Nicolas Malgrain appointed Executive Vice President of BOURBON and joins the Executive Committee of the group

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The Board of Directors, which met on November 4, 2014, decided, on the proposal of the Chief Executive Officer, to appoint Nicolas Malgrain Executive Vice President effective December 1, 2014. He will be in charge of Strategy, Finance, and Administration of the group. He will succeed Laurent Renard, who will retire effective December 31, 2014, on the Executive Committee.

«In the name of BOURBON’s employees, I would like to thank Laurent for his commitment and contribution during these past 11 years to the development of BOURBON, positioned today as one of the leading international service providers in the offshore oil services. I wish him the best in his future plans», said Christian Lefevre, Chief Executive Officer.

The Executive Committee of the Group will now be composed of Christian Lefevre, Chief Executive Officer, with Gael Bodénès, Nicolas Malgrain and Laurent Renard (until the end of his term) as Executive Vice Presidents.

Biography of Nicolas Malgrain

Nicolas Malgrain is an engineering graduate of the ENSEEIHT in 1992, alumnus of the IEP Paris and obtained an Executive MBA from HEC in 2005. He began his career at Deloitte Paris in 1993 before joining Deloitte Corporate Finance as manager in London in 1996 and then becoming Director of Deloitte Finance in France until early 2008. In 2008, he joined Geoservices (now Schlumberger), a technology company in the oil services industry operating in 52 countries with 7000 employees, as Vice-President Mergers & Acquisitions and member of the Executive Committee. In 2010, he was promoted to Vice-President M&A Integration, responsible for the integration and development of Geoservices business, within Schlumberger, until 2014. In February 2014, he joined BOURBON as Vice President Strategy.