The appointed members of Petrocor AG´s Board of Directors are its Chief Executive Officer (CEO), its Chief Operations Officer (COO) and several major shareholders; as a group, they provide over two hundred (200) years of experience to Petrocor AG´s decision making team and are accountable to the company and its shareholders.
Petrocor AG´s Board of Directors can be defined as a proactive board in terms of governance models, both Board and Managerial Team speak as one voice. The company considers this a positive model as in terms of taking advantage of emerging project opportunities which is especially valuable in this competitive and fluctuating energy business. The Board of Directors has a strategic function within the company and is responsible for assessing the overall plan of the company, providing direction for the organization, stablishing company policies and recruiting, supervising, retaining, evaluating and compensating company´s top level professionals.
Petrocor AG it’s a one hundred percent (100%) privately owned company; most of its shareholders are part of the managerial team filling key positions within the organizational structure and holding responsibilities directly related to continually improve the company' performance.
Petrocor AG believes that its shareholders approach, which promotes the maximizing of internal shareholders, benefits the organization by creating a sense of ownership in the professionals participating on taking influential day-to-day business decisions.
The company considers that balancing the needs and interests of shareholders is essential to the way a successful - energetic company behaves and does business every day.
Petrocor AG Board of Directors members are highly committed to environmental protection, safety and occupational health programs, quality regulations and requirements as well to corporate social initiatives.