Vallourec announces changes to its Executive Committee to accelerate the implementation of its New Vallourec plan
Meudon (France), September 5, 202 3
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In order to accelerate the implementation of Vallourec’s turnaround as part of its New Vallourec plan, the Group announces the following changes within its Executive Committee as of September 5, 2023:
Bertrand Frischman
until then Director of the North America region, has been appointed Director of Americas Operations (COO), whose scope will cover the North America region and the South America region.
Bertrand Frischman n
was also appointed interim Director of the South America region, replacing Pierre d’Archemont.
Jacky Massaglia
previously Business Line Project Director Line Pipe and Process has been appointed Director of the North America region, replacing Bertrand Frischmann and will report to the latter in his role as Director of Americas Operations.
Bert r and de Rotalier
Until then Sales Director OCTG Europe and Africa has been appointed Business Line Project Line Pipe and Process Director, replacing Jacky Massaglia. Bertrand de Rotalier joins the Executive Committee.
Vallourec’s Executive Committee comprises 11 members under the leadership of Philippe Guillemot, Chairman and Chief Executive Officer.
Philippe Guillemot would like to thank Pierre d’Archemont for his contribution to the South America region.
About Vallourec
A world leader in its markets, Vallourec provides premium tubular solutions for the energy sectors and for other of the most demanding industrial 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 more than 20 countries and employing nearly 16,000 passionate and committed employees, Vallourec works together with its customers to offer much more than just tubes: the group offers intelligent, innovative, reliable and competitive tubular solutions to make possible all 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.
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.
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Press Release September 5_FR_FINAL