Total's CEO Patrick Pouyanné has been elected chairman of the board.
He succeeds Thierry Desmarest, whose term as chairman of the board expires on 18 December due to age limits in Total's bylaws. Desmarest will remain a director until the annual shareholders’ Meeting on 24 May 2016.
A new position of lead independent director has also been created to oversee the efficient running of the company’s governance structure. Patricia Barbizet, an independent director since 2008, has been appointed to take this role.
In other changes Marie-Christine Coisne-Roquette, independent director since 2011, will now also chair the audit committee. Gérard Lamarche, independent director since 2012, will chair the compensation committee. These appointments will take effect on 19 December 2015.
Following the Board of Directors meeting, Mr. Desmarest said, "The Group is in good hands. Patrick Pouyanné will provide the leadership required in an environment demanding discipline and innovation. I know that he will drive Total with determination on the path to sustainable growth."
Pouyanné said: "On behalf of all directors, all of Total’s staff and personally, I would like to express our deepest respect and gratitude to Thierry Desmarest for his unwavering commitment and service to Total. I have found his support and advice invaluable in ensuring the transition of the Group’s management, the Board and its committees. Today’s decisions are fully aligned with the company’s commitment to uphold the highest standards of governance."
As of 19 December, the members of Total’s board are:
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