BENETEAU (EPA:BEN) - 190208 BENETEAU New governance

Transparency directive : regulatory news

08/02/2019 16:27

Press release February 8, 2019

                        New governance for BENETEAU

Saint-Gilles-Croix-de-Vie, France - The general meeting of BENETEAU S.A. today
approved the  transformation of the Group's governance into a structure based
on a company with a board of directors.

During the voting process, the Group clarified the reasons and conditions for
this choice.

More specifically, it highlighted its commitment to separating the roles of the
Chairman and Chief Executive Officer, which it will only be possible to reverse
with a vote based on a qualified majority, as well as its preference for a
majority of independent directors within the Board.

The general meeting confirmed this choice by electing a Board of Directors with
seven members. Four     of them are independent: Mrs Catherine Pourre, Audit
Committee Chairwoman, Mrs Anne Leitzgen, Mr Jérôme de Metz and Mr Sébastien
Moynot, representing BPI Investissement.

During its meeting held following the general meeting, the Board of Directors
elected Mr Jérôme de  Metz, independent director, as Chairman of the Board,
and Mr Louis Claude Roux as Vice-Chairman.

It also appointed Mr Hervé Gastinel as Chief Executive Officer and Mr
Christophe Caudrelier as Chief Operating Officer in charge of finance and
information systems. In addition,  it  appointed  three  observers to provide
assistance: Mr Christian de Labriffe, Mr Claude Brignon and Mr Luc Dupé.

The Board Chairman, Mr Jérome de Metz, and Mrs Annette Roux, director,
expressed the Board's sincere thanks to Mr Yves Lyon Caen, who had served as
Chairman of the Board since 2005 and who wanted this change for personal
reasons, while remaining on as a Group director.

                           ABOUT GROUPE BENETEAU

As the boating industry's global market leader, Groupe Beneteau,   through its
Boat division's 12 brands, offers over 200 recreational boat models serving its
customers' diverse navigational needs and uses, from sailing to motorboating,
monohulls and catamarans.

Leading the European leisure homes market, the Housing division's three brands
offer a comprehensive range of leisure homes, lodges and pods that combine
eco-design with high standards of quality, comfort and practicality.

With its international industrial capabilities and global sales network, the
Group employs nearly 7,400 people, primarily in France, the US, Poland, Italy
and China.

FV 2017-2018 Group revenues: EUR 1287,2M

Motorboat     47.5%
Sailboat      37.5%
Housing       15.0%

CONTACTS - GROUPE BENETEAU

INVESTORS AND PRESS CONTACT
Mirna Cieniewicz
m.cieniewicz@beneteau-group.com
Tel +33 (0)2 51 26 88 50

SHAREHOLDER CONTACT
Yannick Coicaud-Thomas
y.coicaud.thomas@beneteau-group.com
Address: 16 bd de la Mer - CS 43319
85803 Saint Gilles-Croix-de-Vie Cedex (France)

www.beneteau-group.com

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