SBM Offshore to nominate Supervisory Board member
SBM Offshore has announced the proposal to appoint Hilary Mercer as a member of the Supervisory Board during the Annual General Meeting on April 6, 2022.
Sentiment and the balance of points
Rhea-AI Sentiment reads the wording of the document, how positive or negative its language is on a 1 to 5 scale. The balance of points shown with the takes weighs what the document actually discloses, so the two can disagree, for example when a trial that missed its main goal is described in upbeat language.
Rhea-AI Summary
SBM Offshore has announced the proposal to appoint Hilary Mercer as a member of the Supervisory Board during the Annual General Meeting on April 6, 2022. Mercer, a Senior Vice President at Shell Chemicals with over 34 years of experience, will initially serve as an advisor to the board. This leadership change may bring fresh perspectives to the company, which specializes in the design and operation of floating production systems for the offshore energy sector. The AGM will provide further details on this appointment.
Positive
- Appointment of Hilary Mercer may strengthen leadership with new perspectives.
Negative
- Concerns about continuity and potential experience gaps in the Supervisory Board.
Details
News Market Reaction – SBFFF
The recorded move for SBFFF in the trading session of this news was -6.87%.
Data tracked by StockTitan Argus. Session date unavailable.
AI-generated analysis. How Rhea-AI works. Not financial advice.
November 11, 2021
SBM Offshore is pleased to announce that during the Annual General Meeting to be held on April 6, 2022 (AGM) it will be proposed to appoint Hilary Mercer as member of the Supervisory Board as per that date. In the interim, Hilary Mercer will act as an advisor to the Supervisory Board.
Hilary Mercer is a Senior Vice President in Shell Chemicals and leads the Shell Polymers business, which includes its Pennsylvania Chemicals facility in the U.S. Hilary has over 34 years’ experience with Shell in the development, construction and commercial management of the largest oil, gas and chemical businesses across the globe.
Further details on the AGM will be announced in due course.
Corporate Profile
The Company’s main activities are the design, supply, installation, operation and the life extension of floating production solutions for the offshore energy industry over the full lifecycle. The Company is market leading in leased floating production systems, with multiple units currently in operation.
As of December 31, 2020, the Company employs approximately 4,570 people worldwide spread over offices in our key markets, operational shore bases and the offshore fleet of vessels.
SBM Offshore N.V. is a listed holding company headquartered in Amsterdam, the Netherlands. It holds direct and indirect interests in other companies.
Where references are made to SBM Offshore N.V. and /or its subsidiaries in general, or where no useful purpose is served by identifying the particular company or companies “SBM Offshore” or “the Company” are sometimes used for convenience.
For further information, please visit our website at www.sbmoffshore.com.
The Management Board
Amsterdam, the Netherlands, November 11, 2021
| Financial Calendar | Date | Year |
| Full Year 2021 Earnings | February 10 | 2022 |
| Annual General Meeting | April 6 | 2022 |
| First Quarter 2022 Trading Update | May 12 | 2022 |
| Half Year 2022 Earnings | August 4 | 2022 |
| Third Quarter 2022 Trading Update | November 10 | 2022 |
For further information, please contact:
Investor Relations
Bert-Jaap Dijkstra
Group Treasurer and IR
| Mobile: | +31 (0) 6 21 14 10 17 |
| E-mail: | bertjaap.dijkstra@sbmoffshore.com |
| Website: | www.sbmoffshore.com |
Media Relations
Vincent Kempkes
Group Communications Director
| Mobile: | +377 (0) 6 40 62 87 35 |
| E-mail: | vincent.kempkes@sbmoffshore.com |
| Website: | www.sbmoffshore.com |
Disclaimer
This press release contains inside information within the meaning of Article 7(1) of the EU Market Abuse Regulation. Some of the statements contained in this release that are not historical facts are statements of future expectations and other forward-looking statements based on management’s current views and assumptions and involve known and unknown risks and uncertainties that could cause actual results, performance, or events to differ materially from those in such statements. Such forward-looking statements are subject to various risks and uncertainties, which may cause actual results and performance of the Company’s business to differ materially and adversely from the forward-looking statements. Certain such forward-looking statements can be identified by the use of forward-looking terminology such as “believes”, “may”, “will”, “should”, “would be”, “expects” or “anticipates” or similar expressions, or the negative thereof, or other variations thereof, or comparable terminology, or by discussions of strategy, plans, or intentions. Should one or more of these risks or uncertainties materialize, or should underlying assumptions prove incorrect, actual results may vary materially from those described in this release as anticipated, believed, or expected. SBM Offshore NV does not intend, and does not assume any obligation, to update any industry information or forward-looking statements set forth in this release to reflect subsequent events or circumstances. Nothing in this press release shall be deemed an offer to sell, or a solicitation of an offer to buy, any securities.
Attachment
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.