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TotalFinaElf's three business segments
are formed around profit centers:
Upstream, Downstream and Chemicals. Upstream includes oil and gas
exploration and production, and gas, power and other energy sources.
Downstream covers refining and marketing, along with trading and
shipping. The Chemicals segment comprises three main areas: Petrochemicals
and plastics, Intermediates and performance polymers, and Specialty
chemicals. The profit centers are supported by the parent company's
functional divisions: Finance, Legal Affairs, Strategy and Risk
Assessment, Human Resources and Corporate Communications. TotalFinaElf
is managed by the Executive Committee (COMEX) and the Management
Committee (CODIR). The Executive Committee is TotalFinaElf's primary
decision-making body in matters of overall strategy and has investment
authority. It also prepares decisions for submission to TotalFinaElf's
Board of Directors. The Management Committee facilitates coordination
among the various Group units, monitors the results of the operational
divisions and reviews the reports of the functional divisions.
The Executive Committee
Thierry Desmarest, Chairman and Chief
Executive Officer; François Cornélis, Vice-Chairman,
President of Chemicals; Robert Castaigne, Chief Financial Officer;
Christophe de Margerie, President of Exploration and Production;
Jean-Luc Vermeulen, President of the Upstream Division; Jean-Paul
Vettier, President of Refining and Marketing; Bruno Weymuller, President
of Strategy and Risk Assessment.
The Management Committee
The committee includes all Executive
Committee members and 22 senior managers from the various functional
and operational divisions.
Holding Company
Michel Bonnet, Jean-Jacques Guilbaud,
Pierre Guyonnet, Ian Howat, Alain Madec, Bernard Tramier.
Upstream
Michel Bénézit, Yves-Louis
Darricarrère, Jean-Marie Masset, Charles Mattenet, Jean Privey.
Downstream
Alain Champeaux, Jean-Claude Company,
François Groh, Pierre Klein, Eric de Menten, André
Tricoire.
Chemicals
Pierre-Christian Clout, Philippe
Goebel, Jean-Bernard Lartigue, Jean-Pierre Seeuws, Hugues Woestelandt.
COMEX and CODIR composition as of March 1, 2002.
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