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. Evaluating The Board Of Directors
    Insurance

    Evaluating The Board Of Directors

  2. Why Do Companies Care About Their Stock ...
    Investing Basics

    Why Do Companies Care About Their Stock ...

  3. Uncovering Oil And Gas Futures
    Active Trading

    Uncovering Oil And Gas Futures

  4. Investing In Oil And Gas UITs
    Mutual Funds & ETFs

    Investing In Oil And Gas UITs

comments powered by Disqus
Hot Definitions
  1. Passive ETF

    One of two types of exchange-traded funds (ETFs) available for investors. Passive ETFs are index funds that track a specific ...
  2. Walras' Law

    An economics law that suggests that the existence of excess supply in one market must be matched by excess demand in another ...
  3. Market Segmentation

    A marketing term referring to the aggregating of prospective buyers into groups (segments) that have common needs and will ...
  4. Effective Annual Interest Rate

    An investment's annual rate of interest when compounding occurs more often than once a year. Calculated as the following: ...
  5. Debit Spread

    Two options with different market prices that an investor trades on the same underlying security. The higher priced option ...
  6. Odious Debt

    Money borrowed by one country from another country and then misappropriated by national rulers. A nation's debt becomes odious ...
Trading Center