FRACF - Foraco International SA

Foraco International SA

26 Plage de l’Estaque
Marseille 13016
France
33 4 96 15 13 60
https://foraco.com

Sector(s): Basic Materials
Industry: Other Industrial Metals & Mining
Full-time employees: 2,860

Key executives

Name	Title	Pay	Exercised	Year born
Mr. Daniel Simoncini	Co-CEO & Chairman	1.38M	N/A	1958
Mr. Jean-Pierre Charmensat	Co-CEO, Acting CFO & Director	2.76M	N/A	1951
Mr. Timothy Bremner	Sr. VP of North America	392.27k	N/A	N/A
Mr. Fabien Sevestre	Deputy Chief Financial Officer	247.99k	N/A	N/A
Mr. Olivier Demesy	Sr. VP of Brazil	303.35k	N/A	N/A
Ms. Laurence Mahieux	Corp. Counsel	N/A	N/A	N/A
Mr. Peter Jacobs	Sr. VP of Asia Pacific	N/A	N/A	N/A
Mr. Philippe Violle	VP of Engineering & Technical Services	N/A	N/A	N/A

Amounts are as of 31 December 2022, and compensation values are for the last fiscal year ending on that date. Pay includes salary, bonuses, etc. Exercised is the value of options exercised during the fiscal year. Currency in USD.

Description

Foraco International SA, together with its subsidiaries, provides drilling services worldwide. It operates through two segments: Mining and Water. The company offers its drilling services to the mining and energy industry, such as exploration, development, and production related drilling services. It also drills wells for drinking, irrigation, and industrial water; and undertakes a range of projects, including village water drilling programs, specialized drilling projects to access mineral water using sanitary protection methods, and large diameter well fields for residential supply in urban environments, as well as provides inspection, servicing, and rehabilitation services for existing wells. In addition, the company offers drilling services offered to the environmental and construction industry such as geological exploration and geotechnical drilling. It serves mining, geological, and hydraulic drilling sectors. The company was founded in 1961 and is headquartered in Marseille, France.

Corporate governance

Foraco International SA’s ISS governance QualityScore as of N/A is N/A. The pillar scores are Audit: N/A; Board: N/A; Shareholder rights: N/A; Compensation: N/A.

Corporate governance scores courtesy of Institutional Shareholder Services (ISS). Scores indicate decile rank relative to index or region. A decile score of 1 indicates lower governance risk, while 10 indicates higher governance risk.