Georges Picard, MBA, President, Chairman of the Board

Mr. Picard holds an MBA from ESSEC in France. He joined IFP as a comptroller in 1981, and then became Assistant to the Budget Director in 1987. From 1989 to 1992, he was with SYSECA (a Thomson group computer services company). He returned to IFP in 1992 as assistant to the Secretary General. He was appointed Deputy Secretary General in 1995, and became Financial Director in 1997. He was appointed Executive Vice-President of IFP in 2001. Mr. Picard has been Vice-President of the Company since 2000 and was appointed President in 2002. He is also a director of Axens SA, President of IFP Investissements, and member of the Supervisory Board of Beicip Franlab.

Maurice BOUTECA, PhD

Mr Boutéca graduated from Ecole Nationale Superieure de Geologie (French National School of Geological Engineering) and holds a PhD from Paris School of Mines. He started in 1978 as engineer at CERCHAR (French research center for coal mining), moved in 1979 to an SME (SYMINEX) as research engineer in the O&G sector. In 1981 Maurice Boutéca joined IFP where he was Head of the Geomechanics Unit from 1994 to 2001 and Deputy Manager of the Applied Mechanics Department from 1998 to 2001. From 2001 to 2006 he was Executive Director of CEP&M, a French Government advisory entity for oil & gas R&D and returned to IFP in 2006 as Director of the Exploration & Production Business Unit that became the Resources Business Unit in 2010. Maurice Boutéca is a Distinguished Member of the Society of Petroleum Engineers (SPE).

Eric Lafargue, BSc Geology

Mr. Lafargue received a BSc in Geology from Ecole Géologie de Nancy and an MSc with IFP School and University of Tulsa. Mr. Lafargue first spent 12 years at IFP conducting various projects in experimental and applied geochemistry, petroleum and basin evaluations. He then joined the Ministry of Industry in France where he was in charge of the public funding of research projects operated by petroleum and service companies. In this position he also became involved with business development and strategic planning of different Small and Medium Independent companies. Upon leaving the Ministry he came back to IFP where he is now in charge of identifying and evaluating potential investments in companies operating in IFP strategic domains (petroleum and gas, automobile and environmental sectors).

Vincent Richard, PhD

Mr. Richard received an MSc and a PhD in Geophysics from the University of Montpellier in France. He began his career with Elf Aquitaine in 1985 then joined IFP in 1987 to work on stratigraphic and lithologic interpretation of seismic data. Mr. Richard was appointed head of the Geophysical and Instrumentation Division of IFP in 1997 and then head of the Reservoir Engineering Division in 2002. He received the Van Weelden award from the European Association of Geoscientists and Engineers in 1986 and is a member of the Society of Exploration Geophysicists and of the European Association of Exploration Geophysicists.