Nanterre, 28 May 2019
FAURECIA SHAREHOLDERS' MEETING
CHANGE IN THE COMPOSITION OF THE BOARD OF DIRECTORS
DIVIDEND OF €1.25 PER SHARE
All the resolutions were adopted at Faurecia's Annual Shareholders’ Meeting held in Paris today under the chairmanship of Michel de Rosen.
The shareholders approved the appointment for a four-year term of three new board members:
- Ms. Yan Mei, 63, a Chinese national, is Senior Partner, Chair of China Brunswick Group,
- Mr. Denis Mercier, 59, a French national, is Deputy Chief Executive Officer of Fives Group, member of the Executive Committee and Chairman of the French Flying School Board,
- Dr. Peter Mertens, 58, a German national, is Chief Technical Officer at Audi until 1 November 2019.
The appointments of Yan Mei and Denis Mercier are effective immediately; that of Peter Mertens will take effect on 1 November 2019. Detailed biographies of the board members are available in Faurecia’s 2018 Registration Document published on the www.faurecia.com website. The mandates of Bernadette Spinoy, Eric Bourdais de Charbonnière and Hans-Georg Härter, have expired and are not renewed.
The Annual Shareholders’ Meeting also approved the interim appointments of Philippe de Rovira and Grégoire Olivier as board members, initiated on rulings by the Board of Directors on 19 July 2018 and 10 October 2018, respectively. The mandate of Grégoire Olivier has also been renewed for a period of four years.
Following the Annual Shareholders’ Meeting, Faurecia’s Board of Directors now comprises 15 members, including two employee representatives, eight independent members and six women.
Taking into account the Group’s performance, the Annual Shareholders’ Meeting also approved the distribution of a gross dividend of €1.25 per share, to be paid in cash. The ex-coupon date will be May 31, 2019 and the dividend will be paid on June 4, 2019.
Michel de Rosen, Chairman of the Board of Faurecia declared: “The change in the composition of Faurecia’s Board of Directors is fully in line with the Group's strategy and brings new expertise to the Board. We would like to extend a warm welcome to our new members. On behalf of the Board and the Group as a whole, I would like to thank Bernadette Spinoy, Eric Bourdais de Charbonnière and Hans-Georg Härter for their considerable and unfailing contribution to the work of the Board and its committees and to the transformation of the Group throughout their mandates.”
The presentation broadcasted at the Annual Shareholders’ Meeting, together with the results of the resolution votes, will be available on Faurecia’s website: www.faurecia.com
Next event
- First-half 2019 results: Tuesday 23 July 2019
| Contacts Presse Eric FOHLEN-WEILL Head of Corporate communications Tel: +33 (0)1 72 36 72 58 eric.fohlen-weill@faurecia.com |
| Analystes/Investisseurs Marc MAILLET Head of Investor Relations Tel: +33 (0)1 72 36 75 70 marc.maillet@faurecia.com | Anne-Sophie JUGEAN Deputy Head of Investor Relations Tel: +33 (0)1 72 36 71 31 annesophie.jugean@faurecia.com |
About Faurecia
Founded in 1997, Faurecia has grown to become a major player in the global automotive industry. With around 300 sites including 35 R&D centers and 122,000 employees in 37 countries, Faurecia is a global leader in its four areas of business: Seating, Interiors, Clarion Electronics and Clean Mobility. Faurecia has focused its technology strategy on providing solutions for the “Cockpit of the Future” and “Sustainable Mobility”. In 2018, the Group posted sales of €17.5 billion. Faurecia is listed on the Euronext Paris stock exchange and is a component of the CAC Next 20 index. For more information, please visit www.faurecia.com
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