Alf Melin has been appointed the new CFO of TechnipFMC. He replaces Maryann Mannen, who is leaving to become the CFO at Ohio-based Marathon Petroleum Corporation.
TechnipFMC is in the process of splitting into two publicly-traded companies by hiving off Technip Energies, its Engineering & Construction business. The product business will be based in Houston, while the Energies business will have its head office in Paris.
Mr. Melin has been with the company since 1995 and is currently the Senior VP of Finance Operations. He has has direct oversight of the finance operations of the Subsea segment, He has held various operational roles and is a graduate of Lund University in Sweden. No compensation details were disclosed.
Ms. Mannen joined FMC Technologies in 1986 and was its CFO between March 2014 and January 2017. After FMC merged with Technip, she became the CFO of the combined business. At Marathon, she will receive a base salary of $925,000, a raise on her $803,000 base at TechnipFMC.
Marathon Petroleum is a downstream energy business owning refineries and the Speedway retail convenience stores. In 2011 it was spun out of its former parent, Marathon Oil, which is now an upstream exploration and production company, based in Houston.