PRESS RELEASE
June 13, 2017 | |||
APPOINTMENT OF DOMINIQUE D'HINNIN TO EDENRED'S BOARD OF DIRECTORS |
At its meeting on June 8, 2017, Edenred's Board of Directors appointed Dominique D'Hinnin as a Director of Edenred. Shareholders will be asked to ratify this appointment at the Annual Shareholders' Meeting to be held to approve the 2017 financial statements.
Dominique D'Hinnin is currently a member of the Board of Directors of Eutelsat Communications SA, leading satellite operator in Europe, North Africa and the Middle East, of Spanish media group PRISA, and of Belgian retail group Louis Delhaize SA.
His term as a Director of Edenred will expire at the Annual Shareholders' Meeting called to approve the financial statements for 2019. This corresponds to the period remaining for the term of Nadra Moussalem, who is resigning from his position as a Director of Edenred following Colony Capital's sale of its stake in the Group in January 2017.
Dominique D'Hinnin, 57, is a French citizen and a graduate of Ecole Normale Supérieure and Ecole Nationale d'Administration. He began his career in 1986 with France's Inspection des Finances before joining Lagardère as Chief Internal Auditor in 1990. In 1993, he became Chief Financial Officer of Hachette Livre and went on to be named Executive Vice President of Grolier Inc (Connecticut, USA) in 1994. In 1998, he was appointed Chief Financial Officer of the Lagardère group, where he also held the position of co-managing partner between 2009 and 2016.
By decision of Edenred's Board of Directors, Dominique D'Hinnin will also be a member of the Audit and Risks Committee.
Bertrand Dumazy, Chairman and CEO of Edenred, said: "I'm very pleased that the Board has decided to appoint Dominique D'Hinnin as a Director of Edenred. His financial experience and contribution to the Boards of other companies, both listed and unlisted, make Dominique the perfect candidate for this role as a Director of Edenred.
On the Board's behalf, I extend our heartfelt thanks to Nadra Moussalem for his contribution to the Board since the Company's initial public offering in 2010. His strategic vision and his role in the transition of our governance have been decisive factors in the Group's development".
The Board of Directors noted that Dominique D'Hinnin qualifies as an Independent Director according to the AFEP/MEDEF corporate governance code. Edenred now has 10 Directors, of which 90% are independent and 40% are women.
Edenred's Board of Directors now has the following 10 members, as well as Board observer Philippe Citerne:
* Independent Director
Membership of the three standing Board Committees is now as follows:
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Edenred, which invented the Ticket Restaurant® meal voucher and is the world leader in prepaid corporate services, designs and manages solutions for companies and public institutions seeking to provide purchasing power, optimize their expenses and motivate their teams. The Group's solutions are used across a network of 1.4 million affiliated merchants by 43 million employees working for 750,000 client organizations. The portfolio is built around two main business lines:
Edenred also offers complementary solutions for managing transactional ecosystems, covering corporate payments (Edenred Corporate Payment), incentives and rewards (Ticket Compliments, Ticket Kadéos) and public social programs.
Listed on the Euronext Paris stock exchange, Edenred operates in 42 countries, with close to 8,000 employees. In 2016, the transaction volume managed by Edenred amounted to almost €20 billion.
Ticket Restaurant® and all other tradenames of Edenred products and services are registered trademarks of Edenred SA.
Follow Edenred on Twitter: www.twitter.com/Edenred
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CONTACTS
Media Relations Anne-Sophie Sibout +33 (0)1 74 31 86 11 anne-sophie.sibout@edenred.com Anne-Sophie Sergent +33 (0)1 74 31 86 27 anne-sophie.sergent@edenred.com | Investor and Shareholder Relations Solène Zammito +33 (0)1 74 31 88 68 solene.zammito@edenred.com Aurélie Bozza +33 (0)1 74 31 84 16 aurelie.bozza@edenred.com |
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