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Succession Plan Announced For Jean-Dominique Senard At Michelin

To plan for the replacement of Senard (pictured left) 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.

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Left to right: Senard, Menegaux and Chapot

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.

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