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Rexel — Board/Management Information 2014
May 22, 2014
1628_iss_2014-05-22_47e756bc-b9f0-41a6-93ad-853562ac1a2d.pdf
Board/Management Information
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REXEL MOVES TO A NEW ONE-TIER GOVERNANCE STRUCTURE WITH BOARD OF DIRECTORS
At Rexel's Annual General Meeting, held on May 22, shareholders voted in favor of moving from a dual board structure with a Supervisory Board ("Conseil de Surveillance") and Management Board ("Directoire"), to a one-tier structure with a Board of Directors ("Conseil d'Administration"). This change reflects the evolution of Rexel's shareholding structure and aims at:
- Simplifying the decision making process,
- Accelerating the implementation of the Group's strategy,
- Reinforcing the Board's accountability,
- Creating greater proximity between Board members and Executive committee members.
Rudy Provoost has been appointed Chairman and CEO ("Président-Directeur Général") and Catherine Guillouard assumes the role of Deputy-CEO. Catherine Guillouard will sit on the Board as a permanent invitee.
In order to ensure a robust governance model, François Henrot has been nominated Vice-President and Senior Independent Director, with the following responsibilities:
- In the event the Chairman and CEO is unable to fulfill his role, the Vice-President has the authority to take over his responsibilities with the same rights as those held by the Chairman
- In his role as Senior Independent Director he has the authority to call a meeting of board members, at least once a year, without the presence of the corporate officers
- He is responsible for conducting annual reviews of the organization and the workings of the Board and specialized committees
- He also has the power to meet with existing and potential shareholders upon request and communicate any governance-related concerns to the board
The Board of Directors is supported by:
- The Nomination Committee, chaired by François Henrot,
- The Compensation Committee, chaired by Patrick Sayer,
- The Strategic Committee, chaired by Pier-Luigi Sigismondi,
- The Audit and Risks Committee, chaired by Fritz Frohlich.
About Rexel Group
Rexel, a global leader in the professional distribution of products and services for the energy world, addresses three main markets - industrial, commercial and residential. The Group supports customers around the globe, wherever they are, to create value and run their businesses better. With a network of some 2,300 branches in 38 countries, and c. 30,000 employees, Rexel recorded sales of €13 billion in 2013.
Rexel is listed on the Eurolist market of Euronext Paris (compartment A, ticker RXL, ISIN code FR0010451203). It is included in the following indices: SBF 120, CAC Mid 100, CAC AllTrade, CAC AllShares, FTSE EuroMid, and STOXX600. Rexel is also part of several SRI indices including the DJSI Europe and the FTSE4Good Europe & Global. For more information, visit Rexel's web site at www.rexel.com
CONTACTS
| INVESTOR RELATIONS Marc MAILLET Florence MEILHAC |
+33 1 42 85 76 12 +33 1 42 85 57 61 |
[email protected] [email protected] |
|---|---|---|
| PRESS Pénélope LINAGE Karolina ADAMKIEWICZ |
+33 1 42 85 76 28 +33 1 42 85 76 39 |
[email protected] [email protected] |
| Thomas KAMM (Brunswick Group) | +33 1 53 96 83 92 | [email protected] |