Petrofac Limited Announces Board Changes

Petrofac Limited announced that Non-executive Directors Ayman Asfari and Francesca Di Carlo have stepped down from their positions as of July 31, 2024. Ayman Asfari co-founded Petrofac International in 1991 and has served as a Non-executive Director since his retirement as Group Chief Executive at the end of 2020. He played a key role in the company's public listing in 2005 and its growth as a leading service provider to the energy industry.

Petrofac Chair René Médori expressed gratitude for Asfari's contributions over more than three decades. Francesca Di Carlo, who joined the board in 2019, was also acknowledged for her efforts in enhancing the company's governance and ethics regimes.

With these changes, responsibilities in the board committees have been reassigned as follows: René Médori chairs the Nominations Committee, David Davies leads the Audit Committee, Sara Akbar oversees the Compliance & Ethics Committee, Matthias Bichsel chairs the Remuneration Committee, and Aidan de Brunner heads the Special Committee.