Appointment of Jérôme Serve as Group Chief Financial Officer (CFO)

Rhea-AI Summary

CGG has appointed Jérôme Serve as the new Group Chief Financial Officer, succeeding Yuri Baidoukov, who will leave the company by March 31, 2023, for family reasons. Sophie Zurquiyah, CEO of CGG, acknowledged Baidoukov's contributions over the past four and a half years, especially regarding the company's transformation and refinancing efforts. Jérôme Serve brings a wealth of experience, having previously served as CFO at Forvia/Faurecia and holding roles at TotalEnergies and Shell. His background in petroleum engineering and corporate finance positions him to support CGG's ongoing growth and leadership in Earth science and data science sectors.

Positive

• Jérôme Serve's extensive international experience and expertise may strengthen CGG's financial strategies.
• Serve's previous leadership roles suggest a potential for innovative growth in CGG's operations.

Negative

• The departure of Yuri Baidoukov could create short-term uncertainties during the CFO transition.

PARIS, France – March 2, 2023

CGG announced today the appointment of Jérôme Serve as Group Chief Financial Officer. Jérôme will succeed Yuri Baidoukov who is leaving the company for family reasons. The handover between Jérôme and Yuri will take place until Yuri’s departure on 31st March 2023.

Sophie ZURQUIYAH, CEO of CGG said: “I would like to thank Yuri for his steadfast loyalty and commitment to the Group over the last four and a half years. During this time, he played an essential role in the transformation and the development of the company, and its successful refinancing. I am delighted to now welcome Jérôme Serve as the new CFO, and I know I can count on his very solid international experience and on his expertise to continue to develop CGG's leadership.”

Since 2019, Jérôme was CFO of the Interiors division of Forvia/Faurecia, a leading automotive supplier that he co-piloted through a complex macro-economic environment while continuing to develop new growth areas in the company such as intelligent cockpit. Jérôme started his career in Research in the Petroleum Engineering department of Stanford University before joining TotalEnergies as a Reservoir Engineer in Abu Dhabi and the UK. He moved into Finance as part of the Oil & Gas Corporate Finance team of ABN Amro, and then joined the M&A and Financing team of Shell. In 2012, he became Group CFO of Butagaz where he was instrumental in turning around the historical LPG business and transforming the Group into a multi-energy distributor.

Jérôme graduated from Stanford University and from the l’ESCPI (Paris).

About CGG

CGG (www.cgg.com) is a global technology and HPC leader that provides data, products, services and solutions in Earth science, data science, sensing and monitoring. Our unique portfolio supports our clients in efficiently and responsibly solving complex digital, energy transition, natural resource, environmental, and infrastructure challenges for a more sustainable future. CGG employs around 3,400 people worldwide and is listed on the Euronext Paris SA (ISIN: 0013181864).

Contacts

Group Communications & Investor Relations Christophe Barnini Tel: + 33 1 64 47 38 11 E-Mail: christophe.barnini@cgg.com

 

Attachment

• Appointment of Jérôme Serve as CFO

FAQ

Who is the new CFO of CGG?

Jérôme Serve has been appointed as the new Group Chief Financial Officer of CGG.

Why did Yuri Baidoukov leave CGG?

Yuri Baidoukov is leaving CGG for family reasons.

When will Yuri Baidoukov officially depart from CGG?

Yuri Baidoukov will officially leave CGG on March 31, 2023.

What experience does Jérôme Serve bring to CGG?

Jérôme Serve has extensive experience including roles as CFO at Forvia/Faurecia and positions at TotalEnergies and Shell.

What impact might Jérôme Serve's appointment have on CGG?

His appointment could lead to strengthened financial strategies and innovation in CGG's growth areas.