France: Technip Expands its Board

Technip’s Annual General Meeting of Shareholders, held on April 28, 2011, ratified the cooption of Marie-Ange Debon, which was announced in 2010.

In addition, the Annual General Meeting approved the nomination of two new female directors, C. Maury Devine and Leticia Costa, thus bringing the percentage of women on the company’s Board of Directors to 27% (3 out of 11).

These nominations satisfy the legal objective for French companies of 20% by 2014.

They are also part of a wider aim to renew and diversify the composition of the Board, which now includes American and Brazilian members who have an in depth understanding of the Group’s major clients and markets such as North America, the North Sea and Brazil.

[mappress]

Source: Technip, May 4, 2011;