In his new function Mr. de Coignac will lead all Vallourec businesses in North America, and Drilling operations worldwide. He reports directly to Philippe Crouzet, Chairman of the Group.

In fact, Vallourec has adopted a new regional organization. The Group will now operate in four regional units: Europe, North America, the Eastern Hemisphere and South America.

"This new, simplified organization is part of Vallourec's commitment to greater closeness to its customers and markets, to greater efficiency for its industrial operations and to faster decision-making processes," declared Philippe Crouzet, Chairman of the Vallourec management board. It is intended to support the changes taking place in the Group, most visible in the competitiveness plan launched recently.

The four regional Senior Vice Presidents are part of the Vallourec Group Management Committee and report directly to Philippe Crouzet:

• ​Philippe Carlier becomes SVP Europe. Philippe Carlier is also taking charge of the coordination of Vallourec's industrial policy.  

• Nicolas de Coignac has been appointed SVP North America.

• Didier Hornet will become SVP Eastern Hemisphere (Africa, the Middle East, the Asia-Pacific zone and the North Sea). 

• Alexandre Lyra becomes SVP South America.

With the same goal of greater closeness to customers and better anticipating their requirements, while speeding up the time to market for new products, the R&D, Strategic Marketing and Innovation functions will be brought together under the management of Jean-Yves Le Cuziat.

For biographies of each new regional Senior Vice President, visit www.vallourec.com.

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With 2,800 people in 22 manufacturing facilities and service operations in the US, Canada and Mexico, Vallourec in North America primarily serves the local Oil & Gas market. Key products include Oil Country Tubular Goods (OCTG), Line Pipe, Drill Pipe, premium threading services of VAM® premium joints, and downhole accessories.