Big-cap project and asset services provider Worley (ASX:WOR) has appointed Joseph Geagea as an independent Non-Executive Director to its board, effective from 1 July 2023.
The company reports Geagea will become a member of the Nominations Committee and the People and Remuneration Committee. Previously, Geagea has served as Executive Vice President and senior adviser to the Chairman and Chief Executive Officer (CEO) at Chevron Corporation (NYSE:CVX).
Prior to that appointment, he served as Executive Vice President of Technology, Projects, and Services at Chevron. Additionally, Geagea holds a Bachelor and a Master of Civil Engineering from the University of Illinois and is a member of the American Society of Civil Engineers.
Worley says Geagea’s appointment comes as Dr Christopher Haynes OBE retires after serving for 11 years on the company’s board, effective from 30 June 2023.
Commenting on the board changes, Worley Chair John Grill says: “We thank Chris for his long and dedicated service. Chris brought deep industry knowledge and a strong operational perspective to the board. In his role as inaugural Chair of Worley’s Health, Safety and Sustainability Committee, Chris was instrumental in driving Worley’s safety culture, championing the safety of our people and those with whom we work.
We are delighted Joe has agreed to join the Worley board. Joe addresses several key skillsets required by the board as Worley capitalises on the opportunities provided by the energy transition.
“Joe addresses several key skillsets required by the board as Worley capitalises on the opportunities provided by the energy transition”
Joe’s significant international experience with his strong skills in organisational transformation and breadth of experience in energy, strategy, and complex projects are valuable and complementary additions to the board. We welcome Joe and look forward to his contribution.”
Worley is an Australian professional project and services provider that provides construction, procurement, engineering, and consultation services to the energy, chemicals, and resources sectors globally.
As the company is a knowledge-based service provider, it uses its knowledge and capabilities to help its clients reduce their emissions and transition towards a low-carbon future.
On 23 May 2023, Worley amended its syndicated bank loan facilities totalling US$1.2 billion to extend its long-term debt maturity profile.
Write to Harry Mulholland at Mining.com.au
Images: Worley Ltd