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King of cost cuts, Pouyanne readies Total for new growth era Feb 14, 2017
 
<p><a href="http://news.yahoo.com/king-cost-cuts-pouyanne-readies-total-growth-era-071438151--finance.html"><img src="http://l.yimg.com/bt/api/res/1.2/1ChHNKUb6C7AoCdZROp_Qw--/YXBwaWQ9eW5ld3NfbGVnbztmaT1maWxsO2g9ODY7cT03NTt3PTEzMA--/http://media.zenfs.com/en_us/News/Reuters/2017-02-14T071438Z_1006950001_LYNXMPED1D0DW_RTROPTP_2_CBUSINESS-US-TOTAL-CEO-ANALYSIS.JPG" width="130" height="86" alt="Total CEO Patrick Pouyanne attends an economic forum in Paris" align="left" title="Total CEO Patrick Pouyanne attends an economic forum in Paris" border="0" /></a>By Bate Felix and Ron Bousso PARIS/LONDON (Reuters) - When Patrick Pouyanne took over as the head of Total's loss-making refinery division in 2011, he demanded a breakdown of costs for every single unit. Frustrated, he sent his lieutenants to produce numbers showing which units of the French oil major were performing well and which needed urgent cost cuts to stop hemorrhaging profit. Brutal cost-cutting became Pouyanne's trademark and has served him well ever since - he turned around the refining unit, more than doubling net income in just three years.</p><br clear="all"/>
 
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