Vallourec's Leadership Gets New Term for Strategic Success

Renewal of the Chairman and CEO of Vallourec

Meudon (France) – In a significant decision, the Board of Directors of Vallourec has unanimously approved the recommendation of the Nomination and Governance Committee to renew Mr. Philippe Guillemot's term as Chairman of the Board and Chief Executive Officer. This renewal, contingent on shareholder approval, will extend his leadership for an additional four years beyond the current term, which is set to conclude after the General Meeting in 2026.

Significance of Philippe Guillemot's Leadership

Angela Minas, the Lead Independent Director of the Board, emphasized the importance of Guillemot’s leadership, stating, “In just three years, the ‘New Vallourec plan’, initiated and led by Philippe Guillemot, has been instrumental in the company’s turnaround. This plan restored a future for the Group. Now debt-free and financially sound, Vallourec is delivering strong, profitable, and sustainable growth across all of its markets.” She further noted that supporting this momentum by reappointing him is essential.

Vallourec's Transformation Journey

Under Guillemot's guidance, Vallourec has transformed itself into a revitalized industrial entity. Guillemot stated, “Today, Vallourec is not only a revitalized industrial flagship but also a deeply transformed one, with strong ambitions to meet the new challenges of the energy market.” The company focuses on a Value-over-Volume strategy and maintains its premium market position by leveraging innovative capabilities.

Strategic Goals for the Future

Vallourec's strategic vision extends to 2030 and beyond, aiming for excellence in industrial practices, business growth, and value creation for its stakeholders. This ambitious plan reflects Vallourec's commitment to customers, employees, and investors alike.

About Vallourec

Vallourec stands as a global leader in premium tubular solutions tailored for the energy sector and demanding industrial applications. The company specializes in providing innovative solutions for oil and gas wells in challenging environments, cutting-edge power plants, and complex architectural projects. With nearly 14,000 devoted employees spread across over 20 countries, Vallourec collaborates closely with customers to deliver not just tubes but comprehensive, safe, and competitive tubular solutions that enable every project to materialize.

Market Position and Recognition

Vallourec is listed on Euronext in Paris with the ISIN code FR0013506730 and ticker VK, making its mark as part of the CAC Mid 60, SBF 120, and Next 150 indices. In the United States, Vallourec has introduced a sponsored Level 1 American Depositary Receipt (ADR) program, where the parity between the ADR and a Vallourec common share stands at 5:1, making it accessible to a broader range of investors.

Investor Relations Contact

For more information, stakeholders can reach out to Connor Lynagh, who is available at +1 (713) 409-7842 or via email at connor.lynagh@vallourec.com. Individual shareholders in France can contact the toll-free number at 0 805 65 10 10.

Press Relations Contacts

For press inquiries, reach Romain Grière at +33 (0)7 86 53 17 29 or email romain.griere@taddeo.fr. Nicolas Escoulan is also available at +33 (0)6 42 19 14 74, and he can be reached at nicolas.escoulan@taddeo.fr.

Frequently Asked Questions

What is the reason for Philippe Guillemot's term renewal?

Philippe Guillemot's renewal is based on his successful leadership in turning the company around and ensuring profitable growth.

What are Vallourec’s plans for the future?

The company aims for industrial excellence, robust business development, and creating value for its stakeholders through a strategic plan extending to 2030.

What markets does Vallourec serve?

Vallourec primarily serves the energy sector and demanding industrial applications, including oil and gas, power plants, and architectural projects.

How many employees does Vallourec have globally?

Vallourec has nearly 14,000 dedicated employees worldwide, working in over 20 countries.

Where is Vallourec listed?

Vallourec is listed on Euronext in Paris and is part of the CAC Mid 60 and SBF 120 indices.

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