Report of Foreign Issuer (6-k)
March 23 2018 - 5:11PM
Edgar (US Regulatory)
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM
6-K
Report of
Foreign Private Issuer
Pursuant to Rule
13a-16
or
15d-16
of
the Securities Exchange Act of 1934
For the month of March 2018
CGG
Tour Maine Montparnasse - 33 Avenue du Maine BP 191 - 75755 PARIS CEDEX 15
(address of principal executive offices)
Indicate by check mark whether
the registrant files or will file annual reports under cover Form
20-F
or Form
40-F.
Form
20-F ☒ Form
40-F ☐
CGG announces the appointment of
Sophie Zurquiyah as Chief Executive Officer
& the cooptation of two new Board members
Paris, France March 23, 2018
Following the
press release from December 4, 2017 in which CGG announced the launch of a new CEO, to replace Mr Jean-Georges Malcor, who has decided not to pursue his mandate once the restructuring process is completed; the Board of Directors, after its
March 23 meeting, announces the appointment of Mrs
Sophie Zurquiyah
as CEO. This nomination should be effective at the end of the annual general meeting to be held on April 26, 2018.
Announcing this appointment, CGG Chairman Mr Rémi Dorval said
With the appointment of Sophie as Chief Executive Officer and the recent
cooptation of new Directors, the Board has now completed the process of renewing its governance. The Board is convinced that with Sophie, CGG will get a CEO with a strong knowledge of the company and the industry that will be able to lead the CGG
Group successfully for years to come. Sophie will take office at the end of the next general meeting on April 26. Until then, the Group remains managed by Jean-Georges. The Board would like to take now this opportunity to thank Jean-Georges for his
exceptional leadership at CGG and his outstanding contribution during the financial restructuring of the company.
Sophie Zurquiyah
was
previously Chief Operating Officer (COO) and Senior Executive Vice President in charge of the GGR segment, Technology and Global Operational Excellence. She joined CGG in 2013 after 22 years in the oilfield services industry, working for
Schlumberger in global executive positions ranging from business, operations, functional to technology, based in France, the United States and Brazil. She is a graduate from
École Centrale de Paris
, holds a master in Numerical analysis
from the University of Paris VI (UPMC) and a master in Aerospace engineering from the University of Colorado.
The CGG Board also announces:
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The cooptation of
Mrs Helen Lee Bouygues
to replace BPI France Participations, resigning from its Board position, for the remainder of its term, i.e. until the general meeting called to approve the financial
statements for the fiscal year ending December 31, 2020.
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The cooptation of
Mrs.
Heidi Petersen
to replace Mr Didier Houssin, resigning from his Board position, for the remainder of his term, i.e. until the general meeting called to approve the
financial statements for the fiscal year ending December 31, 2020.
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Helen Lee Bouygues
received her Bachelor of Arts, magna cum
laude, from Princeton University in Political Science and an MBA from Harvard Business School. She started at J.P. Morgan in the M&A group. Later, she joined Pathnet as CFO, and Cogent Communications as Director. She became a Partner at
Alvarez & Marsal Paris, where she left in 2010 to launch her own consulting firm. In 2014, she integrated her team at McKinsey where she was Partner responsible for the division Recovery and Transformation. Since June 2017, she has been
President of HLB Partners, a consulting firm.
Heidi Petersen
is a graduate from the Norwegian College of Physical education and holds an M.Sc.
from the University of Trondheim, in Chemistry and Mathematics. She is an independent businesswoman, with
19-years
experience in the oil and offshore industry with different positions at Kvaerner
Oil & Gas and Ramboll Oil & Gas. She has Board experience of industrial, oil and
gas-based
companies, as well as of energy supply and financial services. She owns Future Technology AS, a
consultancy and technology company.
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About CGG
CGG (
www.cgg.com
) is a fully integrated Geoscience company providing leading geological, geophysical and reservoir capabilities to its broad base of
customers primarily from the global oil and gas industry. Through its three complementary businesses of Equipment, Acquisition and Geology, Geophysics & Reservoir (GGR), CGG brings value across all aspects of natural resource exploration
and exploitation. CGG employs around 5,300 people around the world, all with a Passion for Geoscience and working together to deliver the best solutions to its customers.
CGG is listed on the Euronext Paris SA (ISIN: 0013181864) and the New York Stock Exchange (in the form of American Depositary Shares. NYSE: CGG).
Contacts
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Group Communications
Christophe Barnini
Tel: + 33 1 64 47 38 11
E-Mail:
:
invrelparis@cgg.com
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Investor Relations
Catherine Leveau
Tel: +33 1 64 47 34 89
E-mail:
:
invrelparis@cgg.com
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THIS FORM
6-K
REPORT IS HEREBY INCORPORATED BY REFERENCE
INTO CGGS REGISTRATION STATEMENT ON FORM
S-8
(REGISTRATION STATEMENT NO.
333-150384,
NO.
333-158684,
NO.
333-166250,
NO.
333-173638,
NO.
333-188120
AND NO.
333-197785)
AND SHALL BE A PART THEREOF FROM
THE DATE ON WHICH THIS REPORT IS FURNISHED, TO THE EXTENT NOT SUPERSEDED BY DOCUMENTS OR REPORTS SUBSEQUENTLY FILED OR FURNISHED.
SIGNATURES
Pursuant to
the requirements of the Securities Exchange Act of 1934, CGG has duly caused this report to be signed on its behalf by the undersigned thereunto duly authorized.
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Date March 23
rd
, 2018
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By /s/ Stéphane-Paul FRYDMAN
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S.P. FRYDMAN
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Chief Financial Officer
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