Petrofac Management

Management criteria checks 2/4

We currently do not have sufficient information about the CEO.

Key information

Tareq Kawash

Chief executive officer

US$2.8m

Total compensation

CEO salary percentage	32.0%
CEO tenure	1.6yrs
CEO ownership	n/a
Management average tenure	3.2yrs
Board average tenure	6.5yrs

Recent management updates

Recent updates

CEO Compensation Analysis

How has Tareq Kawash's remuneration changed compared to Petrofac's earnings?
Date	Total Compensation	Salary	Company Earnings
Jun 30 2024	n/a	n/a	-US$572m
Mar 31 2024	n/a	n/a	-US$538m
Dec 31 2023	US$3m	US$895k	-US$505m

Compensation vs Market: Tareq's total compensation ($USD2.80M) is above average for companies of similar size in the German market ($USD474.67K).

Compensation vs Earnings: Insufficient data to compare Tareq's compensation with company performance.

CEO

Tareq Kawash (56 yo)

1.6yrs

Tenure

US$2,800,035

Compensation

Mr. Tareq F. Kawash serves as Group Chief Executive and Director of Petrofac Limited since April 01, 2023. He joined the Petrofac Limited in January 01, 2023. He served as Senior Vice President of Onshore...

Leadership Team

Name	Position	Tenure	Compensation	Ownership
Tareq Kawash	Group Chief Executive & Director	1.6yrs	US$2.80m	no data
Afonso Reis Sousa	CFO, Executive Director	3.2yrs	US$1.01m	0.011% € 8.1k
Roberto Bertocco	Group Director of Technical Functions	1.3yrs	no data	no data
James Boothroyd	Head of Investor Relations	no data	no data	no data
Tarek Massoud	Chief Compliance Officer	5.9yrs	no data	no data
Sandra Redding	Group General Counsel	1.8yrs	no data	no data
Sophie Reid	Group Director of Communications	2.8yrs	no data	no data
Des Thurlby	Group Director of Human Resources	no data	no data	no data
Paolo Bigi	Regional Managing Director of Engineering & Construction	8.8yrs	no data	no data
Elie Lahoud	Chief Operating Officer of Engineering & Construction	no data	no data	no data
John Pearson	Chief Operating Officer of Asset Solutions & Energy Transition Projects	3.8yrs	no data	no data
Paolo Bonucci	Group Head of Business Development	8.8yrs	no data	no data

3.2yrs

Average Tenure

56yo

Average Age

Experienced Management: P2F's management team is considered experienced (3.2 years average tenure).

Board Members

Name	Position	Tenure	Compensation	Ownership
Tareq Kawash	Group Chief Executive & Director	1.6yrs	US$2.80m	no data
Afonso Reis Sousa	CFO, Executive Director	3.2yrs	US$1.01m	0.011% € 8.1k
David Davies	Independent Non-Executive Director	6.5yrs	US$119.00k	0.029% € 20.8k
Rene Medori	Non-Executive Chairman	12.8yrs	US$420.00k	0.13% € 91.2k
Sara Akbar	Independent Non-Executive Director	6.8yrs	US$97.00k	0.025% € 17.8k
Matthias Bichsel	Senior Independent Director	9.5yrs	US$147.00k	0.025% € 17.8k
Aidan Brunner	Independent Non-Executive Director	less than a year	US$10.00k	no data

6.5yrs

Average Tenure

68yo

Average Age

Experienced Board: P2F's board of directors are considered experienced (6.5 years average tenure).

Petrofac Management

Management criteria checks 2/4

Key information

Recent management updates

Petrofac Limited Announces Resignation of Ayman Asfari and Francesca Di Carlo as Directors

Petrofac Limited, Annual General Meeting, Sep 23, 2024

Aidan de Brunner Joins Petrofac Limited as Non-Executive Director

Petrofac Limited Announces Leaving of Sami Iskander as Group Chief Executive, Effective End of March 2023

Petrofac Limited, Annual General Meeting, May 12, 2023

Petrofac Limited Announces Board Resignations

Recent updates

First half 2024 earnings released: US$0.40 loss per share (vs US$0.27 loss in 1H 2023)

Petrofac Limited Announces Resignation of Ayman Asfari and Francesca Di Carlo as Directors

Petrofac Limited, Annual General Meeting, Sep 23, 2024

Full year 2023 earnings released: US$0.97 loss per share (vs US$0.60 loss in FY 2022)

Aidan de Brunner Joins Petrofac Limited as Non-Executive Director

New major risk - Share price stability

First half 2023 earnings released: US$0.32 loss per share (vs US$0.076 profit in 1H 2022)

New major risk - Negative shareholders equity

Petrofac Limited to Report First Half, 2023 Results on Aug 10, 2023

Full year 2022 earnings released: US$0.60 loss per share (vs US$0.68 loss in FY 2021)

Petrofac Limited Provides Group Earnings Guidance for the Year 2022

Petrofac Limited(LSE:PFC) dropped from FTSE 250 (Ex Investment Companies) Index (GBP)

Petrofac Limited Announces Leaving of Sami Iskander as Group Chief Executive, Effective End of March 2023

Petrofac Limited, Annual General Meeting, May 12, 2023

First half 2022 earnings released: US$0.027 loss per share (vs US$0.26 loss in 1H 2021)

Petrofac Limited to Report First Half, 2022 Results on Aug 11, 2022

Now 24% undervalued

Petrofac Limited Announces Board Resignations

Full year 2021 earnings released: US$0.54 loss per share (vs US$0.57 loss in FY 2020)

First half 2021 earnings released: US$0.25 loss per share (vs US$0.23 loss in 1H 2020)

Insufficient new directors

Insufficient new directors

CFO & Executive Director Alastair Cochran has left the company

Full year 2020 earnings released: US$0.53 loss per share (vs US$0.22 profit in FY 2019)

Full year 2020 earnings released: US$0.53 loss per share (vs US$0.22 profit in FY 2019)

Carnarvon Petroleum Limited Awards Drilling Management Services Contract to Petrofac Limited

Petrofac Limited(LSE:PFC) dropped from S&P EUROPE 350 - Energy (Industry Group)

New 90-day low: €1.25

New 90-day high: €1.91

Petrofac Limited to Report Fiscal Year 2020 Results on Feb 24, 2021

Perenco (Oil & Gas) International Limited completed the acquisition of remaining 51% stake in Petrofac Netherlands Holding B.V. from Petrofac Limited (LSE:PFC).

Petrofac Limited Announces Board Changes

New 90-day low - €1.50

Petrofac Limited Announces No Interim Dividend for the Six Months Ended 30 June 2020

Earnings released

CEO Compensation Analysis

CEO

Tenure

Compensation

Leadership Team

Average Tenure

Average Age

Board Members

Average Tenure

Average Age