REG-Petrofac Limited Petrofac Limited: BOARD CHANGES

PetrofacAnnouncement

31/07/2024 11:45

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   Petrofac Limited ( PFC)
   Petrofac Limited: BOARD CHANGES

   31-Jul-2024 / 11:30 GMT/BST

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   31 July 2024

    

                                 BOARD CHANGES

    

   Petrofac  announces  today  that  Non-executive  Directors  Ayman   Asfari
   and Francesca Di Carlo have notified the Board of their intention to  step
   down from their duties and do so from today’s date (31 July).

   Ayman Asfari co-founded Petrofac International in 1991 and has served as a
   Non-executive Director following his  retirement as Group Chief  Executive
   at the end of 2020. Ayman led the successful public listing of the Company
   in 2005 and under his leadership Petrofac became established as a  leading
   international service provider to the energy industry.

   Commenting, Petrofac Chair René Médori, said: “Today’s announcement  marks
   the end of more than three decades of extraordinary service from Ayman  to
   the Group he co-founded. When he  retired as CEO in 2020, Ayman  committed
   to a  two-year tenure  as Non-executive  Director and  extended that  term
   twice to continue to support the  Board and management. Ayman leaves  with
   our utmost respect and gratitude  for his enormous contribution over  more
   than 30 years.

   “Since joining the  Board in 2019  Francesca has been  able to deploy  her
   significant experience to  help shape and  mature the rigorous  governance
   and ethics  regimes  Petrofac  has  in place  today.  We  sincerely  thank
   Francesca for her contribution and wish her well in her recently appointed
   Chairperson role.”

   Ayman Asfari  said: “During  my long  career at  Petrofac I  have had  the
   privilege  of  working  with  a   great  many  inspiring,  committed   and
   collaborative people who  helped turn  the Group  into an  internationally
   recognised service provider to the energy industry. Throughout my service,
   and especially in  recent years, I  always counted on  the resilience  and
   support of a great team to  help navigate the challenges and changes  that
   we have faced. I  am leaving behind an  excellent leadership and a  strong
   and supportive  Board and  I would  like to  thank them,  and everyone  at
   Petrofac for all they have  given to the business and  to me. I wish  them
   every success for the future.”

   As a result of the Board changes effected today, the Directors now sit  on
   the following Board Committees as follows:

   Nominations Committee: René Médori (Chair), Sara Akbar, Matthias  Bichsel,
   David Davies

   Audit Committee: David Davies (Chair), Matthias Bichsel, Sara Akbar

   Compliance & Ethics Committee: Sara Akbar (Chair), Matthias Bichsel, David
   Davies

   Remuneration Committee: Matthias Bichsel (Chair), Sara Akbar, David Davies

   Special Committee: Aidan de Brunner  (Chair), Tareq Kawash, Afonso Reis  e
   Sousa

    

   ENDS

    

    

    

   For further information contact:

    

   Petrofac:

   James Boothroyd, Head of Investor Relations

    1 James.boothroyd@petrofac.com

    

   Sophie Reid, Group Director of Communications and Culture

    2 Sophie.reid@petrofac.com

    

   Teneo (for Petrofac):

   +44 (0) 207 353 4200

    3 petrofac@teneo.com

    

    

   NOTES TO EDITORS

   Petrofac

   Petrofac is  a  leading  international  service  provider  to  the  energy
   industry, with a diverse  client portfolio including  many of the  world’s
   leading energy companies.

    

   Petrofac designs,  builds,  manages  and  maintains  oil,  gas,  refining,
   petrochemicals and  renewable energy  infrastructure.  Our purpose  is  to
   enable our clients  to meet the  world’s evolving energy  needs. Our  four
   values -  driven,  agile,  respectful and  open  -  are at  the  heart  of
   everything we do.

    

   Petrofac’s core markets  are in the  Middle East and  North Africa  (MENA)
   region and the UK  North Sea, where  we have built  a long and  successful
   track record of safe, reliable and innovative execution, underpinned by  a
   cost effective and local delivery model with a strong focus on  in-country
   value. We operate in several  other significant markets, including  India,
   South East  Asia and  the United  States. We  have 8,500  employees  based
   across 31 offices globally.

    

   Petrofac is quoted on the London Stock Exchange (symbol: PFC).

    

   For additional  information,  please  refer to  the  Petrofac  website  at
    4 www.petrofac.com

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   Dissemination of a Regulatory Announcement, transmitted by EQS Group.
   The issuer is solely responsible for the content of this announcement.

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   ISIN:           GB00B0H2K534
   Category Code:  BOA
   TIDM:           PFC
   LEI Code:       2138004624W8CKCSJ177
   OAM Categories: 3.1. Additional regulated information required to be
                   disclosed under the laws of a Member State
   Sequence No.:   337726
   EQS News ID:    1958167


    
   End of Announcement EQS News Service

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References

   Visible links
   1. mailto:James.boothroyd@petrofac.com
   2. mailto:Sophie.reid@petrofac.com
   3. mailto:petrofac@teneo.com
   4. https://eqs-cockpit.com/cgi-bin/fncls.ssp?fn=redirect&url=9fe21fdf68d48cc06116e9fe9587a1c8&application_id=1958167&site_id=refinitiv~~~790ea929-3c21-49b8-8ff9-1aed464daef1&application_name=news


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