Decision of ENGIE Board on February 13, 2018

13/02/2018

News

13The ENGIE Board of Directors met on February 13, 2018, and decided to appoint Mr. Jean-Pierre Clamadieu as member of the Group Board of Directors to replace Mr. Gérard Mestrallet. The motion will go to the Shareholders’ Meeting for a vote on May 18th. The Board acknowledged Mr. Gérard Mestrallet’s resignation from his Director position, effective at the close of the Shareholders’ Meeting.

The ENGIE Board of Directors will appoint Mr. Jean-Pierre Clamadieu to the position of Chairman of the Board, pending approval at the Shareholders’ Meeting, to succeed Gérard Mestrallet, Founder of ENGIE and Chairman of its Board of Directors.

The French State, which reduced its stake in ENGIE’s share capital, announced that it would turn one of its five board member seats back to the Board. On March 7, 2018, the Board of Directors will choose a new independent board member, and the appointment will be submitted for approval at the May 18, 2018 Shareholders’ Meeting.

The Board decided to appoint Mr. Gérard Mestrallet as Honorary Chairman in recognition of the 23 years he devoted to developing the Group.

Gérard Mestrallet, Chairman of the Board of Directors, declared: “I would like to recognize the Board of Directors and the Appointments, Compensation and Governance Committee for the quality of their work, as well as the rigorous process they have undertaken. I am also pleased with the choice of Jean-Pierre Clamadieu, a great industrialist who transformed Solvay, the international chemical group.”

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