Sascha Bibert is
appointed
new Chief Financial Officer of Vallourec and joins the Executive Committee
Meudon (France), 15
april
2022
– Vallourec announces the appointment of Sascha Bibert as Group Chief Financial Officer. He takes office on April 19, 2022 and joins the Executive Committee.
Sascha Bibert was previously Chief Financial Officer of the Uniper group, one of the largest listed European electricity producers, whose activities in renewable energies and hydrogen are growing rapidly.
He will succeed Olivier Mallet, who is leaving the company after more than 10 years as Chief Financial Officer, member of the Management Board and then Deputy Chief Executive Officer. Olivier will have carried out many structuring projects for the Group in often difficult times and recently led the successful financial restructuring of Vallourec in 2021.
Philippe Guillemot, Chairman of the Board of Directors and Chief Executive Officer of Vallourec, said:
“Along with the entire Executive Committee, I would like to thank Olivier Mallet for his commitment during
of the last ten years in the service of the Group,
also for
his contribution to
I’
story
so rich
from Vallourec. I am delighted to welcome Sascha to the
of the group
and the Executive Committee.
His experience of more than 20 years in the energy sector and within large international groups will be decisive for
contribute
accelerate Vallourec’s transformation. In particular, he will play a key role in generating significant short-term improvements in profitability and cash flow.
»
Biography of
Sascha Bibert
From 2019 to 2021, Sascha Bibert held the position of Chief Financial Officer of Uniper. Together with the management team, he provided the company with a new strategy focused on accelerating the energy transition, while capitalizing on the opportunities offered by the current market cycle. Sascha has particularly developed internal and external reporting, thus ensuring that the execution of the strategy, including the allocation of capital, is well aligned with the information provided to the main stakeholders.
Previously, he worked as Chief Financial Officer of EnerjiSA in Turkey for 5 years, supporting the strong growth of the company in a very volatile environment, then listing the company on the stock exchange following its split into two entities.
From 2009 to 2014, Sascha held various management positions within the E.ON group, notably as SVP in charge of group accounting and management control and head of investor relations. In parallel, he also served on the board of directors of Energy from Waste, a company managed by the private equity group EQT.
He began his career as an equity portfolio manager and buy-side analyst, working for 5 years for Allianz Global Investors, then for 3 years as Head of Investor Relations and Rating Agencies at Munich Re. .
Aged 46, Sascha is a graduate of the International School of Management and holds the titles of CFA (Chartered Financial Analyst) and CCrA (Certified Credit Analyst).
About Vallourec
A world leader in its markets, Vallourec provides leading tubular solutions for the energy sectors and for other of the most demanding applications: from oil and gas wells in extreme conditions to the latest generation power plants, including by bold architectural projects and high-performance mechanical equipment. True to its pioneering spirit and backed by cutting-edge R&D, Vallourec continues to push back technological frontiers. Established in some twenty countries, as close as possible to its customers, the Group brings together nearly 17,000 passionate and committed employees who offer much more than tubes: they offer ever more innovative, reliable and competitive solutions, to make all possible projects.
Listed on Euronext in Paris (ISIN code: FR0013506730, Ticker VK), Vallourec is part of the CAC Mid 60, SBF 120 and Next 150 indices and is eligible for the Deferred Settlement Service (SRD).
In the United States, Vallourec has set up a level 1 sponsored American Depositary Receipt (ADR) program (ISIN code: US92023R4074, Ticker: VLOWY). The parity between the ADR and the ordinary Vallourec share is 5 to 1.
For more information, please contact:
Enclosed
PR Vallourec_Nomination_S. Bibert_15042022_VF