Total is changing things up by restructuring its exploration and production branch into five geographical divisions, an exploration division and five functional divisions.
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Image from Total. |
Changes and new appointments will become effective 1 January 2015.
The five geographical divisions will focus on Africa; the Americas; Asia Pacific; Europe and Central Asia; and the Middle East and North Africa.
“These changes are made with the objective to improve efficiency and adapt to the challenges the Group is facing,” says Arnaud Breuillac, president exploration & production.
The new organization is as follows:
Ladislas Paszkiewicz, currently vice president of Americas division, will be appointed senior vice president mergers & acquisitions in the finance division.
These changes come less than two months after Total’s board of directors appointed Patrick Pouyanné as its new CEO and president, following the tragic and sudden death of Christophe de Margerie. Pouyanné was formerly Total’s president of refining and chemicals and a member of the executive committee.
In September, Total said it expected its production to grow to about 2.8MMboe/d in 2017, as 15 major projects start-up in the period from now. The company also said strict capital discipline will also be key. Total will be selling an additional US$10 billion of assets in 2015-17, on top of $15-20 billion due to have been sold off in 2012-14.
De Margerie died in a plane crash at Moscow's Vnukovo Airport on 20 October. The 63-year-old was on a Dassauly Aviation SA Falcon business jet, which was bound for Paris, when it crashed into a snowplow late.
De Margerie's career spanned 40 years, beginning in Total's finance unit. He joined Total in 1974 and later rose to CEO in 2007, and chairman in 2010.
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