VALLOUREC : VALLOUREC : Vallourec announces the appointment of Vivienne Cox as Chairman of its Supervisory Board

VALLOUREC : VALLOUREC : Vallourec announces the appointment of Vivienne Cox as
                      Chairman of its Supervisory Board

                                Press Release

                    Vallourec announces the appointment of

              Vivienne Cox as Chairman of its Supervisory Board


  oEnd of the term of office of Mr Jean-Paul Parayre, Chairman since 2000
  oAppointment of Ms Vivienne Cox, Supervisory Board member since 2010


Boulogne-Billancourt, 17 April  2013 - At  its meeting on  27 March 2013,  the 
Vallourec Supervisory Board  appointed Ms  Vivienne Cox as  its Chairman  with 
effect from the close of the Annual  Shareholders' Meeting on 30 May next.  Ms 
Cox will succeed Mr Jean-Paul  Parayre, whose term of  office will end at  the 
close of the Meeting. Mr Parayre,  who joined the Vallourec Supervisory  Board 
in 1989, has been its Chairman since 2000.

The Supervisory Board and the Management Board expressed their gratitude to Mr
Parayre for his decisive contribution  to the development of Vallourec.  Under 
his  chairmanship,  Vallourec  pursued   an  ambitious  international   growth 
strategy, which led it to become a technology leader able to serve clients all
over the world in the growing oil  and gas markets. This strategy resulted  in 
an exceptional  value creation  for  the Group  and its  shareholders,  whilst 
enabling Vallourec to maintain its independence.

Jean-Paul Parayre said: "Vivienne  Cox has all the  qualities needed to  chair 
the Vallourec Supervisory Board: in addition to her industrial experience with
a major international oil company, she has held prominent executive posts  and 
has first-hand  experience of  dual management  structures in  several  listed 
companies. Since  joining  the  Vallourec Supervisory  Board  in  2010,  these 
qualities, combined with her  extensive knowledge of  the energy sector,  have 
enriched the work of the  Board and of the  Strategy Committee, which she  has 
chaired  since  2011.Her  experience  will  further  enhance  the  quality  of 
governance at Vallourec."

Vivienne Cox

A British national  and a  graduate of Oxford  University and  INSEAD, and  an 
Honorary Doctor  of the  University of  Hull, Vivienne  Cox spent  her  entire 
career with  the  BP Group,  which  she joined  in  1981. She  initially  held 
commercial positions with  BP Chemicals  and was  an analyst  with BP  Finance 
before running the  Commodity Derivatives  trading team. In  1993, she  became 
Chief Executive of BP's Benelux refining and supply organization before  being 
appointed Commercial Director of BP Central  and Eastern Europe in Vienna.  In 
1997, she became Chief Executive of Air BP, and then took on the management of
BP's supply and trading organization.
In 2004, Vivienne Cox became an Executive Vice President, in charge of one  of 
the three operating divisions, Gas, Power  and Renewables. From 2007 to  2009, 
she set  up and  ran BP  Alternative Energy.  Vivienne Cox  is a  director  of 
several companies  and  institutions  including Rio  Tinto,  Pearson,  BG  and 
INSEAD, and  currently  holds  various  positions on  behalf  of  the  British 
Government, including as a member of the Airports Commission and of the  Board 
of the  Department for  International Development.  Vivienne Cox  is a  French 


Vallourec is a world leader in premium tubular solutions primarily serving the
energy markets, as well as other industrial applications.

With over 23,000 employees, integrated manufacturing facilities, advanced  R&D 
and a  presence in  more than  20 countries,  Vallourec offers  its  customers 
innovative global  solutions  to  meet  the energy  challenges  of  the  21^st 

Listed on the NYSE Euronext in Paris (ISIN code: FR0000120354, Ticker VK)  and 
eligible for the Deferred  Settlement System (SRD),  Vallourec is included  in 
the following indices: MSCI World Index, Euronext 100 and CAC 40.

In the United States, Vallourec has  established a sponsored Level 1  American 
Depositary Receipt  (ADR) program  (ISIN code:  US92023R2094, Ticker:  VLOWY). 
Parity between ADR and a Vallourec ordinary share has been set at 5:1.


Press Relations

Caroline Philips

Tel.: +33 (0) 1 41 03 77 50


Investor Relations

Etienne Bertrand

Tel.: +33 (0) 1 49 09 35 58


170413_PR_Vallourec_Supervisory Board_(pdf)


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Source: VALLOUREC via Thomson Reuters ONE
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