Oil services

Iskander to replace Asfari as Petrofac CEO

Ayman Asfari

North Sea oil services group Petrofac has announced that Ayman Asfari is retiring as group chief executive at the end of the year to focus on his family, health and charitable interests.

He will be replaced on 1 January by Sami Iskander who will join as deputy chief executive on 1 November. Mr Asfari will remain as a non-executive director.

Mr Iskander has over 30 years’ international experience in both oilfield services and E&P companies.

He is an Egyptian and French national, fluent in English, Arabic, Spanish and French and holds a Bachelor of Science in Mechanical Engineering from the American University in Cairo.

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He was appointed executive vice president for Shell’s upstream joint ventures business in February 2016 until 2019, where he was accountable for business performance in Abu Dhabi, Brunei, Denmark, Egypt, Italy, Kazakhstan, Kuwait and Oman.

Chairman René Médori commented: “After nearly 40 years in the industry and 30 years with Petrofac, Ayman has decided the time has come to step back from his executive duties to focus on his family, health and charitable interests.

“The board has been planning for his retirement for some time and I am delighted that we have been able to attract a candidate of Sami Iskander’s calibre, who was identified following a comprehensive external and internal search process.

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