Posted by OilVoice Press - OilVoice
Luxembourg - 15 March 2018 - Subsea 7 S.A. (Oslo Børs: SUBC, ADR: SUBCY) today announces the following changes to the membership of the Board of Directors, with new appointments being subject to approval at the AGM on 17 April 2018: Sir Peter Mason, currently Senior Independent Director and Chair of the Corporate Governance and Nominations Committee, will not be standing forre-election at the AGM. Mr Robert Long, currently a member of the Audit and Compensation Committees, will be retiring from his Directorship effective 17 April 2018.The Board would like to thank Sir Peter Mason and Mr Robert Long for their long-service and valuable contributions to the Company over many years.The Board of Directors proposes Mr David Mullen and Mr Niels Kirk for election as independent Non-Executive Directors at the AGM. Biographical details for Mr Mullen and Mr Kirk are included in the published AGM materials.The Board will elect a new Senior Independent Director and Committee members at the next meeting of the Board, in May.The Board proposes Mr Jean Cahuzac and Mr Eystein Eriksrud be re-elected as Directors of the Company at the AGM.
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