Vallourec adopts a new global governance structure and takes one more step in the search for productive excellence and increased profitability and competitiveness

Vallourec has concluded the Group´s financial restructuring and has adopted a new global governance structure. From now on, all eight members of the Board of Directors will be challenged to strengthen the transformation process of the company, which started in 2016, and to promote actions in favor of the excellence of products and services and increased profitability and competitiveness in the global market.

The group has new four independent advisors, from different parts of the world, including Brazil, who will help reshape Vallourec´s strategies worldwide. The new board has the Vallourec Group´s CEO, Édouard Guinotte, Brazilian Maria Silvia Bastos Marques, Gareth Turner, Pierre Vareille, William de Wulf, Corine de Bilbao, Hera Siu and Angela Minas. Learn more about the new governance structure of Vallourec: bit.ly/3i6dI3M 

MA and PhD in Economics, with a degree in Public Administration, Maria Silvia Bastos Marques was president of Goldman Sachs Brazil, the National Bank for Economic and Social Development (BNDES), the National Steel Company (CSN) and Icatu Insurances, having served on boards of important companies such as Petrobras, Vale S.A., Anglo American and Arcelor Brazil. She is the first Brazilian to be part of the Board of Directors of Vallourec, whose composition is equal, with equality between men and women. “I feel honored and motivated to be joining the Vallourec Group in a moment of transformation and change. I hope to contribute to the Group´s Global Strategy and especially, to our operations in Brazil, with focus in strengthening the relationship and delivery of innovative products and services with high added value to our clients, in Brazil and abroad”, the counselor highlights.

“Our main objective is to be increasingly competitive worldwide, and the Board will help us with the route adjustments in order for us to achieve excellence in the industrial process, with a high standard of quality, safety and customer service”, states Vallourec´s senior vice-president in South America, Alexandre Lyra. According to him, the focus of the Group is to to make even more use of the highly qualified human capital, the company´s plants, which are among the most modern plants in the world, and the technologies Vallourec provides as market differentials.