Shareholders' combined General Meeting of April 11, 2003 - First Meeting of new Board of Directors
1.The shareholders approved all resolutions as proposed by the Management Board. In particular, shareholders approved that the Group become a société anonyme with a Board of Directors and, subsequently, appointed members of the new board.
2.The new board of directors held its first meeting immediately following the combined general meeting. During this meeting, the board elected Mr. Daniel Valot as its Chairman and appointed him as Chief Executive Officer of the Group.
Members of the board of directors are: Daniel Valot (Chairman and CEO), Roger Cairns, Miguel Caparros, Jacques Deyirmendjian, Jean Pierre Lamoure, Daniel Lebègue, Claude Mandil, Roger Milgrim, Rolf Rolfsen, Pierre Vaillaud and Bruno Weymuller.
The board has decided to establish three independent board committees to prepare its decisions: an audit committee, a strategy committee and a nominations and remuneration committee.
With a workforce of about 19,000, Technip-Coflexip ranks among the top five in the field of oil, gas and petrochemical engineering, construction and services. Headquartered in Paris, the Group is listed in New York (NYSE: TKP) and in Paris (Euronext: 13170). The main engineering and business centers of Technip-Coflexip are located in France, Italy, Germany, the UK, Norway, Finland, the Netherlands, the United States, Brazil, Abu-Dhabi, China, India, Malaysia and Australia. The Group has high-quality industrial and construction facilities in France, Brazil, the UK, the USA, and Finland as well as a world-class fleet of offshore construction vessels.
Statements in this news release other than historical financial information are forward-looking statements subject to risks and uncertainties. Actual results could differ materially depending on factors such as capital expenditures in the oil and gas industry, the timing of development of offshore energy resources, materialization of construction risks, the strength of competition, interest rate movements and stability in developing countries.
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