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Mersen — Governance Information 2016
Apr 4, 2016
1518_iss_2016-04-04_fc84baff-b066-4313-a0f6-fd82aa46ed31.pdf
Governance Information
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PRESS RELEASE
MERSEN TO PROPOSE CHANGES TO ITS GOVERNANCE FRAMEWORK
PARIS, APRIL 4, 2016 - Mersen (Euronext FR0000039620 – MRN), a global expert in electrical power and advanced materials, is announcing that its Supervisory Board decided at its meeting on March 24, 2016 to propose changes to the Group's governance framework.
The changes, which will be submitted for shareholders' approval, consist in replacing the existing twotier structure of a Supervisory Board and a Management Board with a unitary structure consisting solely of a Board of Directors. This streamlined governance structure will increase Mersen's responsiveness in a consistently more complex economic environment. The switch to a Board of Directors will also enhance oversight of the Group and foster closer cooperation between the Board and Executive Management.
These changes will be submitted for approval at the forthcoming Annual General Meeting of the Shareholders on May 11, 2016. To this end, draft resolutions will also be presented at this Annual General Meeting to appoint all the existing members of the Supervisory Board as directors for their remaining term in office.
Subject to shareholders' approval of the resolutions, the Board of Directors at its meeting at the close of the Annual General Meeting will determine the organization of the Group's Executive Management and Board Committees, with reference to best practices in corporate governance. It will also consider the appointment of Hervé Couffin as Chairman of the Board of Directors and Luc Themelin as Chief Executive Officer.
ABOUT MERSEN
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 its 6,400 employees working across 35 countries, recorded sales of 772 million euros in 2015.
THE GROUP IS LISTED ON EURONEXT PARIS – COMPARTMENT B
PRESS RELEASE
Email: [email protected]
CONTACT PRESS CONTACT
Véronique Boca Nicolas Jehly / Guillaume Granier
VP, Communication FTI Consulting Strategic Communications
Mersen Tel: +33 (0)1 47 03 68 10
Tel: + 33 (0)1 46 91 54 40 Email: [email protected] / [email protected]