CHANGE IN GOVERNANCE STRUCTURE OF FAURECIA FROM JULY 1, 2016

Nanterre, France, Apr 13, 2016,  by Faurecia

The Board of Directors of Faurecia announced today three important changes in the governance structure of the Group. From July 1, 2016, the functions of Chairman of the Board and Chief Executive Officer will be separated. 

Patrick Koller will take up the position of Chief Executive Officer and Yann Delabrière will be Chairman of the Board of Directors. This change comes after a period of transition during which Patrick Koller has been Chief Operating Officer since February 2, 2015.

Prior to being appointed Chief Operating Officer, Patrick, who has dual German and French nationality, was Executive Vice President for Faurecia Automotive Seating, a post he held since December 2006 when he joined the Group. Prior to joining Faurecia, Patrick spent six years at Rhodia (now Solvay) following a succession of posts in the automotive sector including with VDO, Hella and Valeo.

Following the Board of Directors meeting, Yann Delabrière, Chairman and CEO of Faurecia, commented “Looking back over what we have achieved in the past ten years, I would like to thank all the employees of Faurecia for their contribution to our transformation. Faurecia is now well positioned to build on its global reach, its strong customer relationships and its outstanding technology offer.”

Following his nomination Patrick Koller stated “I would like to thank the Board of Directors for their confidence. The next stage of Faurecia’s development will be focused on pursuing our profitable growth and accelerating our investment in technology for sustainable mobility and enhanced life on board.”

Faurecia will hold an Investor Day in Paris on Tuesday, April 19, 2016.

Pictures available on request.

Faurecia is one of the world's largest automotive equipment suppliers with four Business Groups: Automotive Seating, Emissions Control Technologies, Interior Systems and Automotive Exteriors. In 2015, the Group posted total sales of € 20.7 billion. At December 31, 2015, Faurecia employed 103,000 people in 34 countries at 330 sites and 30 R&D centers. Faurecia is listed on the NYSE Euronext Paris stock exchange and trades in the U.S. over-the-counter (OTC) market. For more information, visit: www.faurecia.com

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