By Mauro Orru

TotalEnergies will propose the renewal of Patrick Pouyanne's mandate as chairman and chief executive at its general meeting in May, a vote of confidence in his efforts to steer the company through years marked by the energy transition and an evolving geopolitical landscape.

The French oil major on Thursday said it is highly desirable that Pouyanne continued at the helm of the company as it seeks to become a major player in the energy transition, committing to carbon neutrality in 2050.

"Since 2014, Patrick has done an extraordinary job leading TotalEnergies in a complex environment, delivering outstanding financial results and engaging the company in the energy transition quicker and stronger than its peers," said Jacques Aschenbroich, lead independent director.

Write to Mauro Orru at mauro.orru@wsj.com; @MauroOrru94

(END) Dow Jones Newswires

September 21, 2023 12:53 ET (16:53 GMT)

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