PARIS, France – 26 October 2009
CGGVeritas (ISIN : 0000120164 – NYSE : CGV) announced today that Jean-Georges Malcor, currently Senior Vice President at Thales, will join CGGVeritas on January 1st 2010. In connection with this appointment, it is planned that CGGVeritas will separate the Chairman of the Board and Chief Executive Officer functions on July 1st 2010, at which date Jean-Georges Malcor will become Chief Executive Officer of CGGVeritas and Robert Brunck will continue on as Chairman of the Board.
Jean-Georges Malcor will use the first months following his arrival to meet with various clients and CGGVeritas teams while working closely with the Executive Committee, Robert Brunck and the Board.
Thierry Le Roux, member of the Executive Committee, is appointed as Advisor to Robert Brunck and Jean-Georges Malcor. He also has the responsibility at the Group’s level for business development and technology.
Robert Brunck, Chairman and Chief Executive Officer of CGGVeritas, commented:
“Over the past years CGGVeritas grew to become a leader in geophysical equipment and services. In the recent downturn we responded with vigour and efficiency so that today, through increased financial discipline and insightful management of our capacities, we have reinforced our position as the world leader in high-end seismic equipment and services.
It is now time to prepare CGGVeritas to move on to the next step while taking full advantage of our leading global footprint, technological strength and well-balanced portfolio. I am delighted by the arrival of Jean-Georges and the prospect of working with him to put our strategy into action.
Jean-Georges has considerable experience in high-end technology, built up over twenty years, both in France and internationally. His abilities, his indisputable know-how and his strong managerial and personal skills make him the ideal candidate to carry out the future development of CGGVeritas.”
Jean-Georges Malcor, 53, is a graduate of École Centrale de Paris. He also holds a Master of Sciences degree from Stanford University, and a Doctorat from École des Mines.
He began his career at the Thales group in the Underwater Activities division (1983-1987). He then moved to the Sydney-based Thomson Sintra Pacific Australia, becoming Managing Director of the company (1990). Back in France, he became Director of Marketing and Communications (1991), then Director, Foreign Operations of Thomson Sintra Activités Sous-Marines (1993). In 1996, he was appointed Managing Director of Thomson Marconi Sonar Australia and then the first Managing Director of the joint venture Australian Defense Industry (1999). In 2002, he became Senior Vice President, International Operations of Thales International. From 2004 to 2009, he was Senior Vice President, in charge of the Naval Division. Since January 2009, he was Senior Vice President, in charge of the Aerospace Division. In June 2009, he moved to the position of Senior Vice President, Continental Europe, Turkey, Russia, Asia, Africa, Middle East, and Latin America.
CGGVeritas (www.cggveritas.com) is a leading international pure-play geophysical company delivering a wide range of technologies, services and equipment through Sercel, to its broad base of customers mainly throughout the global oil and gas industry.
CGGVeritas is listed on the Euronext Paris (ISIN: 0000120164) and the New York Stock Exchange (in the form of American Depositary Shares, NYSE: CGV).