Governance: Changes to CGG Board of Directors
PARIS, April 7, 2014 (GLOBE NEWSWIRE) --
CGG's Board of Directors met on 26th March at the request of its Chairman, Robert Brunck.
As Robert Brunck will soon reach the age limit set by the Company's articles of association for the Chairman of the Board, CGG's Board of Directors has unanimously decided to appoint Rémi Dorval, currently a Director of the company, to succeed him as Chairman of the CGG Board of Directors. This decision will take effect at the end of the next Annual Shareholders' Meeting which is due to be held on 4 June, subject to the renewal of Rémi Dorval's term of office by this Shareholders' Meeting.
During the same Board Meeting, CGG's Board of Directors renewed for a period of three years Jean-Georges Malcor's term of office as Chief Executive Officer, which expires on 4 June, so that he can implement CGG's performance and strategic repositioning plan.
CGG ( www.cgg.com ) is a fully integrated Geoscience company providing leading geological, geophysical and reservoir capabilities to its broad base of customers primarily from the global oil and gas industry. Through its three complementary business divisions of Equipment, Acquisition and Geology, Geophysics & Reservoir (GGR), CGG brings value across all aspects of natural resource exploration and exploitation. CGG employs over 9,800 people around the world, all with a Passion for Geoscience and working together to deliver the best solutions to its customers.
CGG is listed on the Euronext Paris SA (ISIN: 0000120164) and the New York Stock Exchange (in the form of American Depositary Shares. NYSE: CGG).
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Press Release - pdf version http://hugin.info/142000/R/1774703/605027.pdf