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Mersen Board of Directors

The Board

Mersen board of directors
The President and the members

01. Olivier Legrain, Chairman - Independent member

Olivier Legrain, Chairman - Board Mersen

01. Olivier Legrain, Chairman - Independent member

Olivier Legrain began his career with Rhône-Poulenc, where he held executive positions in various business units. He then joined Lafarge as a member of its executive committee, in charge of specialty materials and strategy. He later became Chairman of Materis, after organizing its exit from the Lafarge group.

02. Isabelle Azemard, Representative of Bpifrance Investissement

Isabelle Azemard, Representative of Bpifrance Investissement - Mersen board

02. Isabelle Azemard, Representative of Bpifrance Investissement

Isabelle Azemard spent her career in the Thales Group, including 20 years in sales and marketing management positions, primarily at the international level. Since 2013, she has been a consultant to business executives.

03. Pierre Creusy, Representing employees

Pierre Creusy, Representing employees - Mersen board

03. Pierre Creusy, Representing employees

Pierre Creusy joined Mersen in 1986. He held positions in production engineering and subsequently in product management before joining Mersen’s Corporate Finance. He took on business responsibilities in Asia in 1999 and was Director of Strategic Projects and Integrated Business Planning in the Electrical Power segment. Since May 2021, he is Director of Industrial Performance & Health, Safety and Environment for the Electrical Power Segment.

04. Michel Crochon, Independent member

Michel Crochon, Independent member - Mersen board

04. Michel Crochon, Independent member

Michel Crochon has spent the majority of his career at Schneider Electric, where he held various industrial, commercial and development-related positions, in Europe and Asia. During his 12 years as a member of the group's executive committee, he headed up several business units. In his most recent position, he was in charge of corporate strategy and technology.

05. Carolle Foissaud, Independent member

Carolle Foissaud, Independent member - mersen board

05. Carolle Foissaud, Independent member

Carolle Foissaud has spent the bulk of her career with the Areva Group, primarily in operational positions within the Connectors, Fuel, Reactors and Cleanup units. She had been Chairman and CEO of Areva TA and Director of the Propulsion and Research Reactors Business Division until beginning of 2017. She has been Chief Executive Officer of the Industry segment at Bouygues Energies & Services since September 1, 2017. Since September 1, 2021, she is CEO of the Specialties Division at Equans France.

06. Magali Joëssel, Permanent Representative of Bpifrance Investissement

Magali Joëssel, Permanent Representative of Bpifrance Investissement - Mersen board

06. Magali Joëssel, Permanent Representative of Bpifrance Investissement

Magali Joëssel began her career with the Inspectorate General of Finance at the French Ministry of Economic and Financial Affairs, before being named General Interest Investment Manager with Caisse des Dépôts et Consignations. She joined Bpifrance in mid-2013 and currently holds the position of Strategy Manager. Since September 2014, Magali Joëssel has been in charge of the Industrial Project Companies fund.

07. Ulrike Steinhorst, Independent member

Ulrike Steinhorst, Independent member - Mersen Board

07. Ulrike Steinhorst, Independent member

Ulrike Steinhorst began her career in France at the Ministry of European Affairs. She joined EDF’s International Division in 1990 before joining the Degussa group in 1999. She held several positions there, in Germany and in France, where she directed Degussa’s French subsidiary. In 2007, she moved to EADS as Chief of Staff to the CEO. In 2012, she joined the Research Directorate of the Airbus Group, where she became Head of Strategy, Planning and Finance.

08. Denis Thiery, Independent member

Denis Thiery, Independent member - Mersen board

08. Denis Thiery, Independent member

Denis Thiery worked at Wang France between 1984 and 1991, where he held various different posts, including Chief Financial Officer from 1989. From 1991 through 1997, he served as Chief Financial Officer and then Chief Executive Officer of Moorings, a world leader in boat charters based in the United States. He then joined the Neopost group as Group Chief Financial Officer in 1998 where he served as Group Chief Executive Officer from 2007 through 2018 and Chairman of the Board of Directors from January 2010 until July 2019.

09. Luc Themelin, Chief Executive Office

Luc Themelin, Mersen CEO

09. Luc Themelin, Chief Executive Office

Luc Themelin is Mersen’s Chief Executive Officer since May 11, 2016. He was Chairman of the Management Board between August, 2011 and May 2016.
He joined the Mersen group in 1993 as a Research and Development engineer. He was appointed Director of the Braking Division in 1998 and Director of the High Temperatures Division in 2004. He joined the Executive Committee in 2005, while continuing to manage the Braking Division and overseeing the High Temperatures Division. On July 1, 2008, Luc Themelin was appointed as Supervisor of the Electrical Applications division and a member of the Management Board in May 2009.

Luc Themelin holds a Ph.D. in ceramic materials science.

Board of Directors's Committees

To control two specific areas of governance that are strategically important for the Group, the Board of directors has set up two committees, namely the Audit and Accounts Committee and the Governance, Nomination and Remuneration Committee.

Audit and Accounts Committee

Chairman: Denis Thiery
Members: Michel Crochon, Carolle Foissaud, Magali Joëssel

Governance, Nomination and Remuneration Committee

Chairman: Ulrike Steinhorst
Members: Isabelle Azemard, Pierre Creusy, Olivier Legrain, Denis Thiery

Internal Control

The Executive committee of Mersen designs and supervises internal control policy and arrangements. Each business unit manager is then responsible for implementing them. A handbook listing all the minimum internal control procedures is circulated to the entire Group.