Regulatory News: Following Jean-Georges Malcor, CGGVeritas’ CEO, proposal, the Board of directors appointed Stéphane-Paul Frydman and Pascal Rouiller as CGGVeritas Senior Executive Vice-President. Stéphane-Paul Frydman will report to the CEO and head Strategy, Legal and Investor Relations departments. He will also continue his existing responsibilities as Executive Vice-President Finance. Pascal Rouiller will report to the CEO and head Risk management, HSE and Sustainable development. He will also keep his existing responsibilities as Executive Vice-President Equipment (Sercel). Stéphane-Paul Frydman began his career working for the French ministry of industry and for the French ministry of Finances from 1992 to 1997, then as industrial advisor to the French minister of the economy & finances from 1997 to 2000. In 2000, He joined Butler Capital Partners, a private equity firm as an investor officer. In 2002, Stephane-Paul joined CGG as Vice President in charge of corporate financial affairs. In 2005, he became group controller and treasurer before being appointed as Chief Financial Officer in 2007 for the Group CGGVeritas. Stephane-Paul Frydman is a member of the CGGVeritas Executive Committee.Pascal Rouiller Joined CGG in 1979 as field engineer. In 1981, he became supervisor for land operations in Indonesia and Singapore. In 1985, he was appointed Senior Vice President for Land operations in Asia Pacific and, from 1992 to 1995, Vice President for CGG's Asia-Pacific region. In 1995, Pascal Rouiller is appointed marketing and sales Senior Vice President of Sercel (CGG’s equipment division, world leader).He served as Chief Operating Officer of the Sercel Group between 1996 and 2005.Pascal Rouiller is CEO of Sercel since 2005 and a member of the CGGVeritas Executive Committee.About CGGVeritas CGGVeritas (Paris:GA) (NYSE:CGV) ( www.cggveritas.com) is a leading international pure-play geophysical company delivering a wide range of technologies, services and equipment through Sercel, to its broad base of customers mainly throughout the global oil and gas industry. CGGVeritas is listed on the Euronext Paris (ISIN: 0000120164) and the New York Stock Exchange (in the form of American Depositary Shares, NYSE: CGV).
CGG Veritas (NYSE:CGV) hit a new 52-week low Monday as it is currently trading at $16.76, below its previous 52-week low of $17.44 with 16,874 shares traded as of 9:38 a.m. ET. Average volume has been 170,700 shares over the past 30 days.