Saint-Gobain: Benoit Bazin will assume the place of President and Common Supervisor in June 2024

Posted on November 23. 2023 at 19:32

PARIS (AGY-Dow Jones)–Constructing supplies maker Saint-Gobain introduced its new governance place in June 2024, together with the reunification of the positions of president and normal supervisor.

Benoit Bazin, present Director Common, Saint-Gobain’s PDG can be issued to the Common Meeting (AG) on 6 June 2024. Pierre-André de Chalendar’s features have been restarted, with out him leaving the presidency. the earlier.

In parallel, Saint-Gobain introduced the candidacy of Jean-François Cirelli for the place of Unbiased Director since 2020 as Director and Vice-President of the Council. “Les pouvoirs de l’adminstrateur reférent seront renforcés,” a exact report from Saint-Gobain in a press release. The precise director is Jean-Dominique Senard, Chairman of the Board of Administrators of Renault.

Furthermore, the constructing supplies producer added that the portion of impartial directors will obtain 82% with three new administrators proposing to vote on the AG.

It was chaired by Sophie Brochu, former normal supervisor of electrical energy provider Hydro-Québec, Hélène Di Tissot, CFO of Pernod Ricard, and businessman Geoffroy Roux de Bézio.

These modifications are meant to allow Saint-Gobain to create a “governance construction higher tailored to its ambitions, challenges and alternatives”, and a neighborhood ethos.

There was a profound transformation in recent times for Saint-Gobain, making a decentralized payment-based group or strengthening its supply in rising markets, with out highlighting the various concessions and different acquisitions on the bottom.

One of the crucial necessary lively participations of Benoît Bazin, as approved Common Supervisor for the yr 2019, after which as Common Supervisor since 2021.

“Saint-Gobain a fait le choix de se Transformer pour ne pas mourir,” however “proceed to query the quantity of the three basic modifications left by Bazin,” Oddo BHF commented in a single be aware. Then again, monetary intermediaries say that the revaluation of the forex on the inventory change just isn’t a matter of time, contemplating the solidity of the brand new mannequin and a extra engaging valuation.

– Vincent Al-Sawwar, AGVI-Dow Jones; +33 (0)1 41 27 47 39; Ed: LBO

Agefi-Dow Jones Monetary Information Company

Dow Jones Newswire

23 November 2023, 13:32 ET (18:32 GMT)

Leave a Comment