Groupe Renault

Renault Board of Directors proposes appointment of Messrs. Pierre Fleuriot and Thierry Derez as New Independent Directors

February 15, 2018

Boulogne-Billancourt, February 15, 2018 – On the proposal of the Appointment and Governance Committee, the Board of Directors of Renault proposed at its meeting held on February 15, 2017, the appointment of Messrs. Pierre Fleuriot and Thierry Derez as new independent directors, as successors to Messrs. Marc Ladreit de Lacharrière et Thierry Desmarest, and the renewal of the directorship of Mrs. Pascale Sourisse and Catherine Barba and Messrs. Patrick Thomas and Yasuhiro Yamauchi.

 

Appointment of Messrs. Fleuriot and Derez

Mr. Pierre Fleuriot, graduate of the Institut d’Etudes Politiques de Paris and alumni of the Ecole Nationale d’Administration, started his career as financial auditor, then he became General Manager of the Commission des Opérations de Bourse. In 1997 he joined ABN AMRO, where he held various positions and lastly served as Senior Executive Vice-President of ABN AMRO and Vice-President of Wholesale Clients. In 2009 he became Chief Executive Officer of Credit Suisse France, in charge with the Investment Banking, Private Banking and Asset Management for France, Belgium and Luxembourg. He left the management of Credit Suisse France in 2016.


Admitted to the Paris Bar before joining the insurance group AM-GMF in 1995, first as Deputy Chief Executive Officer of GMF and then as Chairman and Chief Executive Officer of Assurances Mutuelles de France and of GMF in 2001, Mr. Derez was appointed Chairman and Chief Executive Officer of the AZUR-GMF Group in September 2003. He is currently Chairman of the Board of Directors of Assurances Mutuelles de France, of GMF Assurances and Chairman and Chief Executive Officer of Garantie Mutuelle des Fonctionnaires (GMF). He was appointed as director of MAAF Assurances in November 2004 and became its Chairman and Chief Executive Officer in June 2005. Since June 2007, he has been the Chairman of the Board of Directors of MMA IARD Assurances Mutuelles, MMA IARD, MMA Vie Assurances Mutuelles and MMA Vie. Since 2008, he has been Chairman and Chief Executive Officer of Covéa. He is a director of Scor.


The appointments of Messrs. Fleuriot and Derez aim at maintaining Chief Executive Officer expertise within the Board of Directors of Renault.

 

Mr. Carlos Ghosn, Chairman and Chief Executive Officer of Renault, declared:

Their appointment will strengthen the skill set of the Board of Directors in both finance and insurance and will valuably contribute to the strategy of Renault.

 

Departure of Messrs. Ladreit de Lacharrière and Desmarest

The term of office of Mr. Marc Ladreit de Lacharrière is due to expire at the close of the Annual General Meeting to be held on June 15, 2018. His directorship may not be proposed for renewal by reason of reaching the age limit laid down in the Company's articles of incorporation.


Mr. Thierry Desmarest informed the Board of Directors of his intent to resign as a Director for personal reasons. Accordingly, his resignation was accepted, effective February 15, 2018.


Mr. Carlos Ghosn, Chairman and Chief Executive Officer of Renault, declared:

I salute Marc Ladreit de Lacharrière’s and Thierry Desmarest’s remarkable contribution during their directorships.

 

Renewal of Directorships

The Board of Directors of Renault also proposed the renewal of the directorships of Mr. Patrick Thomas, Mrs. Pascale Sourisse, Mrs. Catherine Barba and Mr. Yasuhiro Yamauchi.

 

***

 

About Groupe Renault

Groupe Renault has been making cars since 1898. Today it is an international multi-brand group, selling close to 3.76 million vehicles in 127 countries in 2017, with 36 manufacturing sites, 12,700 points of sales and employing more than 120,000 people. To meet the major technological challenges of the future and continue its strategy of profitable growth, the Group is harnessing its international growth and the complementary fit of its five brands, Renault, Dacia and Renault Samsung Motors, Alpine and LADA, together with electric vehicles and the unique Alliance with Nissan and Mitsubishi. With a new team in Formula 1 and a strong commitment to Formula E, Renault sees motorsport as a vector of innovation and brand awareness.

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