Total appoints Patrick Pouyanné as new chief executive following de Margerie death

 
Joe Hall
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New Total CEO Patrick Pouyannewas previously head of refining and chemicals (Source: Getty)
Total has appointed Patrick Pouyanné as its new chief executive and Thierry Desmarest as chairman, following the death of Christophe de Margerie who had held both roles.
De Margerie was killed at Vnukovo Airport in Moscow on Monday night, when the private plane he was on collided with a snow plough.
Following a meeting this morning, the French oil company’s board has opted to split de Margerie’s two roles.
Desmarest, who was de Margerie’s predecessor as chairman, returns to the role he held for fifteen years between 1995 to 2010.
Pouyanné has been head of the company’s refining and chemicals unit since 2012. The 51-year-old joined the company in 1997, after serving as an official in France's industry ministry.
He will be expected to oversee a series of cost-cutting measures at the company as falling oil prices take their toll on profits.
France's biggest company reported full-year revenues of €189.5bn (£240.5bn) in 2013.

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