Foraco International SA (FAR.TO)

1.4500 +0.0200 (+1.40%) At close: 02:14PM EDT

Foraco International SA

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

Sector(s): Basic Materials
Industry: Other Industrial Metals & Mining
Full Time Employees: 2,937

Key Executives

Name	Title	Pay	Exercised	Year Born
Mr. Daniel Simoncini	Chairman & CEO	1.43M	N/A	1958
Mr. Jean-Pierre Charmensat	Vice CEO, Acting CFO & Director	2.48M	N/A	1951
Mr. Timothy Bremner	Sr. VP of North America	424.36k	N/A	N/A
Mr. Peter Jacobs	Sr. VP of Asia Pacific	271.37k	N/A	N/A
Mr. Olivier Demesy	VP of Brazil & Argentina	249.17k	N/A	N/A
Ms. Laurence Mahieux	Corp. Counsel	N/A	N/A	N/A
Mr. Fabien Sevestre	Deputy Chief Financial Officer	N/A	N/A	N/A
Mr. Philippe Violle	VP of Engineering & Technical Services	N/A	N/A	N/A

Amounts are as of December 31, 2021 and compensation values are for the last fiscal year ending on that date. Pay is salary, bonuses, etc. Exercised is the value of options exercised during the fiscal year. Currency in CAD.

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 underground water drilling services. It also drills wells for drinking, irrigation, industrial water, and dewatering wells; 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. As of December 31, 2021, the company operated 302 drill rigs, including 62 rotary drilling rigs, 190 core diamond drilling rigs, 18 combination rigs, and 32 underground rigs. It serves mining companies, governmental organizations, and international development funds. 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 a 10 indicates higher governance risk.