulchan Communications Group Ltd                                                 [phone]

Stephen Malthouse/Martin Robinson

[e-mail]

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.

 

END

 

 

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