Sascha Bibert is appointed new Chief Financial Officer of Vallourec and joins the Executive Committee

VALLOUREC

Sascha Bibert is named as new CFO of Vallourec and joined the Executive Committee

Meudon (France), April 152022 – Vallourec announces the appointment of Sascha Bibert as Group Chief Financial Officer. He takes office on April 19, 2022 and joins the Executive Committee.

Sascha Bibert was previously CFO of the Uniper Group, one of Europe’s largest publicly listed power producers and energy traders, with growing positions in renewables and hydrogen.

He succeeds Olivier Mallet, who will leave the Company after more than 10 years as Chief Financial Officer, member of the Management Board and more recently Deputy Chief Executive Officer. During this period, he led several important reforms, often in difficult circumstances, as well as the successful financial restructuring of Vallourec in 2021.

Philippe Guillemot, Chairman and CEO of Vallourec, said: “Along with the entire Executive Committee, I would like to thank Olivier Mallet for his commitment of the last decade and its contribution to the rich history of Vallourec. I am delighted to welcome Sascha to the VScompany and the management committee. His experience of more than 20 years in the energy sector and with major international groups will be decisive in helping to accelerate Vallourec’s transformation. In particular, he will play a key role in generating significant short-term improvements in profitability and cash flow.

Sascha Bibert Biography

Between 2019 and 2021, Sascha Bibert held the position of Chief Financial Officer of the Uniper Group where, together with the rest of the management team, he developed and implemented a new strategy focused on accelerating the energy transition, while by capitalizing on the opportunities of the current cycle. Sascha also focused on internal and external reporting, ensuring that strategy execution, including capital allocation, remained well aligned with information provided to key stakeholders.

He previously held the position of CFO of EnerjiSA in Turkey for 5 years, supporting the company’s strong growth in a very volatile environment and then listing the company on the stock exchange, following its split into separate upstream and downstream entities.

From 2009 to 2014, Sascha held various management positions within the E.ON Group, including SVP for Group Accounting and Controlling and Head of Investor Relations. In parallel, he also served on the board of directors of Energy from Waste, a company managed by the private equity group EQT.

Sascha began his career as an equity portfolio manager and buy-side analyst, including a five-year stint at Allianz Global Investors and three years at Munich Re as Head of Investor Relations and Agencies. rating.

Now 46, Sascha is a graduate of the International School of Management, as well as a CFA Charterholder and Certified Credit Analyst (CCrA).

About Vallourec

Vallourec is a world leader in premium tubular solutions for the energy markets and for demanding industrial applications such as oil and gas wells in harsh environments, next-generation power plants, demanding architectural projects and equipment high performance mechanics. Vallourec’s pioneering spirit and cutting-edge R&D are opening up new technological frontiers. With nearly 17,000 dedicated and passionate employees in more than 20 countries, Vallourec works hand in hand with its customers to offer more than tubes: Vallourec offers innovative, safe, competitive and intelligent tubular solutions to make every project possible.

Listed on Euronext in Paris (ISIN code: FR0013506730, Ticker VK), Vallourec is part of the CAC Mid 60, SBF 120 and Next 150 indices and is eligible for the Deferred Settlement Service.

In the United States, Vallourec has set up a level 1 sponsored American Depositary Receipt (ADR) program (ISIN code: US92023R4074, Ticker: VLOWY). The parity between ADR and one ordinary Vallourec share was set at 5:1.

For more information, please contact:

Investor Relations
Jerome Friboulet
Tel: +33 (0)1 49 09 39 77
[email protected]

Press relations
Heloise Rothenbühler
Tel: +33 (0)1 41 03 77 50
heloise[email protected]

Individual shareholders
Green number (from France): 0 800 505 110
[email protected]

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