Petrofac CEO to step down next year

UK energy services company Petrofac has announced that its chief executive Sami Iskander is leaving the company next year.

Iskander will leave at the end of March 2023 in order to pursue other interests, the London-listed company said. A former Shell vice president became Petrofac CEO in November 2020. Over the last two years, he has overseen the resolution of a historic investigation by the Serious Fraud Office and led a comprehensive refinancing programme.

He will be replaced by Tareq Kawash, who will take over on April 1, and also be appointed as an executive director to Petrofac’s board at that time. Kawash joins from McDermott, where he was most recently senior vice president of its onshore and offshore business lines, and a member of McDermott’s executive committee.

Adis Ajdin

Adis is an experienced news reporter with a background in finance, media and education. He has written across the spectrum of offshore energy and ocean industries for many years and is a member of International Federation of Journalists. Previously he had written for Navingo media group titles including Offshore Energy, Subsea World News and Marine Energy.
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