TechnipFMC CEO Comments on Onshore, Offshore Spinoffs


During a conference call regarding the announced TechnipFMC split Monday afternoon, chairman of the board and CEO Douglas J. Pferdehirt said, “There are very few synergies between upstream and downstream. We are seeing the beginning of a shaping of our industry. We believe that what we are creating, others will follow. “

When you over-integrate, the customer can see you as greedy. We integrate where it clearly adds value to the customer.”

Hot Tip

Register on Oil and Gas People as a candidate and always have full control of your visibility. We want recruiters to be able to instantly find candidates that are available and actively looking for work. Just confirm your status every 60 days to stay visible and at the top of recruiters searches.

When asked about the timing of the spinoff, Pferdehirt said “Timing needs to be a function of the business environment, markets we serve, and leadership. These three came together now. It looks like there could be no better time than now.”


Leave a Reply

Your email address will not be published. Required fields are marked *

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.