Thierry Desmarest

AAA

DEFINITION of 'Thierry Desmarest'

The chairman and former CEO and president of Total, one of the world's largest oil and gas companies. Under Desmarest's leadership, Total increased its oil reserves, made a natural gas deal with Iran and acquired PetroFina and Elf Aquitaine. Desmarest has also been a director of Sanofi-Aventis, Air Liquide and Renault.

INVESTOPEDIA EXPLAINS 'Thierry Desmarest'

Born in 1945 in Paris, Desmarest obtained his education at the Ecole Polytechnique and the Ecole des Mines. He began his career in 1971 as an engineer with the Corps des Mines and worked in various engineering positions for the government until he joined Total in 1981 as its director of Algerian operations. As he advanced, he oversaw Latin America, West Africa, North and South America, France and the Far East. Desmarest became president and CEO in 1995 and chairman and CEO in 1998. In 2007, Christophe de Margerie became CEO, but Desmarest remained chairman.



RELATED TERMS
  1. Oil Price to Natural Gas Ratio

    A mathematical ratio comparing the prices of crude oil and natural ...
  2. Chairman

    An executive elected by a company's board of directors that is ...
  3. Corporate Headquarters

    A place where a company's executive offices and executives' direct ...
  4. Corporate Action

    Any event that brings material change to a company and affects ...
  5. Corporate Governance

    The system of rules, practices and processes by which a company ...
  6. Corporation

    A legal entity that is separate and distinct from its owners. ...
Related Articles
  1. Insurance

    Evaluating The Board Of Directors

    Corporate structure can tell you a lot about a company's potential. Learn more here.
  2. Why then does a company, or more specifically its management, care about a stock's performance in the secondary market when this company has already received its money in the IPO?
    Investing Basics

    Why Do Companies Care About Their Stock Prices?

    Read on to learn more about the nature of stocks and the true meaning of ownership.
  3. Active Trading

    Uncovering Oil And Gas Futures

    Find out how to stay on top of data reports that could cause volatility in oil and gas markets.
  4. Mutual Funds & ETFs

    Investing In Oil And Gas UITs

    Unit investment trusts provide direct exposure to the energy sector, fueling better returns.
  5. Active Trading Fundamentals

    Evaluating A Company's Management

    Financial statements don't tell you everything about a company's health. Investigate the management behind the numbers!
  6. Fundamental Analysis

    Accounting For Differences In Oil And Gas Accounting

    How a company accounts for its expenses affects how its net income and cash flow numbers are reported.
  7. Options & Futures

    Governance Pays

    Learn about how the way a company keeps its management in check can affect the bottom line.
  8. Facebook Developing New Technologies To Stay On Top
    Investing Basics

    Facebook's Quest For Relevance Leads To New Tech

    the seed from which Facebook sprouted was an immature, perhaps even tacky website that allowed the student community to vote on the appearance of their fellow students.
  9. Investing

    Patrick Byrne's Interest In Bitcoin Was A Good Call, It Turns Out

    Patric Byrne and his interest in Bitcoin is much beyond a 'publicity stunt' that many had initially alleged. He sees a future in cryptocurrency.
  10. SWOT stands for Strengths, Weaknesses, Opportunities, and Threats.
    Professionals

    What is a SWOT Analysis?

    SWOT stands for Strengths, Weaknesses, Opportunities, and Threats. SWOT analysis is a management tool used to identify strategies for success. It may be used to guide individual thinking, group ...

You May Also Like

Hot Definitions
  1. Deferred Revenue

    Advance payments or unearned revenue, recorded on the recipient's balance sheet as a liability, until the services have been ...
  2. Multinational Corporation - MNC

    A corporation that has its facilities and other assets in at least one country other than its home country. Such companies ...
  3. SWOT Analysis

    A tool that identifies the strengths, weaknesses, opportunities and threats of an organization. Specifically, SWOT is a basic, ...
  4. Simple Interest

    A quick method of calculating the interest charge on a loan. Simple interest is determined by multiplying the interest rate ...
  5. Special Administrative Region - SAR

    Unique geographical areas with a high degree of autonomy set up by the People's Republic of China. The Special Administrative ...
  6. Annual Percentage Rate - APR

    The annual rate that is charged for borrowing (or made by investing), expressed as a single percentage number that represents ...
Trading Center