Petrofac Ltd said it is replacing its chairman with current senior independent director René Médori as incumbent Rijnhard van Tets resigns.
Médori, who joined as a non-executive director in 2012, has recently relinquished his executive role as finance director of Anglo American plc.
Van Tets is stepping down after an 11-year tenure. He joined the Board in 2007, serving as a non-executive director prior to being appointed chairman in 2014.
“I am delighted that the board has been able to appoint an internal candidate of René’s calibre. His wide international experience and understanding of multi-national businesses, well-established governance knowledge, and understanding of the regulatory landscape, provides an important level of continuity,” said Van Tets.
Médori said: “On behalf of the board I would like to thank Rijnhard for his strong leadership and commitment to Petrofac. His experience through this time has been invaluable. I am delighted to be taking up the role of Chairman next year and excited about the prospect of working with the management team to take the business forward.”
The appointment of a new senior independent director will be announced in due course.