BENETEAU (EPA:BEN) - 200605 BENETEAU Reorganization of the Boat Division's industrial operations and development

Transparency directive : regulatory news

05/06/2020 17:41

Press release June 5, 2020

Reorganization of the Boat Division's industrial operations and development

In view of the severe economic crisis linked to Covid-19, Groupe Beneteau is
accelerating its reorganization in order to be more responsive and efficient.

In this context, the Boat Division's executive management organization has been
rethought. The creation of a unified Industrial Operations and Development
Department, led by Jean-Paul Chapeleau, will replace the previous dual
organization headed up jointly by Jean-Paul Chapeleau and Christophe
Caudrelier. As a result, Christophe Caudrelier's position as a corporate
officer ended on June 3, 2020.

The Executive Industrial Operations and Development Department now covers all
the activities in all the countries where the Group operates, confirming the
commitment to manage the Group based around global or regional core functions,
rather than around legal entities, in order to maximize synergies and
consistency.

"I would like to warmly thank Christophe for his dedication and his
contribution to the development of the Group and the Boat Division over the
last six years. I would also like to wish him every success for the next steps
in his career", confirms Jérôme de Metz, Group Chairman and Chief Executive
Officer.

In addition, Bruno Thivoyon is joining the Management Board as Group Chief
Financial Officer.

These measures are being rolled out in line with an in-depth review of the
evolution of the Group's strategy and organization that will enable Groupe
Beneteau to get quickly back on track for profitable growth.

The strategic plan will be presented on July 9.

                         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 three brands from the Group's
Housing division 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 8,300 people, primarily in France, the US, Poland, Italy and
China.

FY 2018-19 Group revenues: EUR 1336.2M

Sailboat  - 39.8%
Housing   - 14.4%
Motorboat - 45.8%

CONTACTS - GROUPE BENETEAU

INVESTORS AND PRESS CONTACT
Mirna Cieniewicz
m.cieniewicz@beneteau-group.com
Tel +33 (0)2 51 26 21 25

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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06/05/2024 17:40

BENETEAU (EPA:BEN) - 200605 BENETEAU Reorganization of the Boat Division's industrial operations and development

Transparency directive : regulatory news

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