FAURECIA SHAREHOLDERS' MEETING : RENEWAL OF A BOARD MEMBER, THREE NEW BOARD MEMBERS AND DIVIDEND PAYMENT OF €0.65 PER SHARE

Nanterre, France, May 27, 2016,  by Faurecia

All resolutions were approved at Faurecia's Shareholders' Meeting, held in Paris today.

Shareholders approved, for four years, the renewal of the mandate for Ms. Linda Hasenfratz and the appointment of three new Board members: Ms. Olivia Larmaraud, Ms. Odile Desforges and Mr. Michel de Rosen. Following the Shareholders’ Meeting, taking into account these appointments and the expiration of Mr. Thierry Peugeot's mandate, the number of Faurecia Board members increased from 13 to 15, including five women, who now represent one third of the Board of Directors.

 

Profile of Board members renewed or newly appointed

 

Linda Hasenfratz, a Canadian national, a member of Faurecia’s Board of Directors since May 2011, is the Chief Executive Officer of Linamar Corporation (Canada) since August 2002 and a member of the Board of Directors since 1998. Ms. Hasenfratz was President of Linamar Corporation from April 1999 to August 2004 and served as the company’s Chief Operating Officer from September 1997 to September 1999.

 

Olivia Larmaraud, a French national, is the Director of Consolidation and Accounting Standards of PSA Group since 2002. She began her career as an external auditor at Deloitte before joining Compagnie Générale des Eaux as a member of the consolidation team. She then joined Sanofi, where she served as a financial controller. Ms. Larmaraud has been working within the Finance department of PSA Group since 1995.

 

Odile Desforges, a French national, serves on the Board of Directors of Johnson Matthey plc, Dassault Systèmes, Imerys and Safran. She is a graduate of Ecole Centrale de Paris and began her career at the Institut de Recherche des Transports, before joining Renault in 1981, where she held numerous positions in planning, product development and purchasing. She headed the Renault Nissan Purchasing Organization (RNPO) from 2003 to 2009. Ms. Desforges joined Renault's Executive Committee and was appointed Group Director of Engineering & Quality in 2009, until her retirement in 2012.

 

Michel de Rosen, a French national, is the Chairman of the Board of Eutelsat Communications since March 1, 2016. He began his career at the Inspectorate General of Finance, a division of the French Ministry of Finance, then served as an advisor to the French Minister of Defense from 1980 to 1981 and Chief of Staff for the French Minister for Industry and Telecommunications from 1986 to 1988. He held a number of senior management positions at Rhône-Poulenc from 1982 to 1986 and from 1988 to 1999. In 2000, he became Chairman and CEO of U.S. firm ViroPharma. Mr. de Rosen joined Eutelsat in 2009 as Chief Executive Officer and Director, he then served as Chairman and CEO from 2013.

 

Dividend payment of €0.65 per share

Based on the performance of the Faurecia Group, the Shareholders' Meeting also approved the distribution of a gross dividend of €0.65 per share, to be paid in cash. Trading ex-coupon will occur on June 1, 2016, and the dividend will be paid on June 3, 2016.

 

The presentation used during the Shareholders' Meeting and the results of votes on resolutions will be available on the Faurecia website: www.faurecia.com.

 

NEXT EVENT:

·             Interim results: Tuesday, July 26, 2016, before market hours.

Faurecia is one of the world's largest automotive equipment suppliers, with four key 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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