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Former Petrofac CEO Ayman Asfari and colleagues have established Venterra Group Plc, a company providing services to the offshore wind industry, which acquired FoundOcean, Osbit, and Gavin & Doherty Geosolutions (GDG).
Petrofac: Asfari takes pay cut in final year as CEO Former Petrofac CEO Ayman Asfari took a double-digit percentage pay cut in 2020, a year blighted by Covid, loss of work and an ongoing SFO investigation. © Petrofac Ayman Asfari retired at the end of 2020. Register here for the Energy Voice daily newsletter, bringing you key news and insight from across the global energy landscape. Thank you for signing up to our newsletter. Something went wrong - please try again later. Sign Up Former Petrofac CEO Ayman Asfari took a double-digit percentage pay cut in 2020, a year blighted by Covid,...
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Petrofac shares sink after former executive pleads guilty to $30m Abu Dhabi contracts bribe Shares in Petrofac are down 20 per cent today after its former global head of sales pleaded guilty to further bribery charges. David Lufkin pleaded guilty in Westminster Magnistrates Court to another three counts of bribery in charges brought aginst him by the Serious Fraud Office (SFO). Lufkin offered and paid bribes of around $30m between 2012 and 2018 to steer contracts toward his employer Petrofac in the United Arab Emirates worth approximately $3.3bn. These charges are in addition...