Petrofac CEO to retire after 30 years | Financial Times:
Ayman Asfari, the longstanding chief executive of Petrofac, is to step down after almost three decades at the oilfield services company, which remains under investigation by the UK’s Serious Fraud Office.
He will be replaced by Sami Iskander, an Egyptian and French national and energy industry veteran of 30 years, who until last year was executive vice-president of Royal Dutch Shell’s upstream joint-ventures business.
Mr Asfari, 62, whose family owns nearly 19 per cent of Petrofac, will retire at the end of the year to focus on “family, health and charitable interests”, but will remain with the company as a non-executive director.
He joined Petrofac in 1991 when it was a US-based business and was charged with setting up an international division, which he later floated in London in 2005. The company now works on projects from large oil refineries in the Middle East to offshore wind farms in the North Sea.
No comments:
Post a Comment