Engie to Appoint Jean-Pierre Clamadieu as Chairman
13 Febbraio 2018 - 8:18PM
Dow Jones News
By Sonia Amaral Rohter
Engie SA (ENGI.FR) said on Tuesday that it has decided to
appoint Jean-Pierre Clamadieu to succeed Gerard Mestrallet as
chairman of the board of directors.
Mr. Mestrallet, Engie's founder, is resigning his director
position.
The motion naming Mr. Clamadieu chairman will be put to a vote
at the company's next shareholder's meeting on May 18. Mr.
Mestrallet's resignation will be effective at the close of the
shareholder's meeting.
Mr. Clamadieu is currently chief executive officer of Solvay SA
(SOLB.BT).
Following Engie's decision, Solvay said Mr. Clamadieu would
remain CEO of Solvay "while assuming his future non-executive
position at Engie."
"We are now accelerating the process to identify Jean-Pierre's
successor to pursue the successful strategy that we launched a few
years ago," said Nicolas Boel, Solvay's chairman. "We appreciate
Jean-Pierre's commitment to facilitate a smooth transition."
Engie also said that the French state, which reduced its stake
in the company, would turn one of its five board seats back to the
board.
Write to Sonia Amaral Rohter at
sonia.amaralrohter@dowjones.com
(END) Dow Jones Newswires
February 13, 2018 14:03 ET (19:03 GMT)
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