New management appointment

Petrofac today announces it has appointed John Pearson to the new role of Chief Corporate Development Officer and Group Managing Director, Western Hemisphere, with immediate effect.

John will report to Group Chief Executive Ayman Asfari. As Chief Corporate Development Officer, he will assist in further strengthening key relationships with International and Independent Oil Company clients globally, as well as leading the implementation and development of the Group’s strategy. He will also manage the growth of our reimbursable business, Engineering and Production Services in the Western Hemisphere through leading geographic and service line expansion, and exploring longer-term growth opportunities.

John joins following a 28-year career with AMEC Foster Wheeler, during which he has held several positions including President, Global Oil, Gas & Chemicals and multi-market roles running the Americas region and the Northern Europe & CIS region.  Most recently, John had responsibility for the development of AMEC Foster Wheeler’s global Oil, Gas and Chemicals strategy, and was heavily involved in the development of the company’s new operating model.  John is also a past Co-Chair of Oil & Gas UK, the operator and contractor trade association.

Ayman Asfari said: “I am delighted that John is joining us in this new role that has been created to give dedicated leadership commitment to the continued evolution of our offering. John’s fresh perspective, proven leadership pedigree and experience of the European and Americas markets will help us capitalise on the exciting opportunities we see for organic growth in complementary areas and adjacent markets. With John and the rest of the senior management team I look forward to creating shareholder value from these opportunities.”

John said: “I am truly excited to be joining Petrofac, whose agility and innovation in adapting to new market conditions I have always admired. There is more to be gained now, by the energy supply chain adapting rapidly to the new market realities we and our clients face, than at any point in the last 30 years. I look forward to working with Ayman and the team in continuing to transform our offer for our clients and to deliver shareholder value.”

Group Managing Director Craig Muir will focus on delivering the strategic organic expansion of Petrofac’s EPS business in the Eastern Hemisphere.