The term of office for Michelin’s CEO is due to expire at the close of the 2019 annual shareholders meeting and, as he recently announced, Jean-Dominique Senard has stated he does not want to stand for re-election.
To plan his replacement in line with corporate governance best practices and in the group’s best interests, the company engaged in a thorough selection process that began several months ago in full cooperation with Senard and Michelin’s supervisory board.
As a result, the decision was made to submit the following resolutions to the shareholders at the company’s upcoming annual meeting in May 2018:
- An extraordinary resolution to elect Florent Menegaux as general managing partner;
- An ordinary resolution to elect Yves Chapot as managing partner
Once these replacements have been made, and in accordance with the company’s bylaws, Jean-Dominique Senard will be succeeded as CEO by Menegaux at the close of the 2019 Annual Shareholders Meeting.
