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Total brings back former CEO

Oil giant Total brings back former CEO to serve as Chairman after the company lost its CEO and Chairman in a plane crash on Tuesday.

Photo: Total

Former Total CEO Thierry Demarest can look forward to a comeback, as the Financial Times reports that he is being brought back to serve as Chairman of the French oil giant.

Financial Times' sources close to the process inform that Desmarest, who served as CEO of Total from 1995 to 2007, will be appointed Chairman today. His job will be to ensure the continued work of the company's Board of Directors. His first task will be to appoint a new CEO, which could, according to several media reports, happen as early as today.

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