Total’s Board of Directors paid homage to Chairman and CEO Christophe de Margerie, who died tragically in an airplane accident in Moscow.
After joining the Group in 1974, Christophe de Margerie was appointed to the Executive Committee in 1999, then named CEO of Total on February 14, 2007, and Chairman and CEO on May 21, 2010. He dedicated his brilliant career to the development of the Group, enabling its glowing success in the oil and gas sector and more recently in solar energy. The exceptional human and professional qualities that Christophe de Margerie exhibited during his time at Total were largely responsible for the success of the group.
Following the recommendations of the Governance & Ethics Committee, the Board of Directors made two unanimous decisions.
Thierry Desmarest’s role as Chairman of the Board of Directors will conclude at the end of 2015 in accordance with the age limits stipulated in the Group’s bylaws. The positions of Chairman of the Board of Directors and Chief Executive Officer will then be recombined.
Following the designation by the Central Works Council of a Board member to represent employee shareholders, which is scheduled for November 4, 2014, the group’s Board of Directors will consist of fourteen members, including one employee shareholder representative.
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Press Release; Image: Total