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| Technip prepares the succession of its Chairman & CEO Technip's Board of Directors met on September 27, 2006 to plan its future composition as the terms of all its members expire at the close of the next Annual General Meeting to be held in April 2007. The Board will propose the election of new members in order to enhance its diversity while enlarging its competence. The Board will also propose a scheme for alternating rotation of Directors. Mr. Daniel Valot, the Chairman and CEO of Technip, who has been at the helm of the Group since 1999 and will approach the age of 63 when his current term ends, informed the Board that he will not seek a new term. He will thus step down from his functions as Chairman and CEO and retire at the close of the next Annual General Meeting in April 2007. The Board of Directors instructed the Nomination and Remuneration Committee to prepare the selection process for Mr. Valot's successor as Chairman and CEO. write your comments about the article :: © 2006 Construction News :: home page |