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Rexel — Board/Management Information 2011
May 3, 2011
1628_iss_2011-05-03_08884096-6eae-41ae-8b06-3d39002ca753.pdf
Board/Management Information
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RUDY PROVOOST TO JOIN REXEL'S MANAGEMENT BOARD AND BECOME ITS CHAIRMAN IN 2012 WHEN JEAN-CHARLES PAUZE STEPS DOWN
Rexel's Supervisory Board has approved the appointment of Rudy PROVOOST as a member of the Management Board, effective on October 1, 2011, and the renewal of the mandate of its current members, subject to the modification of the bylaws regarding the maximum number of members of the Management board which will be submitted to the shareholders meeting the 19th of May.
In February 2012, Rudy PROVOOST will become Chairman of the Management Board when Jean-Charles PAUZE steps down from his current position following the publication of Rexel's 2011 results.
Jean-Charles PAUZE, who has been leading Rexel since 2002, has committed to remain at the disposal of the Group through the end of 2012 to ensure a smooth transition.
Rudy PROVOOST, a 51-year-old Belgian national, joins Rexel from Philips, which he joined in 2000 and where he enjoyed an outstanding career in senior executive positions. He is currently Chief Executive Officer of Philips Lighting. His global experience in the electrical industry will be a strong asset for Rexel, particularly as Rexel increasingly focuses on the growth in energy efficiency solutions and value-added services.
In addition to renewing Jean-Charles PAUZE's mandate, the Supervisory Board also approved the renewal of the mandate of the other members of the Management Board, Michel FAVRE (Chief Financial Officer and Group Senior Vice President), Pascal MARTIN (Group Senior Vice President Business Development and Corporate Operations) and Jean-Dominique PERRET (Group Senior Vice President Human Resources, Group Delegate for International Businesses).
Speaking on behalf of Rexel's Supervisory Board, its Chairman, Roberto QUARTA, declared: "We are delighted to welcome Rudy PROVOOST to Rexel. His international background, varied management experience and longstanding knowledge of the electrical industry will be strong assets for the Group. Over the past several years, under the leadership of Jean-Charles PAUZE, Rexel has doubled in size, significantly enhanced its business model and consolidated its global leadership. The organized management transition put in place by Rexel, in line with best practices of corporate governance, and Rexel's strong fundamentals will allow the Group in the future to continue on its path of expansion and profitable growth under Rudy PROVOOST's leadership."
Biography
Rudy PROVOOST has been with Philips since October 2000, when he joined as Executive Vice-President of Consumer Electronics in Europe. In 2004, he became Chief Executive Officer of the Consumer Electronics division and was appointed member of the Board of Management of Philips in 2006. He went on to become Chief Executive Officer of the Lighting sector in 2008, as well as Chairman of Philips's Sustainability Board. Prior to his Philips career, Rudy PROVOOST held a variety of senior executive positions at Procter & Gamble (1984-1987), Canon (1987-1992) and Whirlpool (1992-2000). Rudy PROVOOST was born in 1959 in Belgium and holds degrees in Psychology and Business Administration from the University of Ghent in Belgium.
Rexel, a global leader in the distribution of electrical supplies, serves three main end markets: industrial, commercial and residential. The Group operates in 36 countries, with a network of some 2,200 branches, and employs 28,000 people. Rexel's sales were €12.0 billion in 2010. Its majority shareholders are an investor group led by Clayton, Dubilier & Rice, Eurazeo and BAML Capital Partners.
Rexel is listed on the Eurolist market of Euronext Paris (compartment A, ticker RXL, ISIN code FR0010451203). It is integrated in the following indices: SBF 120, CAC Mid 100, SBF250, CAC AllTrade, CAC AllShares, FTSE EuroMid and FTSE4Good. For more information, visit Rexel's web site at www.rexel.com
CONTACTS
FINANCIAL ANALYSTS / INVESTORS PRESS
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Marc MAILLET Pénélope LINAGE-COHEN +33 1 42 85 76 12 +33 1 42 85 76 28 Florence MEILHAC Brunswick: Thomas KAMM +33 1 42 85 57 61 +33 1 53 96 83 92 [email protected] [email protected]