Bouygues Offshore Announces Management Changes.Business Editors MONTIGNY-LE-BRETONNEUX, France--(BUSINESS WIRE)--Oct. 29, 2001 Herve Le Bouc will now serve as Chairman of Bouygues Offshore (NYSE NYSE See: New York Stock Exchange :BWG BWG Bankwesengesetz (Federal Law on Banking, Austria) BWG Beam Waveguide (antenna) BWG Bundesamt für Wasser und Geologie (Federal Office for Water and Geology, Switzerland) ) (PARIS Paris, in Greek mythology Paris or Alexander, in Greek mythology, son of Priam and Hecuba and brother of Hector. Because it was prophesied that he would cause the destruction of Troy, Paris was abandoned on Mt. :BOS.) and ETDE ETDE Energy Technology Data Exchange (Bouygues Construction's electrical contracting and networks subsidiary) while Jacques Leost will become CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. of Bouygues Offshore. Herve Le Bouc, 49 years old, was Chairman and CEO of Bouygues Offshore since 1999. Previously Herve Le Bouc was CEO from 1996 to 1999, COO from 1994 to 1996 and Vice President Europe -Middle East - Pacific Area - Mexico from 1989 to 1994. Prior to joining the Company, Herve Le Bouc served as Special Director to the President of Screg from 1985 to 1989. Jacques Leost, 49 years old, was Managing Director and COO of the Bouygues Offshore since 2000. Previously Jacques Leost was COO from 1996 to 2000, Vice President Africa - North Sea - Mexico from 1993 to 1996 and Manager of Nigerian Operations from 1989 to 1993. Jacques Leost also served as Managing Director of the Company's subsidiary Solbos from 1984 to 1989, as Managing Director of the Company's Angolan subsidiary Petromar from 1984 to 1988 and as project Director, site Director and project engineer from 1976 to 1984. In keeping with new legislation that calls for the separation of corporate powers, this new organization will be proposed to the Board of Directors and become official once Bouygues Offshore's bylaws The rules and regulations enacted by an association or a corporation to provide a framework for its operation and management. Bylaws may specify the qualifications, rights, and liabilities of membership, and the powers, duties, and grounds for the dissolution of an are modified at the Annual Shareholders' Meeting shareholders' meeting n. a meeting, usually annual, of all shareholders of a corporation (although in large corporations only a small percentage attend) to elect the Board of Directors and hear reports on the company's business situation. scheduled for April 2002. From design engineering to start-up and maintenance, Bouygues Offshore provides its customers with turnkey projects in offshore-onshore oil and gas contracting, liquefied gases, maritime and river works and chemicals-refining/energy-industry. Driven by a strong commitment to the energy industry, an on-the-spot presence and a team of talented professionals, we deliver solutions that are safe, innovative and promote the success of our clients and our Company. Further information on the company can be found on line at www.bouygues-offshore.com. |
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