CGG Appoints New CEO & the Cooptation of Two New Board Members

Following the press release from December 4, 2017 in which CGG announced the launch of a new CEO, to replace Mr. Jean-Georges Malcor, who has decided not to pursue his mandate once the restructuring process is completed; the Board of Directors, after its March 23 meeting, announces the appointment of Mrs. Sophie Zurquiyah as CEO.

This nomination should be effective at the end of the annual general meeting to be held on April 26, 2018.

Announcing this appointment, CGG Chairman Mr. Rémi Dorval said “With the appointment of Sophie as Chief Executive Officer and the recent cooptation of new Directors, the Board has now completed the process of renewing its governance. The Board is convinced that with Sophie, CGG will get a CEO with a strong knowledge of the company and the industry that will be able to lead the CGG Group successfully for years to come. Sophie will take office at the end of the next general meeting on April 26. Until then, the Group remains managed by Jean-Georges. The Board would like to take now this opportunity to thank Jean-Georges for his exceptional leadership at CGG and his outstanding contribution during the financial restructuring of the company.”

Sophie Zurquiyah was previously Chief Operating Officer (COO) and Senior Executive Vice President in charge of the GGR segment, Technology and Global Operational Excellence. She joined CGG in 2013 after 22 years in the oilfield services industry, working for Schlumberger in global executive positions ranging from business, operations, functional to technology, based in France, the United States and Brazil. She is a graduate from École Centrale de Paris, holds a master in Numerical analysis from the University of Paris VI (UPMC) and a master in Aerospace engineering from the University of Colorado.

The CGG Board also announces:

• The cooptation of Mrs. Helen Lee Bouygues to replace BPI France Participations, resigning from its Board position, for the remainder of its term, i.e. until the general meeting called to approve the financial statements for the fiscal year ending December 31, 2020.
• The cooptation of Mrs. Heidi Petersen to replace Mr. Didier Houssin, resigning from his Board position, for the remainder of his term, i.e. until the general meeting called to approve the financial statements for the fiscal year ending December 31, 2020.