Regulatory News:
ESI Group, (Paris:ESI) (ISIN Code: FR0004110310,
Symbol: ESI), announces as part of the evolution of its governance,
effective February 8th, 2021, the appointment of Alex Davern as
Director and Chairman of the Board of Directors, changes to the
organization of the Board and the planned retirement of Vincent
Chaillou, Corporate COO.
Chairman of the Board
As of February 8th, 2021, Alex
Davern is appointed Director and chairman of the ESI Group board of
directors. Alex Davern was appointed independent observer by ESI
Board of Directors in October 2020, and was previously CEO of
National Instruments, Inc. (NATI:NASDAQ).
Alex Davern, comments: “I have
enjoyed working with Cristel and the team at ESI and I see great
potential in the unique value that ESI Group brings to its
customers. I look forward to continuing to work with Cristel and
the rest of the Board to complete ESI’s transformation to empower
manufacturers with powerful and results-oriented
solutions.”
Cristel de Rouvray, CEO
comments: “Building on decades of technological excellence, ESI
Group made the bold decision to transform and aim for sustained
improvement in our performance to ensure we have the resources
necessary to execute on our vision and mission. Alex Davern’s 26
years of experience in growing and transforming National
Instruments, together with the continued support of our board, will
be an invaluable help to me and ESI. I am committed to leading ESI
in the years to come.”
Bio of Alex Davern
Alex Davern served National
Instruments (NATI: NASDAQ), a global leader in automated test and
automated measurement systems for 26 years in successive leadership
positions including as Chief Operating Officer and Chief Executive
Officer. Alex Davern contributed to the company's development until
it reached approximately $1.4 billion in sales with more than 7,000
people in 50 countries. Alex Davern has recently stepped down from
his role as CEO to focus on serving as a board member of National
Instruments Inc., Cirrus Logic Inc. and ESI Group.
He graduated from University
College Dublin in 1986 and has dual Irish and US
citizenship.
Composition of the Board of Directors
Anticipating the end of his
mandate at the June 2021 shareholders meeting, Charles-Helen des
Isnards has stepped down from ESI's Board of Directors effective
February 8th, 2021 and is nominated Board Observer.
Based on the above
modifications, the Company's Board of Directors will be composed of
eight directors (5 of whom are independent) and one board
observer:
- Alex Davern, Chairman of the
Board and the Nomination & Governance Committee and Member of
the Strategic, Audit and Technology & Marketing
committees
- Alain de Rouvray,
founder
- Cristel de Rouvray, CEO,
Chairman of the Strategic committee and member of Nomination &
Governance and Technology & Marketing committees
- Rajani Ramanathan, Chairman
of the Technology & Marketing committee and member of
Strategic, Nomination & Governance and Compensation
committees
- Véronique Jacq, Chairman of
the Audit Committee and member of the Strategic and Technology
& Marketing committees
- Eric d’Hotelans, Chairman of
the Compensation committee and member of the Strategic, Audit and
Nomination & Governance committees
- Vincent Chaillou, Corporate
COO (DGD) and member of the Strategic and Technology &
Marketing committees
- Yves de Balmann, member of
the Strategic and Compensation committees
- Charles-Helen des Isnards,
board observer
Planned retirement of Vincent Chaillou
The Board announces the
retirement of Vincent Chaillou, effective on December 31st,
2021.
The retirement process, which is part of the evolution of ESI
governance strategy, is done in 2 phases:
- On February 8th, 2021, ESI
Group's Board of Directors, recorded the planned end of Vincent
Chaillou mandate as Corporate COO (DGD) as of June 22nd, 2021, date
of the planned Shareholders meeting.
- From June 23rd, 2021,
Vincent Chaillou will remain Strategic Director and Regional
Manager for EMEA & Far East and member of the Group Executive
Committee till December 31st, 2021.
Vincent Chaillou will remain member of the board of
directors.
Vincent Chaillou comments: “I am committed to this year of
continuity in ESI Group's transformation. My greatest challenge
will be the handover before my operational retirement. My mandate
as a director will allow me to remain involved in the life of the
company”.
Group Executive Committee
Current executive team is
composed of:
- Cristel de Rouvray,
CEO
- Vincent Chaillou, Corporate
COO (DGD), Strategic Director and Regional Manager for EMEA &
Far East
- Mike Salari, Corporate COO,
Revenue Generation
- Olfa Zorgati, Chief
Financial Officer
- Dominique Lefebvre, EVP
Platforms and Product Operations
- Corinne Romefort-Régnier,
Corporate Governance Director
Additional information
ESI Group was informed by Cristel de Rouvray that she has
notified the parties to the shareholders’ agreement entered into on
October 25th, 2000 between herself, certain members of her family
and the Dubois estate, of her decision to no longer be bound by the
rights and obligations of this agreement as from March 9th, 2021.
As a result, Cristel de Rouvray will no longer be deemed acting in
concert with the other parties to this shareholders agreement.
Upcoming events
Annual Revenues 2020 – Feb. 9, 2021
(6pm CET)
Annual results 2020 - March 16, 2021
(6pm CET)
About ESI Group
Founded in 1973, ESI Group is a leading innovator in Virtual
Prototyping solutions and a global enabler of industrial
transformation. Thanks to the company’s unique know-how in the
physics of materials, it has developed and refined, over the last
45 years, advanced simulation capabilities. Having identified gaps
in the traditional approach to Product Lifecycle Management (PLM),
ESI has introduced a holistic methodology centered on industrial
productivity and product performance throughout its entire
lifecycle, i.e. Product Performance Lifecycle™, from engineering to
manufacturing and in operation. Present in more than 20 countries,
and in major industrial sectors, ESI employs 1200 high level
specialists around the world and reported 2019 sales of €146
million. ESI is headquartered in France and is listed on
compartment B of Euronext Paris.
For further information, go to www.esi-group.com.
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Press & Shareholder Relations ESI Group
Florence Barré
investors@esi-group.com
+33 1 49 78 28 28
Verbatee Jérôme Goaer,
j.goaer@verbatee.com, +33 6 61 61 79 34 Aline Besselièvre,
a.besselievre@verbatee.com, +33 6 61 85 10 05
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