Total Chm: Confirms CEO de Margerie To Become Chairman, CEO
May 15 2009 - 5:09AM
Dow Jones News
Oil major Total SA's (TOT) Chairman Thierry Desmarest Friday
confirmed Chief Executive Christophe de Margerie is to replace him
and will hold both posts.
De Margerie will be a "very good" chairman and CEO, Desmarest
said in his opening remarkes at the company's annual general
meeting of shareholders.
Desmarest used to hold both positions himself, before making way
for de Margerie in 2007. He is set to step down as chairman in 2010
but no precise date has yet been set, a Total spokesman said.
Desmarest said he doesn't want to continue as chairman beyond
the age of 65.
-By Adam Mitchell, Dow Jones Newswires; +33 1 40171740;
adam.mitchell@dowjones.com