Total to appoint new chief executive


(MENAFN) Total, top global oil group and the biggest company in France in terms of sales and profits, left without a leader after the death in a Moscow air accident of chief executive Christophe de Margerie, Oman Observer reported.

The group announced that its board would meet on finding a successor, and that it would press ahead with its goals. In 130 countries around the planet the Total logo - on oil rigs, gas fields or filling stations - stands for the exploration, production, shipping, refining and distribution of hydrocarbon energy products.

Recently, the company has diversified into renewable energies, and particularly in the sector of solar power. The group is the fifth-biggest quoted oil and gas group in the world by market value or capitalization, a ranking which excludes state-owned groups such as Saudi Arabia's giant Aramaco group.

Total is a champion in globalization - but also a subject of controversy for environmental movements, and for critics who consider it pays far too little tax at home.


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