SBM Offshore Fires COO

SBM Offshore Fires COO

SBM Offshore, a Dutch FPSO specialist, confirms that effective immediately Bruno Chabas, CEO, has temporarily taken over the role of COO following the dismissal of Jean-Philippe Laures, COO.

“Although no further comments can be made at this time regarding the circumstances leading up to his dismissal, the company can reassure the market it is not related to the operational performance of the projects in hand,” SBM said in a statement.

The Company’s 3Q 2013 trading update is scheduled to be released next Thursday, November 14, 2013 at 07:30 Central European time.

According to De Telegraaf, Laures is seen as the evil genius behind a fraud case in Africa where SBM is currently embroiled .

SBM Offshore provides floating production solutions to the offshore energy industry, over the full product life-cycle. The Company is market leading in leased floating production systems with multiple units currently in operation, and has unrivalled operational experience in this field. The Company’s main activities are the design, supply, installation and operation of Floating Production, Storage and Offloading (FPSO) vessels. These are either owned and operated by SBM Offshore and leased to its clients or supplied on a turnkey sale basis.

November 07, 2013