Board/Management Information • May 28, 2013
Board/Management Information
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Nanterre, May 28, 2013
Faurecia today announced that Michel Favre will join the Group's Executive Committee on June 3. After an induction period, he will take up the position of Chief Financial Officer on September 1, 2013. Frank Imbert, who has been in this post since 2005, will be appointed General Secretary of the Group.
Michel was most recently Chief Financial Officer of Rexel Group. Prior to this he was the CFO of Casino Group from 2006 to 2009 and of Altadis Group from 2001 to 2006. He had previously spent 13 years with Valeo in a number of financial and operational roles, and in particular as Vice President of the Lighting Branch from 1999 to 2001. He started his career in the banking industry in 1982.
Commenting on this appointment, Yann Delabrière, Chairman and CEO of Faurecia said "I welcome the arrival of Michel Favre into the Executive Committee. His broad industry and financial experience, in particular in the automotive sector will strengthen the team and bring value to the Group."
Faurecia is the world's sixth-largest automotive equipment supplier with four key Business Groups: Automotive Seating, Emissions Control Technologies, Interior Systems and Automotive Exteriors. In 2012, the Group posted total sales of €17.4 billion. At December 31, 2012, Faurecia employed 94,000 people in 34 countries at 320 sites, including 30 R&D centers. Faurecia is listed on the NYSE Euronext Paris stock exchange and trades in the U.S. over-the-counter (OTC) market. For more information, visit: www.faurecia.com
Contacts Media
Olivier Le Friec Head of Media Relations Tel: +33 1 72 36 72 58 Cell: +33 6 76 87 30 17 [email protected]
TBWA\Corporate for Faurecia Mathieu Cadot Tel: +331 49 09 26 86 [email protected] Analysts/Investors Eric-Alain Michelis Director of Financial Communications Tel.: +33 1 72 36 75 70 Cell: +33 6 64 64 61 29 [email protected]
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