Petrofac’s Tim Weller to leave for CFO job at G4S plc

Petrofac Ltd has announced that Tim Weller has advised the Board that he intends to leave the Group to become the CFO of G4S plc – a global integrated security group. Weller will leave the group in October 2016. Petrofac claims that it has already commenced the search for his successor.

Ayman Asfari, Petrofac Group Chief Executive, said: “On behalf of the Board I would like to thank Tim for his significant contribution over the past five years. Over this time the Group has gone through substantial strategic change and Tim’s experience, professionalism and measured approach have proven invaluable in helping us on our journey back to our traditional areas of focus. We wish Tim well in his new role with G4S.”

Weller said: “I have thoroughly enjoyed my time at Petrofac and the decision to leave was not an easy one. With Petrofac’s renewed focus on its core strengths, I am confident that Ayman and the team will lead the Group to success. However, the opportunity to join G4S and an executive team that I have come to know and admire through my non-executive role with the company, is the right move for me at this time.”

Edited from press release by David Rowlands

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