09 févr.: Michelin :Plan de succession de Jean-Dominique Senard
09 févr.: Groupe ERAMET : Information sur le nombre total de droits de vote..
09/02/2018 14:15:25

Michelin : Succession plan for Jean-Dominique Senard

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PRESS RELEASE

Clermont-Ferrand - February 9, 2018 - 14h15

COMPAGNIE GENERALE DES ÉTABLISSEMENTS MICHELIN

Succession plan for Jean-Dominique Senard

The term of office of Michelin's Chief Executive Officer is due to expire at the close of the 2019 Annual Shareholders Meeting and, as he recently announced, Jean-Dominique Senard does not want to stand for re-election.

To plan his replacement in line with corporate governance best practices and in the Group's best interests, the Non-Managing General Partner, SAGES, engaged in a rigorous, thorough selection process several months ago in full cooperation with Michelin's Supervisory Board and Jean-Dominique Senard, General Managing Partner, himself.

As part of this process, and in accordance with the Company's Bylaws, the Board of Directors of SAGES made a recommendation that was presented by its Chairman, Jacques de Chateauvieux, to the Company's Supervisory Board meeting on February 9, 2018. The Supervisory Board issued a unanimous opinion in favor of SAGES' recommendation. The General Partners subsequently held a meeting during which this recommendation was approved by Jean-Dominique Senard.

All participants in the Company's governance system agreed that management continuity should be secured immediately, in line with Michelin's values.

As a result, the decision was made to submit the following resolutions to the shareholders at the Company's upcoming Annual Meeting in May 2018:

-              an extraordinary resolution to elect Florent Menegaux as General Managing Partner;

-              an ordinary resolution to elect Yves Chapot as Managing Partner.

Once these replacements have been made, and in accordance with the Company's Bylaws, SAGES will act on the Supervisory Board's recommendation and appoint Jean-Dominique Senard as Chief Executive Officer, to be succeeded by Florent Menegaux at the close of the 2019 Annual Shareholders Meeting.

Investor Relations

 

Valérie Magloire

+33 (0) 1 78 76 45 37

+33 (0) 6 76 21 88 12 (cell)

valerie.magloire@michelin.com

Edouard de Peufeilhoux

+33 (0) 4 73 32 74 47

+33 (0) 6 89 71 93 73 (cell)

valerie.magloire@michelin.com

 

Matthieu Dewavrin

+33 (0) 4 73 32 18 02

+33 (0) 6 71 14 17 05 (cell)

matthieu.dewavrin@michelin.com

 

Humbert de Feydeau

+33 (0) 4 73 32 68 39

+33 (0) 6 82 22 39 78 (cell)

humbert.de-feydeau@michelin.com

 

Media Relations

 

Corinne Meutey

  +33 (0) 1 78 76 45 27

  +33 (0) 6 08 00 13 85 (cell)

corinne.meutey@michelin.com

 

 

Individual Shareholders

Jacques Engasser

  +33 (0) 4 73 98 59 08

jacques.engasser@michelin.com

 

20180209_MICHELIN_SUCCESSION JD SENARD_EN


This announcement is distributed by Nasdaq Corporate Solutions on behalf of Nasdaq Corporate Solutions clients.

The issuer of this announcement warrants that they are solely responsible for the content, accuracy and originality of the information contained therein.

Source: Michelin via Globenewswire

09 févr.: Michelin :Plan de succession de Jean-Dominique Senard
09 févr.: Groupe ERAMET : Information sur le nombre total de droits de vote..

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