Michelin : Jean-Dominique Senard Becomes Chairman of Renault and Will Continue to Serve as CEO of Michelin Until his Term Exp...
January 24 2019 - 7:33AM
PRESS
RELEASE
Clermont-Ferrand, January, 24th 2019
COMPAGNIE
GÉNÉRALE DES ETABLISSEMENTS
MICHELIN
Jean-Dominique Senard Becomes Chairman of Renault
and Will Continue to Serve as CEO of Michelin Until his Term
Expires in May 2019
|
With the full backing of all
participants in Michelin's governance system, Jean-Dominique
Senard, Chief
Executive Officer of the Michelin Group, has agreed to become
Chairman of the Board of Directors of Renault effective January
24th, 2019.
Jean-Dominique Senard will continue to serve as Chief Executive
Officer of the Michelin Group until his term expires in May
2019.
The Group's leadership transition
announced in February 2018 has been underway since May 2018.
With the handover just a few weeks away, Florent Menegaux, Managing
Partner and future Chief Executive Officer, has already taken
on an increasingly significant role in steering the Group, in
seamless cooperation with Jean-Dominique Senard.
To ensure that the transition
proceeds in line with the most rigorous ethical standards, special
procedures will be implemented at Michelin.
In addition, Jean-Dominique Senard
has asked that the compensation policy applicable to him at
Michelin during this time should take into account the fact that he
will be holding two positions simultaneously, thus calling for a
reduction in his compensation.
Florent Menegaux will succeed
Jean-Dominique Senard as head of Michelin as planned following the
Group's Annual Shareholders Meeting to be held on May 17, 2019 in
Clermont-Ferrand,
France.
Relations Investisseurs
Édouard de Peufeilhoux
+33 (0) 4 73 32 74 47
+33 (0) 6 89 71 93 73 (mobile)
edouard.de-peufeilhoux@michelin.com
Matthieu Dewavrin
+33 (0) 4 73 32 18 02
+33 (0) 6 71 14 17 05 (mobile)
matthieu.dewavrin@michelin.com
Humbert de Feydeau
+33 (0) 4 73 32 68 39
+33 (0) 6 82 22 39 78 (mobile)
humbert.de-feydeau@michelin.com
|
Relations Presse
Corinne Meutey
+33 (0) 1 78 76 45 27
+33 (0) 6 08 00 13 85 (mobile)
corinne.meutey@michelin.com
Actionnaires individuels
Isabelle Maizaud-Aucouturier
+33 (0) 4 73 98 59 27
isabelle.maizaud-aucouturier@michelin.com
Clémence Rodriguez
+33 (0) 4 73 98 59 25
clemence.daturi-rodriguez@michelin.com
|
20190124_Michelin_PR_ JD Senard's
role
This
announcement is distributed by West Corporation on behalf of West
Corporation clients.
The issuer of this announcement warrants that they are solely
responsible for the content, accuracy and originality of the
information contained therein.
Source: Michelin via Globenewswire
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