Mr. Charmensat has been a Director and Executive Officer of Foraco since incorporation. Prior to his involvement with the company, Mr. Charmensat held various senior management positions with other entities. From 1995 to 1997, Mr. Charmensat was Chief Financial Officer of the LOHR group in France, a worldwide specialist in the design and manufacture of transportation systems. From 1990 to 1995, Mr. Charmensat served as Chief Financial Officer of Stolt Comex Seaway SA, predecessor to Acergy SA, listed on the NASDAQ. From 1975 to 1990, Mr. Charmensat held various financial management positions in France and Chile with Spie-Batignolles, a group of international engineering and construction companies. Mr. Charmensat holds a Master of Business Administration from the University of Pantheon Sorbonne in France, and a Master of Economics from the University of Aix en Provence in France.