Mersen: Changes to the Board of Directors
Paris, April 10, 2019 – Mersen (Euronext FR0000039620 – MRN), a global expert in electrical power and advanced materials, has announced the changes to its Board of Directors that will apply from the close of the Annual General Meeting to be held on May 17, 2019.
After close to 12 years as an independent director of the company, the Chairman of the Audit and Accounts Committee, Henri-Dominique Petit, will not be standing for re-election at the Annual General Meeting of May 17, 2019, thereby ensuring that Mersen complies with the recommendations of the AFEP-MEDEF Code on the maximum duration of independent directors’ terms of office.
The Board of Directors would like to warmly thank Henri-Dominique Petit for his outstanding contribution to the work of the Board and particularly the work of the Audit and Accounts Committee over the years.
The General Meeting will be asked to approve the appointment of Denis Thiery as a new director. In accordance with the recommendations of the Governance and Remuneration Committee, Denis Thiery fulfills the requisite independence criteria and brings his extensive experience to the Board as Chief Financial Officer for several companies (Wang France 1984-1991, Moorings 1991-1997, Neopost 1998-2007), and Chief Executive Officer of a peer international group. Aged 63, he has been Chairman of Neopost’s Board of Directors since 2018, following an nine-year term as Chief Executive Officer.
The General Meeting will also be asked to approve the renewal of Bpifrance Investissement’s term of office. Catherine Delcroix, whose term of office will expire, has not requested that it be renewed. The Board extends its sincere thanks to Catherine Delcroix for her constant constructive and effective contribution to its work.
Subject to shareholders' approval of the appointment of Denis Thiery and the renewal of Bpifrance Investissement’s term of office, the Board of Directors will have ten members (including five independent directors and one director to represent the employees). The proportion of women directors on the Board will be at 44%.
The Audit and Accounts Committee will be chaired by Denis Thiery and will have four members, three of whom will be independent. Yann Chareton has accepted to leave the Committee while remaining on the Board of Directors so as to respect the AFEP-MEDEF rules on Audit and Accounts Committee members.
A global expert in electrical power and advanced materials, Mersen designs innovative solutions to address its clients' specific needs to enable them to optimize their manufacturing performance in sectors such as energy, electronics, transportation, chemicals & pharmaceuticals and process industries.
Mersen, with 6,900 employees working across 35 countries, recorded sales of €879 million in 2018.
Mersen is listed on Euronext Paris – Compartment B
INVESTOR AND ANALYST CONTACT
VP, Communication Mersen
Tel. + 33 (0)1 46 91 54 40
FTI Consulting Strategic Communications
Stanislas Mulliez/Guillaume Granier
Tel. +33 (0)1 47 03 68 10
Email: firstname.lastname@example.org / email@example.com