Petrofac Appoints New CFO

Oilfield services company Petrofac Limited has appointed Alastair Cochran as the company’s new chief financial officer and executive director, succeeding Tim Weller.

Weller has now left Petrofac and stepped down from the board. The company also confirmed Friday that non-executive director Kathleen Hogenson will step down from the board with effect from 31 October 2016 and that Jane Sadowsky will join the board as a non-executive Director on 1 November 2016.   

"I would like to record the board's appreciation for Kathleen's contribution to the board and wish her well for the future. It also gives me great pleasure to welcome Jane to our board, and we very much look forward to the contribution that her strategic perspective and expertise in capital structure and financing will make in our boardroom,” said Rijnhard van Tets, Petrofac's chairman.


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