Imerys announces governance changes as from May 4, 2018

2018-03-09

Mar. 09, 2018 -Following the wish expressed by Mr. Gilles Michel to devote for personal reasons more time to his close family, the Board of Directors’ Appointments Committee, chaired by Mr Paul Desmarais III, has conducted an in-depth review of the Group’s leadership and governance. Its recommendations were presented to the Board of Directors on March 8, 2018 and unanimously approved. In particular, the Board has decided to separate the Group’s chairman of the board and chief executive officer roles.

Subject to their approval at the upcoming annual general meeting, the following decisions will be effective from May 4, 2018: 

To re-elect Gilles Michel as Chairman of the Board, separated from the CEO role. 

To appoint Mr. Conrad Keijzer as Imerys’ Chief Executive Officer and Director. 

Mrs. Marie-Françoise Walbaum and Mr Ulysses Kyriacopoulos to be re-elected as Directors. 

Subject to the approval of these decisions, the Board of Directors will be composed of 14 members, with women and independent directors accounting for 41.70 % of the Directors (5 out of 12, excluding the Directors representing the employees).