Thierry Desmarest

Who is Thierry Desmarest?

Thierry Desmarest is a French businessman. He is the current chairman of Total. He was also Chief Executive Officer at Total from May 1995 until February 2007, when he was replaced by Christophe de Margerie.

In 1999, Desmarest had led the TotalFina oil company through the acquisition of a Belgium oil company, Petrofina, for an immodest $12 billion. In July 1999, Desmarest had also led the TotalFina enterprise through the acquisition of Elf Acquitaine for $44 billion, it was this procurement that raised TotalFina to the fourth largest oil company in the world. Before his service as the CEO of TotalFina, Desmarest was the engineering wiz who led the companies exploration and production department. Desmarest has multinational and continental experience within the oil industry. As a head of the exploration and production department at TotalFina he was stationed in Venezuela and Algeria. During his time over seas, he procured many cheap and high value oil and gas reserves to add to Totalfina's oil supply. In 1995, within Desmarest fist few weeks he had closed a landmark deal with Tehran in Iran making Totalfina the first oil company outside of Iran to drill for oil since 1979.