FAURECIA’S BOARD OF DIRECTORS APPOINTS NEW CHAIRMAN

Nanterre, France, Apr 11, 2017,  by Faurecia

Meeting on April 11, 2017, Faurecia’s board of directors agreed to appoint Michel de Rosen as its new chairman. The appointment will take effect at the close of the shareholders' meeting on May 30. 

Michel de Rosen will succeed Yann Delabrière, who will step down as Chairman and Member of the Board after presiding over the shareholders' meeting.

 

Yann Delabrière joined Faurecia as a Director in 1996 and held the position of Chairman and Chief Executive Officer from February 16, 2007, to June 30, 2016. He stepped down as CEO and remained Chairman on July 1, 2016, following a decision by the Board on April 13, 2016.

 

Meeting on April 11, 2017, the Board expressed its deepest thanks to Yann Delabrière for his extensive contribution and commitment to the development of Faurecia. During his time with the Group he has helped turn it into a strong and profitable company with a solid international reputation. As such, the board of directors has the pleasure to announce the appointment of Yann Delabrière as Honorary Chairman of Faurecia, starting on June 1st, 2017.

 

Michel de Rosen is a French citizen. He has been a CEO and Member of the Board of companies in France and the United States. He has been Chairman of Eutelsat Communications since 2013 and was CEO of Eutelsat from 2009 to 2016. He was CEO of ViroPharma in the US from 2000 to 2008, Rhône-Poulenc Rorer in the US from 1993 to 1999, and Rhône-Poulenc Films & Polymers in France from 1988 to 1993. He began his career at the French Inspection Générale des Finances in 1976 and was then chief of staff for the minister for industry and telecommunications from 1986 to 1988

Faurecia is one of the world's largest automotive equipment suppliers, with three key Business Groups: Seating, Clean Mobility and Interior Systems. The strength of its technology provides automakers with solutions for the cockpit of the future and sustainable mobility. In 2016, the Group posted total sales of €18.7 billion. At December 31, 2016, Faurecia employed 100,000 people in 34 countries at 300 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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