CGGVeritas announced today that Jean-Georges Malcor, currently Senior Vice President at Thales, will join CGGVeritas on January 1, 2010. In connection with this appointment, it is planned that CGGVeritas will separate the Chairman of the Board and Chief Executive Officer functions on July 1, 2010, at which date Jean-Georges Malcor will become Chief Executive Officer of CGGVeritas and Robert Brunck will continue on as Chairman of the Board.
Jean-Georges Malcor will use the first months following his arrival to meet with various clients and CGGVeritas teams while working closely with the Executive Committee, Robert Brunck and the Board.
Thierry Le Roux, member of the Executive Committee, is appointed as Advisor to Robert Brunck and Jean-Georges Malcor. He also has the responsibility at the Group’s level for business development and technology.
Robert Brunck, Chairman and Chief Executive Officer of CGGVeritas, commented, "Over the past years CGGVeritas grew to become a leader in geophysical equipment and services. In the recent downturn we responded with vigour and efficiency so that today, through increased financial discipline and insightful management of our capacities, we have reinforced our position as the world leader in high-end seismic equipment and services.
"It is now time to prepare CGGVeritas to move on to the next step while taking full advantage of our leading global footprint, technological strength and well-balanced portfolio. I am delighted by the arrival of Jean-Georges and the prospect of working with him to put our strategy into action.
"Jean-Georges has considerable experience in high-end technology, built up over twenty years, both in France and internationally. His abilities, his indisputable know-how and his strong managerial and personal skills make him the ideal candidate to carry out the future development of CGGVeritas."
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