TechnipFMC board members nominated

LNG-engineer Technip and Houston-based FMC Technologies on Thursday revealed their respective designees to the board of directors of the combined company, TechnipFMC.

Earlier this year the two companies agreed to combine into one company named TechnipFMC, with each company’s shareholders owning close to 50 percent of the combined company.

The board of directors of the combined company will comprise 14 directors, seven designated by FMC Technologies and seven by Technip. It will have four committees: audit, nominating and governance, compensation, and strategy.

The appointments will be effective once the transaction closes – expected in early 2017.

As part of the combination deal, FMC Technologies will appoint the initial independent lead director.

The slate of directors nominated by Technip is: Thierry Pilenko, future executive chairman of TechnipFMC and designated chair of the strategy committee; Arnaud Caudoux (Bpifrance designee); Pascal Colombani; Marie-Ange Debon (designated chair of the audit committee); Didier Houssin; John O’Leary, and Joseph Rinaldi.

The slate of directors nominated by FMC is: Douglas J. Pferdehirt, future CEO of TechnipFMC; Eleazar de Carvalho Filho; Claire S. Farley; Peter Mellbye (designated chair of the nominating and governance committee); Richard A. Pattarozzi (designated independent lead director); Kay G. Priestly, and James M. Ringler (designated chair of the compensation committee).