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TechnipFMC Appoints Robert G. Gwin to its Board of Directors
Rhea-AI Impact
(Low)
Rhea-AI Sentiment
(Very Positive)
Tags
management
Rhea-AI Summary
TechnipFMC (NYSE: FTI) has appointed Robert G. Gwin, former President of Anadarko Petroleum, to its Board of Directors effective February 1, 2023. This follows the retirement of Peter Mellbye, who will not seek re-election at the next annual meeting. Doug Pferdehirt, CEO, praised Mellbye’s contributions since 2013 and expressed enthusiasm for Gwin’s extensive experience in finance and operations, which strengthens the Board’s capabilities. Gwin has over 30 years of industry experience and has held significant leadership roles, including serving as CFO at Anadarko until its acquisition in 2019.
Positive
Appointment of Robert G. Gwin enhances the Board's industry expertise.
Gwin's extensive experience in finance and operations is expected to strengthen strategic decision-making.
Negative
Peter Mellbye's retirement may create a gap in continuity and experience on the Board.
NEWCASTLE & HOUSTON--(BUSINESS WIRE)--
TechnipFMC (NYSE: FTI) (the “Company”) today announced that Robert G. Gwin, former President of Anadarko Petroleum Corporation, has been appointed to its Board of Directors, effective February 1, 2023. The Company also announced that Peter Mellbye will retire from the Board and will not stand for re-election at the Company’s next annual general meeting.
Doug Pferdehirt, Chair and CEO of TechnipFMC, stated: “Since joining the Board in 2013, Peter has been a tremendous leader, partner and contributor. We have greatly benefitted from his leadership during the evolution of our company and wish him well in his retirement.” Mr. Pferdehirt continued, “I am delighted to welcome Bob to the Board. He is a proven board member and global business leader, who has tremendous knowledge of our industry and company. He has spent over 30 years working in numerous areas of finance and operations and brings extensive strategic thinking and financial acumen to our Board. Bob brings a skillset that strengthens our Board of Directors and complements its capabilities.”
About Robert G. Gwin
Mr. Gwin was President of Anadarko Petroleum Corporation (“Anadarko”), one of the world’s largest independent oil and natural gas exploration and production companies, until its acquisition by Occidental Petroleum Corporation in August 2019. He served as Executive Vice President, Finance and Chief Financial Officer of Anadarko from 2009 to 2018. Mr. Gwin is currently a director of Pembina Pipeline Corporation and Crescent Energy Company. He previously served as a director of LyondellBasell Industries N.V. from 2011 to 2018, including serving as its Chairman from 2013 to 2018, and as a director of Enable Midstream Partners, LP from 2020 through 2021, including serving as its Chairman. He also previously was a director of both Western Gas Partners, LP, and its general partner Western Gas Equity Partners, LP from 2007 to 2019, including serving as the Chairman of both entities from 2009 to 2018. He holds a Bachelor of Science degree from the University of Southern California and a Master of Business Administration degree from the Fuqua School of Business at Duke University. He also earned the Chartered Financial Analyst (CFA) designation from the CFA Institute.
About TechnipFMC
TechnipFMC is a leading technology provider to the traditional and new energy industries, delivering fully integrated projects, products, and services.
With our proprietary technologies and comprehensive solutions, we are transforming our clients’ project economics, helping them unlock new possibilities to develop energy resources while reducing carbon intensity and supporting their energy transition ambitions.
Organized in two business segments — Subsea and Surface Technologies — we will continue to advance the industry with our pioneering integrated ecosystems (such as iEPCI™, iFEED™ and iComplete™), technology leadership and digital innovation.
Each of our approximately 20,000 employees is driven by a commitment to our clients’ success, and a culture of strong execution, purposeful innovation, and challenging industry conventions.
TechnipFMC utilizes its website as a channel of distribution of material company information. To learn more about how we are driving change in the industry, go to www.TechnipFMC.com and follow us on Twitter @TechnipFMC.
Who is Robert G. Gwin and what is his role at TechnipFMC?
Robert G. Gwin is the newly appointed Board member at TechnipFMC, effective February 1, 2023, bringing over 30 years of experience in finance and operations.
Why is Peter Mellbye retiring from the TechnipFMC Board?
Peter Mellbye is retiring and will not stand for re-election at the next annual meeting to allow for new leadership.
What impact will the new Board appointment have on TechnipFMC's strategy?
Robert G. Gwin's appointment is expected to enhance TechnipFMC's strategic direction due to his extensive industry knowledge.
When did Robert G. Gwin join the TechnipFMC Board?
Robert G. Gwin joined the TechnipFMC Board on February 1, 2023.
