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Patrick Pouyanné proposed for a new mandate at the head of TotalEnergies

Will Patrick Pouyanné's mandate at the head of TotalEnergies be extended? In any case, this is the unanimous wish of the Board of Directors of the oil group, which considers that the manager must “continue the deployment of (his) balanced multi-energy strategy implemented by the company at view of the evolution of the oil, gas and electricity markets, at the head of the company.

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Patrick Pouyanné proposed for a new mandate at the head of TotalEnergies

Will Patrick Pouyanné's mandate at the head of TotalEnergies be extended? In any case, this is the unanimous wish of the Board of Directors of the oil group, which considers that the manager must “continue the deployment of (his) balanced multi-energy strategy implemented by the company at view of the evolution of the oil, gas and electricity markets, at the head of the company. Its renewal will therefore be proposed to the General Assembly in May 2024.

Also read: TotalEnergies continues its investments in gas

“For ten years, Patrick (Pouyanné) has done an excellent job of steering TotalEnergies in a complex environment, delivering extremely solid financial results, and engaging the Company in the energy transition more quickly and resolutely than its peers,” underlines in particular in a communicated the Board of Directors. “The company displays a very solid balance sheet at the end of 2022 and is in a position to both implement its transition strategy and guarantee an attractive shareholder return policy,” the group further justifies.

“The unanimous Board of Directors is counting on his leadership and strategic vision to continue the transition of TotalEnergies,” he said. Aged 60, Patrick Pouyanné joined Total in January 1997 within the strategic Exploration-Production division, as general secretary in Angola. Patrick Pouyanné was officially appointed CEO on December 19, 2015 for a first three-year term. The company's statutes provide that the age limit of the general director is set at 67 years and that of the president at 70 years.

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