SUEZ ENVIRONNEMENT (EPA:SEV) SUEZ's Board of Directors unanimously chooses Jean-Louis Chaussade to become Chairman

Transparency directive : regulatory news

26/02/2019 20:13

Press release

Paris, February 26, 2019

SUEZ'S BOARD OF DIRECTORS UNANIMOUSLY CHOOSES JEAN-LOUIS CHAUSSADE TO BECOME
                                  CHAIRMAN

At their meeting held today, SUEZ's Board of Directors unanimously appointed
Jean-Louis Chaussade as future Chairman of SUEZ's Board of Directors, effective
May 14, 2019.

The Board of Directors considered that his career within the Group as well as
his experience and knowledge of SUEZ's businesses, partners and values, means
he has all the qualities to succeed Mr. Gérard Mestrallet, whose term as
Chairman of the Board of Directors will finish at the end of the Annual General
Meeting on May 14 this year, in line with the Company's articles of
association.

With the appointment of Bertrand Camus as CEO, a new chapter begins for SUEZ.
This coming year will be marked by him taking up the role and the team that he
is going to form, as well as the development and approval by the Board of
Directors of a strategic plan for SUEZ for 2030. Under the chairmanship of
Jean-Louis Chaussade, the Board of Directors will contribute to the success of
this important year for SUEZ, and will provide the new CEO with all the support
he needs.

The Board would like to extend Jean-Louis Chaussade its wishes for every
success in his new role.

The Board particularly welcomes the initiatives undertaken by Gérard
Mestrallet and Jean- Louis Chaussade who, since the Group's IPO in 2008, have
led SUEZ's development and transformation, adapting to market developments and
to the needs of customers.

Commenting on this, Jean-Louis Chaussade said: "I am deeply honored to have
been chosen by the Board of Directors to succeed Gérard Mestrallet to whom I
pay tribute.

I will leave the top management of a Group prepared for the future. In 15
years, SUEZ has undergone significant transformation. Our businesses have
transformed, we have doubled our global foothold, we have seen robust revenue
growth, as well as moving to a single brand and undergoing digital
transformation. Bertrand Camus will take over in May and I am delighted with
this appointment. I know he will be able to carry out the necessary
transformations at a sustained pace: he is a born winner with a bold
entrepreneurial mindset."

Gerard Mestrallet added: "I am delighted that SUEZ's Board of Directors has
unanimously decided to appoint Jean-Louis Chaussade as the Group's future
Chairman, effective at the next Annual General Meeting of May 14, 2019. On the
threshold of this important year for SUEZ, the Group will be able to count on a
Chairman who combines all the required qualities and experience."

Composition of Board of Directors and its committees

Ms. Valérie Bernis and Mr. Lorenz d'Este, whose term of office expires at the
next Annual General Meeting, have decided not to seek renewal. The Board would
like to thank them for their active contribution to the Board's undertakings.

At the Annual General Meeting, the Board proposes the renewal of terms of
office for three directors, which are to expire this year - Mrs. Isabelle
Kocher, Mrs. Anne Lauvergeon, and Mr. Nicolas Bazire, in addition to the
appointment of Mrs. Martha J. Crawford as an independent Director at the Annual
General Meeting.

If all these proposals, as well as the appointment of Mr. Bertrand Camus as
director, are adopted by the Annual General Meeting of May 14, 2019, the Board
will be composed of 50% independent members and 42% female in line with
applicable regulations and the AFEP MEDEF code.

The Board has also decided to apply two principles:

- Chairmen and Chairwomen of these Committees will all be independent
   directors in the future;
- Directors who lose their independent status during their term of office
   promise to resign when they lose this status. This principle will apply in
   2020 to Mr. Bazire and Mr. Pepy who will have been directors for over 12
   years on this date.

The Board has decided the following Directors will chair the Board's(1)
committees:

- Audit: Mrs. Anne Lauvergeon
- Appointments, Governance and Compensation: Mr. Guillaume Pepy
- Strategy: Mrs. Miriem Bensalah Chaqroun
- Ethics and Sustainable Development: Mrs. Delphine Ernotte Cunci

A director with an executive role within Engie will be a member of each of
these committees.

All governance-related decisions have been made unanimously.

About SUEZ

With 90 000 people on the five continents, SUEZ is a world leader in smart and
sustainable resource management. We provide water and waste management
solutions that enable cities and industries to optimize their resource
management and strengthen their environmental and economic performances, in
line with regulatory standards. To meet increasing demands to overcome resource
quality and scarcity challenges, SUEZ is fully engaged in the resource
revolution. With the full potential of digital technologies and innovative
solutions, the Group recovers 17 million tons of waste a year, produces 3.9
million tons of secondary raw materials and 7 TWh of local renewable energy. It
also secures water resources, delivering wastewater treatment services to 58
million people and reusing 882 million m3 of wastewater. SUEZ generated total
revenues of EUR15.9 billion in 2017.

CONTACTS
Press                                Analysts / Investors
Isabelle Herrier Naufle
Isabelle.herrier.naufle@suez.com       +33 (0) 1 58 81 24 05
+33 (0)1 58 81 55 62

                      Find out more about SUEZ Group
                    on the website & on social media

                  Twitter, LinkedIn,YouTube, Instagram

(1) The Appointments and Governance Committee and the Compensation Committee
are merged into the "Appointments, Governance and Compensation" Committee.

SUEZ
Head office: Tour CB21 - 16 place de l'Iris, 92040 Paris La Défense Cedex,
France - Phone: +33 (0)1 58 81 20 00 - www.suez.com
A limited liability company with share capital of EUR2,485,450,316 -
433,466,570 RCS Nanterre - VAT FR 76433,466,570

SUEZ ENVIRONNEMENT's latest news

01/02/2022 08:00

SUEZ ENVIRONNEMENT (EPA:SEV) SUEZ's Board of Directors unanimously chooses Jean-Louis Chaussade to become Chairman

Transparency directive : regulatory news

SUEZ ENVIRONNEMENT's latest news

Other stories