Petrofac Group Chief Executive Decides to Retire

SourceAl Bawaba

Sami Iskander will join as Deputy Chief Executive on November 1, 2020 and, following a short transition period, will assume the role of Group Chief Executive from January 1, 2021, at which time he will also be appointed as an Executive Director to Petrofac’s Board of Directors. On January 1, 2021, Ayman Asfari will be appointed as a Non-executive Director to Petrofac’s Board of Directors, to provide stability and continuity. Chairman René Médori commented: “After nearly 40 years in the industry and 30 years with Petrofac, Ayman has decided the time has come to step back from his executive duties to focus on his family, health and charitable interests. “The Board has been planning for his retirement for some time and I am delighted that we have been able to attract a candidate more...