TechnipFMC names first board members since merger

  • Business & Finance

Oilfield services provider TechnipFMC has named two new members of the company’s board of directors.

TechnipFMC said that Olivier Piou, former chief executive officer of Gemalto N.V., and John Yearwood, former chief executive officer of Smith International, were named to its board of directors, effective June 1.

Doug Pferdehirt, chairman and CEO of TechnipFMC, stated: “I am pleased to welcome John and Olivier to the board as the first new members since our merger.

He was referring to the merger between Technip and FMC Technologies which was completed in January 2017, when the company started trading as TechnipFMC

Pferdehird said both new directors brought proven leadership and the global perspective gained as CEOs of international public companies.

“Olivier’s extensive knowledge of digital enterprise development will be invaluable as we continue to execute on our digital transformation strategy. John’s deep knowledge of manufacturing and oilfield services will support the continued differentiation and growth of our businesses.”

Piou will also serve on the Strategy Committee while Yearwood will serve on the Compensation Committee. Both will serve on the Nominating and Corporate Governance committees.

Piou was the CEO and board member of Gemalto from 2006 to 2016. He began his career at Schlumberger where he held progressively senior positions covering technology, marketing, and operations in Schlumberger’s Oil & Gas and Technology businesses over 23 years.

He currently serves on the board of directors of Nokia Oyj and Valeo. Piou previously served on boards of Alcatel-Lucent, Axalto, and Gemalto.

As for John Yearwood, he was previously the CEO, president, and COO of Smith International from 2009 to 2010 when Smith International merged with Schlumberger. He served as Smith International’s executive VP and president of completion and production from September to December 2008.

Before that, Yearwood spent over 26 years at Schlumberger in a succession of executive leadership positions. He currently serves as the lead director of Nabors Industries.

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