Laurent Burelle to leave Wendel's Supervisory Board after the May 18, 2017 Shareholders' Meeting
As a result of his election as president of AFEP (French association of private enterprises) on May 9, 2017, Laurent Burelle will leave Wendel's Supervisory Board as of the end of the May 18, 2017 Annual Shareholders' Meeting.
Mr. Burelle has decided to step down from several positions, including his membership of Wendel's Supervisory Board, so as to devote the time necessary to Compagnie Plastic Omnium, of which he is Chairman & CEO, as well as to his new position as President of AFEP.
Consequently, the seventh resolution of Wendel's May 18 Shareholders' Meeting, regarding the renewal of Mr. Burelle's appointment, has become null and void and will not be submitted to a vote.
Wendel wishes to express its appreciation to Mr. Burelle for his commitment and considerable contribution to Wendel's Supervisory Board.
After Wendel's Shareholders' Meeting, and subject to the approval of the resolutions for appointment and renewal of Board members, Wendel's Supervisory Board will be composed of 12 members, including five women, five independent members and one member representing employees, as in 2016.
The proportion of women on the Supervisory Board in 2017 will be 45%, already exceeding in 2017 the 40% objective set by law. The proportion of independent members on the Board (45%) will also exceed the recommendations of the AFEP-MEDEF code (33.33%).
Calendar
05/18/2017
Shareholders' Meeting / Publication of NAV and trading update (before Shareholders' Meeting)
In Paris
09/07/2017
H1 2017 earnings / Publication of NAV (pre-market release)
By conference call
11/30/2017
2017 Investor Day / Publication of NAV and trading update (pre-market release)
About Wendel
Wendel is one of Europe's leading listed investment firms. The Group invests in Europe, North America and Africa in companies that are leaders in their field, such as Bureau Veritas, Saint-Gobain, Cromology, Stahl, IHS, Constantia Flexibles and Allied Universal. Wendel plays an active role as industry shareholder in these companies. It implements long-term development strategies, which involve boosting growth and margins of companies so as to enhance their leading market positions. Through Oranje-Nassau Développement, which brings together opportunities for investment in growth, diversification and innovation, Wendel is also a shareholder of exceet in Germany, Mecatherm in France, Nippon Oil Pump in Japan, Saham Group, SGI Africa and Tsebo in Africa and CSP Technologies in the United States.
Wendel is listed on Eurolist by Euronext Paris.
Standard & Poor's ratings: Long-term: BBB-, stable outlook - Short-term: A-3 since July 7, 2014. Wendel is the Founding Sponsor of Centre Pompidou-Metz. In recognition of its long-term patronage of the arts, Wendel received the distinction of "Grand Mécène de la Culture" in 2012.
For more information: www.wendelgroup.com
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