France: Pascal Colombani Appointed Senior Independent Director by Technip’s Board of Directors

Following the Nominations and Remunerations Committee’s proposal, the Board of Directors of Technip appointed Pascal Colombani as the Company’s first Senior Independent Director, for a renewable one-year term.

In accordance with the Board of Directors’ internal charter, the Senior Independent Director was selected amongst independent directors of Technip. Pascal Colombani remains Chairman of the Strategic Committee.

Within the framework of this function, the Senior Independent Director in particular assists the Chairman in the organization and the functioning of the Board and its Committees.

Biographical background:

Pascal Colombani, Technip’s director since April 2007, is Chairman of the Board of Directors of Valeo and Associate Director and Senior Advisor for innovation, high technology and energy at the A.T. Kearney strategic consultancy firm; he is a member of the French Academy of Technology, a director of Alstom, Rhodia and Energy Solutions. In 2000, he was appointed Managing Director of the French Atomic Energy Commission (Commissariat à l’Énergie Atomique–CEA), a post that he held until December 2002. He chaired the Supervisory Board from the start of the restructuring of the industrial holdings of the CEA and the creation of Areva in 2000 until May 2003. Between 1997 and 1999, he was the Director of Technology at the Ministry for Research. Pascal Colombani spent close to 20 years (1978-1997) at Schlumberger in various posts, in the US and in Europe, before becoming Chairman and CEO of its Japanese subsidiary in Tokyo. He began his career at CNRS.

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Technip is a world leader in the fields of project management, engineering and construction for the oil & gas industry, offering a comprehensive portfolio of innovative solutions and technologies.

With 23,000 employees around the world, integrated capabilities and proven expertise in underwater infrastructures (Subsea), offshore facilities (Offshore) and large processing units and plants on land (Onshore), Technip is a key contributor to the development of sustainable solutions for the energy challenges of the 21st century.

Present in 48 countries, Technip has operating centers and industrial assets (manufacturing plants, spoolbases, construction yard) on five continents, and operates its own fleet of specialized vessels for pipeline installation and subsea construction.

The Technip share is listed on Euronext Paris exchange and over the counter (OTC) in the USA.

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Source: Technip, November 8, 2010;