Michelin : Jean-Dominique Senard Becomes Chairman of Renault and Will Continue to Serve as CEO of Michelin Until his Term Exp...

Date : 01/24/2019 @ 8:33PM
Source : GlobeNewswire
Stock : Michelin CGDEB (ML)
Quote : 108.6  1.95 (1.83%) @ 11:40PM
Michelin CGDEB share price Chart

Michelin : Jean-Dominique Senard Becomes Chairman of Renault and Will Continue to Serve as CEO of Michelin Until his Term Exp...

   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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