Foraco International SA, a leading global provider of mineral and water drilling services, has announced the planned retirement of Chairman and co-CEO Daniel Simoncini and co-CEO and CFO Jean-Pierre Charmensat from their executive management positions effective as of July 1, 2023. Foraco’s Board has unanimously approved the following executive appointments: Tim Bremner (currently SVP, North America) as CEO; Fabien Seveste (currently Deputy CFO) as CFO and Olivier Demesy (currently SVP Brazil) as SVP for Latin America, Europe and Africa.

Read the full press release here: Foraco International Announces Leadership Succession