TechnipFMC – AGM 24 April 2020
ITEMS 1a and 3: For 2019, Mr. Pferdehirt's total compensation amounts to €13,690,820, i.e. 332% of the median of the CAC 40 and 298% of the median of the Oil & Gas sector of the MSCI Europe.
This represents an increase of 17.3% compared to his 2018 compensation, while the company has a net loss (group share) of $2.5 billion. Since 2016, and the value-destroying merger between Technip and FMC, the share price has fallen by 42% while Mr. Pferdehirt's compensation has increased by 21%. This situation is unacceptable and we recommend opposition not only to the renewal of Mr. Pferdehirt, but also to his compensation.
TechnipFMC is global leader in oil and gas projects, technologies, systems, and services. Co. offers subsea, surface, onshore, and offshore solutions for oil and gas projects. Co. serves customers worldwide. With Co.'s technologies and production systems, integrated expertise, and comprehensive solutions, Co. is transforming Co.'s clients' project economics. Co. is uniquely positioned to deliver greater efficiency across project lifecycles from concept to project delivery and beyond. Through innovative technologies and improved efficiencies, Co.'s offering unlocks new possibilities for Co.'s clients in developing their oil and gas resources.
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