SENIOR MANAGEMENT STRUCTURE REVISED AND SIMPLIFIED
SCHIEDAM, Netherlands, Dec. 3, 2013 (GLOBE NEWSWIRE) -- In order to facilitate
strategic decision-making and further management efficiency SBM Offshore
announces that it has reduced the top of its governance structure from three
layers, comprising of the Supervisory Board, Management Board and Board of
Management, to two by removing the Board of Management. The Management Board
(comprised of the CEO, CFO and CGCO) and the SBM Offshore business model
A new position of 'Group Executive Managing Director' has been created
reporting to the CEO with Bernard van Leggelo, formerly Managing Director of
the SBM Houston Execution Centre, having been appointed to this new role with
immediate effect. He will focus on the execution of the Company's operational
strategy and long-term planning.
A broad portfolio of responsibilities is assigned to the Managing Directors
responsible for the performance of their Execution Centre. With immediate
effect, all Managing Directors will report directly to the CEO and have a
functional reporting line to the new Group Executive Managing Director.
Furthermore, the position of Chief Technology Officer has been retitled 'Group
Technology Director' to reflect the structural reform.Michael Wyllie will
continue in that role with unchanged responsibilities.
Bruno Chabas, CEO, SBM Offshore said:
"I am pleased to announce a further evolution of our management structure. Our
successes thus far in 2013 are showing the merits of our organizational model,
and these adjustments will facilitate faster decision-making.Our focus
continues to be on flawless execution of projects and attaining the highest
levels of client satisfaction.We all welcome Bernard van Leggelo to the new
position of Group Executive Managing Director, a role in which he can bring to
bear his considerable experience of delivering for SBM's clients."
Bernard Van Leggelo has been with SBM since 1995 and in his current role as
Managing Director of the SBM Houston Execution Centre since 2007. Mr. van
Leggelo has an MS in Ocean Engineering from the University of Connecticut,
USA, and a BS in Mechanical and Electrical Engineering from Ecole Centrale,
Brussels, Belgium. He will relocate to Monaco to take up his new role.
SBM Offshore N.V. is a listed holding company that is headquartered in
Schiedam. It holds direct and indirect interests in other companies that
collectively with SBM Offshore N.V. form the SBM Offshore group ("the
SBM Offshore provides floating production solutions to the offshore energy
industry, over the full product life-cycle. The Company is market leading in
leased floating production systems with multiple units currently in operation,
and has unrivalled operational experience in this field. The Company's main
activities are the design, supply, installation, operation and the life
extension of Floating Production, Storage and Offloading (FPSO) vessels. These
are either owned and operated by SBM Offshore and leased to its clients or
supplied on a turnkey sale basis.
Group companies employ over 9,600 people worldwide, who are spread over five
execution centers, eleven operational shore bases, several construction yards
and the offshore fleet of vessels. Please visit our website at
The companies in which SBM Offshore N.V. directly and indirectly owns
investments are separate entities. In this communication "SBM Offshore" is
sometimes used for convenience where references are made to SBM Offshore N.V.
and its subsidiaries in general, or where no useful purpose is served by
identifying the particular company or companies.
Schiedam, December 3, 2013
For further information, please contact:
Nicolas D. Robert
Head of Investor Relations
Telephone: +377 92 05 18 98
Mobile: +33 (0) 6 40 62 44 79
Group Communications Director
Telephone: +377 92 05 30 83
Mobile: +33 (0) 6 80 86 36 91
Some of the statements contained in this release that are not historical facts
are statements of future expectations and other forward-looking statements
based on management's current views and assumptions and involve known and
unknown risks and uncertainties that could cause actual results, performance,
or events to differ materially from those in such statements. Such
forward-looking statements are subject to various risks and uncertainties,
which may cause actual results and performance of the Company's business to
differ materially and adversely from the forward-looking statements. Certain
such forward-looking statements can be identified by the use of
forward-looking terminology such as "believes", "may", "will", "should",
"would be", "expects" or "anticipates" or similar expressions, or the negative
thereof, or other variations thereof, or comparable terminology, or by
discussions of strategy, plans, or intentions. Should one or more of these
risks or uncertainties materialize, or should underlying assumptions prove
incorrect, actual results may vary materially from those described in this
release as anticipated, believed, or expected. SBM Offshore NV does not
intend, and does not assume any obligation, to update any industry information
or forward-looking statements set forth in this release to reflect subsequent
events or circumstances.
To see the complete version of this press release, please click on the link
SBM Offshore Press Release http://hugin.info/130754/R/1747453/588357.pdf
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