Technip Expands its Board of Directors (France)

Technip’s Annual General Meeting of Shareholders, held on April 28, 2011, ratified the cooption of Marie-Ange Debon(1), which was announced in 2010. In addition, the Annual General Meeting approved the nomination of two new female directors, C. Maury Devine(2) and Leticia Costa(3), thus bringing the percentage of women on the company’s Board of Directors to 27% (3 out of 11).

These nominations satisfy the legal objective for French companies of 20% by 2014. They are also part of a wider aim to renew and diversify the composition of the Board, which now includes American and Brazilian members who have an in depth understanding of the Group’s major clients and markets such as North America, the North Sea and Brazil.

(1) Marie-Ange Debon is General Secretary of the Suez Environnement Group and is a member of the College de l’Autorité des Marchés Financiers (the French Financial Market Authority). Prior to joining Suez Environnement in 2008, Ms. Debon has served in various positions in both the public and private sectors. In November 1998, Ms. Debon joined Thomson as Deputy Chief Financial Officer and later served as General Secretary responsible for Legal, Insurance, Real Estate and Corporate Communications from 2003-2008. Marie-Ange Debon is a graduate of HEC, ENA and has a Master’s Degree in Law.

(2) C. Maury Devine is a member of the Board of Directors of FMC Technologies (NYSE: FTI) and John Bean Technologies (NYSE: JBT). She serves on the Audit Committee and Nominating and Governance Committee of both companies. She is a member of the Council on Foreign Relations and is a member of the independent Nominating and Governance Committee of Petroleum Geo Services. She served as Vice-Chairman of the Board of Det Norske Veritas (DNV) from 2000 to 2010, and was a fellow at Harvard University’s Belfer Center for Science and International Affairs between 2000 and 2003. C. Maury Devine also held various positions in ExxonMobil Corporation between 1987 and 2000, notably President and Managing Director of ExxonMobil’s Norwegian affiliate from 1996 to 2000 and Secretary of Mobil Corporation from 1994 to 1996. From 1972 to 1987, she held various assignments in the US government notably in the US Department of Justice, the White House and the Drug Enforcement Administration. C. Maury Devine is a graduate of Middlebury College, the University of Maryland and Harvard University (Masters of Public Administration).

(3) Since 2010 Leticia Costa has been a partner in Prada Assessoria and Coordinator for the Center of Strategy Research at Insper. In January 2011, she became a Director of the Automotive Engineers Association in Brazil (AEA). She currently serves as board member of FAMA, a private equity fund in Brazil, of Localiza, the largest car rental company also in Brazil and of Sadia, a food manufacturer. In 1986, she joined Booz & Company (formerly Booz Allen Hamilton) and in 1994, became a Vice President and in 2001 was appointed President of the operations in Brazil. She also served the firm’s Board of Directors. At Booz & Company, Leticia Costa completed a wide range of assignments in Europe and Latin America, and also conducted studies in North America and Asia. Prior to joining Booz & Company, she worked from 1982 to 1984 as a systems analyst for Indústrias Villares S.A. Leticia Costa is a graduate of Cornell University and of Escola Politécnica of the University of São Paulo.

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Source: technip, April 29, 2011;