SBM Offshore announced that Philippe Barril has decided to step down on August 31, 2022 from his role as Chief Transition Officer (CTO) further to his appointment as CEO of Heerema Marine Contractors on September 1, 2022. Philippe was appointed member of the Management Board and Chief Operating Officer in 2015, becoming CTO in April 2022 with responsibility for Human Resources, Legal & Compliance, Health, Safety, Security and Environment and some other corporate functions. Following Philippe's departure, it has been decided to simplify the structure of the Management Board.

The CTO portfolio will therefore be allocated among the remaining three Management Board members with the aim of ensuring continued focus on SBM Offshore's advancement as an energy transition company.