At the extraordinary general meeting of shareholders of Technip-Coflexip held on 13 December 2001, shareholders decided to change the company’s corporate governance structure to a two-tiered structure with a management board (directoire) and a supervisory board (conseil de surveillance). Daniel Valot was appointed chairman of the Management Board, Pierre Marie Valentin of the Supervisory Board. The Boards of Coflexip and Isis also met to change the membership of their respective Boards of Directors owing to the successful offer on both made by Technip.
