The Supervisory Board of Vallourec decided to submit to the vote of the Shareholders’ Meeting on 23rd May 2019 for the renewal of the terms of Ms. Maria Pilar Albiac-Murillo, Mr. Philippe Altuzarra, and Ms. Pascale Chargrasse, which are expiring, for a new four-year period.
The Supervisory Board also decided to co-opt Ms. Corinne de Bilbao as a Supervisory Board member to replace Mr. José Carlos Grubisich, who resigned. The ratification of Ms. Corinne de Bilbao’s appointment will be proposed to the Shareholders’ Meeting.
Ms. de Bilbao is President & CEO of GE France since March 2016. In this strategic position, her mission is to support the development of GE’s business in France and the transformation of the company. Prior to taking over the management of GE France, she held the position of Vice President of Sales, Subsea Division of GE Oil & Gas, in charge of the global development of the division’s activities, particularly in Africa and Latin America.
The Supervisory Board considered that Corinne de Bilbao must be qualified as an independent member.