De Chateauvieux back at the top at Bourbon

De Chateauvieux back at the top at Bourbon

Jacques de Chateauvieux is determined to be front and centre of the restructuring of his OSV firm, Bourbon. The founder of the offshore giant has won board approval to reunite the functions of chairman and CEO. In the management shuffle, Gaël Bodénès has become deputy CEO and Thierry Hochoa will serve as chief financial officer.

De Chateauvieux and his financial partners have proposed an injection of €80m ($90.6m) in new money in the form of debt in additional to a €164m ($185.7m) loan as a restructuring plan for the French offshore giant.

Bourbon has been in discussions with lenders since March 2018, having posted a loss of €576.3m ($649.7m) in 2017. The company went on to post a loss of €457.8m ($516.1m) in 2018, despite suspending debt payments and commencing a transformation of the company designed to improve its competitiveness.

Sam Chambers

Starting out with the Informa Group in 2000 in Hong Kong, Sam Chambers became editor of Maritime Asia magazine as well as East Asia Editor for the world’s oldest newspaper, Lloyd’s List. In 2005 he pursued a freelance career and wrote for a variety of titles including taking on the role of Asia Editor at Seatrade magazine and China correspondent for Supply Chain Asia. His work has also appeared in The Economist, The New York Times, The Sunday Times and The International Herald Tribune.

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