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Our governance

Since July 1, 2021, the Company’s governance structure is based on a Board of Directors.

As of today, the Board of Directors is comprised of 9 members. Among the 9 Directors, 6 of them were qualified as independent by the Board of Directors in accordance with the criteria set forth in the AFEP-MEDEF Code and one of the Directors represents employees.

The Board of Directors benefits from the work of 5 specialized Committees that review specific matters: the Audit Committee, the Remuneration Committee, the Nomination & Governance Committee, the Strategic & Finance Committee and the Corporate Social Responsibility Committee (CSR).

An Executive Committee also supports the operational management of the Group.

Vallourec refers to the principles of corporate governance set out in the AFEP-MEDEF corporate governance code for French listed companies

Executive Committee

Executive Committee

The Vallourec Executive Committee team is responsible for leading the Group’s operations. It implements the strategic decisions and orientations defined by the Board of Directors under the chairmanship of Philippe Guillemot.

Philippe Guillemot
Group Chairman and Chief Executive Officer
Sascha Bibert
Group Chief Financial Officer
Philippe Carlier
Senior Vice-President Group Industry and Eastern Hemisphere
Sarah Dib
Group General Counsel
Laurent Dubedout
Senior Vice-President OCTG Services and Accessories Business Line
Valeria Fernandes
Group Chief Digital and Information Officer
Bertrand Frischmann
Chief Operating Officer (COO) of the Americas
André Lacerda
Senior Vice President of South America (Tubes Activities)
Jacky Massaglia
Senior Vice President of North America
Ludovic Oster
Group Chief Human Resources Officer
Damien Rebourg
Communication and Public Affairs Senior Vice President
Bertrand de Rotalier
Senior Vice President Business Line New Energies, Project Line Pipe and Process

Board of Directors

Board of Directors

 The Board of Directors determines the Group’s strategic direction and ensures its implementation.

Vallourec’s Group refers to the corporate governance Code for French listed companies published by AFEP and MEDEF.

The Board of Directors of Vallourec is comprised of 9 members, including 50 % of women and 75 % of independent Board members. It also includes 1 observer.

Its decisions are made in light of the recommendations of 5 Board Committees:

  • the Audit Committee,
  • the Remuneration Committee,
  • the Nomination and Governance Committee,
  • the Strategic & Finance Committee and
  • the Corporate Social Responsibility Committee.

Directors are elected for a four-year term (article 9 of the bylaws), in accordance with the recommendations of the AFEP-MEDEF corporate governance Code for French listed companies.

The Board’s composition reflects a diverse and complementary range of experience, nationalities and cultures, ensuring that the interests of all shareholders are taken into account.

Philippe Guillemot
2026 OSM - Group Chairman and Chief Executive Officer
Pierre Vareille
2025 OSM - Vice-Chairman Lead Independent Director
Corine de Bilbao
2028 OSM - Independent Director
Angela Minas
2026 OSM - Independent Director
Frida Norrbom Sams
2028 OSM - Independent Director
Patrick Poulin
2025 - Director representing employees
Luciano Siani Pires
2028 OSM - Independent Director
Hera Siu
2026 OSM - Independent Director
Gareth Turner
2025 OSM - Director

Board Secretary

Sarah DIB, Group General Counsel of Vallourec

Committees of the Board

Committees of the Board

Five committees assist the Board of Directors. They are consulted on matters prior to certain deliberations and issue proposals, recommendations and opinions in their respective areas of competence.

The Audit Committee

 

The Audit Committee reviews the quarterly results, the draft half-yearly and annual financial statements and assesses risk management and the internal control systems.

The Audit Committee is comprised of five members: Ms. Angela Minas (Chairwoman), Ms. Corine de Bilbao, Ms. Hera Siu, Mr. Gareth Turner and Mr. Luciano Siani Pires

The Remuneration Committee

The role of the Remuneration Committee is to prepare and facilitate the deliberations of the Board in respect of the issues relating to compensation of directors and Company Officers.
The Remuneration Committee is comprised of four members: Mr. Pierre Vareille (Chairman), Ms. Angela Minas, Ms. Hera Siu and Mr. Patrick Poulin (Director representing employees).

The Nomination and Governance Committee

The role of the Nomination and Governance Committee is to prepare and facilitate the deliberations of the Board in respect of the issues relating to the composition of the Board, the appointment of Company Officers and the governance of the Group.
The Nomination and Governance Committee is comprised of three members: Mr. Pierre Vareille (Chairman), Ms. Angela Minas and Ms. Hera Siu.

The Strategic & Finance Committee

The Strategic & Finance Committee reviews key subjects for the Group, issues recommendations on acquisitions, divestitures and partnership projects and studies all strategic matters of interest to the Group.

The Strategic & Finance Committee is comprised of three members: Mr. Gareth Turner (Chairman) Ms. Corine de Bilbao and Mr. Pierre Vareille.

The Corporate Social Responsibility (CSR) Committee

The CSR Committee’s mission is to ensure that the Group best anticipates the challenges, opportunities and extra-financial risks associated with its business in order to promote responsible and harmonious long-term value creation. It makes recommendations on the Group’s policy and achievements in this area.

The CSR Committee is comprised of five members: Ms. Corine de Bilbao (Chairwoman), Ms. Angela Minas, Ms. Hera Siu, Mr. Luciano Siani Pires and Mrs Frida Norrbom Sams.

Information relating to the compensation of corporate officers

Statutory Auditors

KPMG SADeloitte & Associés
Represented by Ms Alexandra Saastamoinen Represented by Ms Véronique Laurent
Tour Eqho - 2, avenue Gambetta 92066 Paris-La Défense Cedex Tour Majunga - 6, place de la Pyramide 92908 Paris La Défense Cedex
Date of first mandate: 1st of June 2006 Date of first mandate: 1st of June 2006
Date of renewal: 25 of May 2018 Date of renewal: 25 of May 2018

Articles of association

Articles of association