Acergy Appoints New Chief Executive Officer
Acergy S.A. announced that Mr. Jean P. Cahuzac will join Acergy as Chief Executive Officer with effect from April 14, 2008. Mr. Cahuzac will join the Board following the AGM on May 23, 2008, subject to shareholder approval.
Prior to joining Acergy, Jean gained over 29 years experience in the offshore industry, formerly with Schlumberger, and latterly at Transocean, where he held the positions of Chief Operating Officer and then President, prior to the recent merger with Global SantaFe.
Mark Woolveridge, Chairman, Acergy S.A. said, "We are delighted to have secured such a high-calibre appointment to lead Acergy. Jean has tremendous knowledge of our industry and a great breadth and depth of management experience coming from a best-in-class environment."
Jean Cahuzac said, "Acergy is well respected in the industry with a leading market position and strong growth prospects worldwide. I am looking forward to joining Acergy and having the opportunity to play a leading role in the next phase of the Group's continued growth and development."
Tom Ehret, Chief Executive Officer, Acergy S.A. said, "I am confident that Jean is the right person to lead Acergy and, with the support of his management team and the Board, he will succeed in delivering further growth and securing the future that Acergy richly deserves."
As announced in December last year Mr. Ehret will continue to work as an Executive Director during the handover period to Mr. Cahuzac and it is confirmed that he will take up the non-Executive Directorship on the Board with effect from 30 June 2008.
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