Annual Report 2010 - SBM Offshore

Report of the Board of Management
and operational procedures which are the basis of the
design and operation of the new leased units. These
Company standards have been fully endorsed by our
major clients and are frequently used on turnkey supply
contracts for units for sale. The integrated nature of the
Company’s activities and the related positive synergies
represent an important strength of the Company.
Company improvements
During the last two years, the Board of Management
has implemented a number of improvement initiatives
which partially resulted from lessons learned from
audits of major projects by external consultants. These
initiatives included more robust proposal procedures,
strengthened project control procedures, enhanced
risk management procedures and expanded internal
assurance activities. The Company revised its management
structure in 2009, and the organisation was
restructured accordingly into seven operating units with
a corporate support structure. These improvements are
starting to show positive results with improved margins
in the Turnkey Systems segment during 2010.
Members of the Board of
Management
At the start of the year 2010, Mr. Michael Wyllie was
appointed as Chief Technology Officer and Director of
the Board of Management of SBM Offshore N.V. Mr.
Wyllie is a British citizen and has 30 years experience
in the oil & gas business and joined the Company as
a senior process engineer in 1995. During his career
with the Company he has held positions of Engineering
Project Manager on several FPSO projects, Chief
Engineer and most recently Director of Marketing
and Sales for the Company. Mr. Wyllie is a graduate
Chemical Engineer from Herriot-Watt University in
Edinburgh.
At the end of the year 2010, Mr. Jean-Philippe Laurès
was appointed Chief Commercial Officer and a Director
in the Board of Management of SBM Offshore N.V. Mr.
Laurès has been an employee of the Company since
1990 and has performed senior management functions
within each of the Engineering, Project Management,
52 SBM Offshore – Annual Report 2010
Marketing & Sales and Fleet Operations activities. He
is a French citizen and has a PhD from Tufts University,
Massachusetts, USA.
In January of 2011, the Company also announced that
Mr. Bruno Chabas will be appointed as Chief Operating
Officer and a Director in the Board of Management of
SBM Offshore N.V. with effect from 1 May 2011, succeeding
Mr. Francis Blanchelande who is due to retire
in 2011. Mr. Chabas joins the Company from Acergy,
one of the leading oilfield service companies, where he
has held the position of COO for the past 8 years. He is
a French citizen and has an MBA from Babson College,
Massachusetts, USA.