January 10, 2019 / 7:32 AM / a month ago

Oil services group TechnipFMC names new chairman

PARIS (Reuters) - Oil services group TechnipFMC said on Thursday Doug Pferdehirt would replace Thierry Pilenko as its executive chairman, following Pilenko’s imminent retirement.

Pilenko was one of the key directors behind the 2016 merger between French company Technip and U.S. rival FMC, as a drop in oil prices spurred consolidation within the oil services sector.

Reporting by Sudip Kar-Gupta; Editing by Mark Potter

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