SUEZ ENVIRONNEMENT (EPA:SEV) SUEZ - Adoption of all resolutions by the shareholders’ meeting of May 12th, 2020

Transparency directive : regulatory news

12/05/2020 18:56

Paris, May 12, 2020

  Adoption of all resolutions by the shareholders' meeting of May 12th, 2020

The Annual General Meeting of SUEZ (the "Company"), held on May 12, 2020,
without the physical presence of shareholders at the Company's registered
office, was chaired by Mr. Jean-Louis Chaussade. All submitted resolutions were
adopted, with 78.64% shareholder participation.

The Annual General Meeting paid tribute to Jean-Louis Chaussade, whose term of
office as Chairman of the Board of Directors ended at the close of the
meeting.

Following his appointment as director by the Shareholders' Meeting, Philippe
Varin took over as Chairman of SUEZ's Board, succeeding Mr. Chaussade. The
compensation policy for each of the corporate officers was approved.

During the Annual General Meeting, Bertrand Camus, Chief Executive Officer,
presented the Group's first Purpose to shareholders after it had been approved
by the Board of Directors.

The Shareholders' Meeting approved the renewal of the terms of Ms. Myriem
Bensalah-Chaqroun and Ms. Delphine Ernotte-Cunci, as well as Mr. Isidro Fainé
Casas and Mr. Guillaume Thivolle. Mr. Pierre Mongin announced his decision to
resign as a Director during the Board of Directors' Meeting at the close of the
Shareholders' Meeting. The Board is now composed of 15 members, of which 58%
are independent directors(1) and 53% are women.

In addition, the Annual General Meeting approved the distribution of a EUR0.45
per share cash dividend. The ex-date is May 18, 2020, with a payment date on
May 20, 2020.

Finally, the Annual General Meeting renewed all finance-related authorizations
granted to the Board of Directors.

The webcast of the Annual General Meeting, presentations and results of the
voting on resolutions can be found on SUEZ's website (www.SUEZ.com).

The Board of Directors reviewed the composition of its Committees during its
meeting at the close of the Annual General Meeting. The composition will be as
follows:

- Audit and Financial Statements Committee: Delphine Ernotte Cunci, Chairwoman,
  Judith Hartmann, Anne Lauvergeon and Guillaume Thivolle;

- Appointment, Compensation and Governance Committee: Brigitte
  Taittinger-Jouyet, Chairwoman, Agatta Constantini, Delphine Ernotte Cunci,
  Isabelle Kocher and Philippe Varin;

- CSR, Innovation, Ethics, Water and Sustainable Planet Committee: Anne
  Lauvergeon, Chairwoman, Enric Amiguet i Rovira, Franck Bruel, Martha
  Crawford, Brigitte Taittinger-Jouyet and Guillaume Thivolle;

- Strategy Committee: Miriem Bensalah Chaqroun, Chairwoman, Enric Amiguet i
  Rovira, Francesco Caltagirone, Agatta Constantini, Isidro Fainé Casas,
  Isabelle Kocher and Philippe Varin.

The Annual General Meeting paid tribute to Jean-Louis Chaussade. Tribute was
also paid to the extraordinary efforts of Gérard Mestrallet, Nicolas Bazire
and Guillaume Pépy, who have been directors since 2008 and are now stepping
down from their duties. The Board also thanked Pierre Mongin, a director since
2016, for his support and diligent work. Mr. Mongin tendered his resignation
during the Board Meeting at the close of the Shareholders' Meeting.

Jean-Louis Chaussade worked for the Group for 42 years and led it for 15 years.
Appointed Chief Executive Officer in 2004, he oversaw the Group's initial
public offering in 2008. In particular, he drove the Company's international
growth strategy in China, Australia, South America and Europe, winning the
Spanish and Italian water markets with Agbar and ACEA respectively. In 2015, he
oversaw SUEZ's transformation into a single brand. The strategic 2017
acquisition of American group GE Water, which became WTS, was a major milestone
in that it both positioned the Group in the promising industrial customers'
market and strengthened its North American presence.

Jean-Louis Chaussade commented: "I am very proud of our Group's achievements.
We have succeeded in SUEZ's profound transformation into an international
Group, a pioneer of green growth. I would like to thank each and every one of
the employees, customers, partners and stakeholders who supported me. I wish
the new team, led by Philippe Varin and Bertrand Camus, every success as they
continue to make the Group grow in order for SUEZ to become the leader in
environmental transformation. The resource revolution will, at last, drive the
sustainable and circular economy of the 21st century, and for this I will
continue to persevere."

The Board commended Jean-Louis Chaussade and his illustrious career devoted
entirely to environmental causes. Since the Group's initial public offering in
2008, he has led SUEZ's development and transformation, adapting it to
fast-changing markets and new customer needs.

Bertrand Camus commented: "Today marks a new stage in SUEZ's governance.
Jean-Louis played an active role for more than 40 years. Alongside Gérard
Mestrallet, he participated in the Group's growth. It's an honor for me to
accelerate SUEZ's operations, using the foundations that they both laid. I
would like to take this opportunity to thank them for their commitment and
their numerous efforts. I would also like to thank Nicolas Bazire, Guillaume
Pépy and Pierre Mongin, who are stepping down from their duties this year and
who supported the Company's IPO in 2008. We are living through unprecedented
times. I know we can all count on Philippe Varin, whose industrial expertise
and humanity are recognized both in France and abroad."

Philippe Varin commented: "It's a great honor to become SUEZ's Chairman in a
period where environmental challenges and their impact on health and quality of
life are of upmost importance to all citizens. SUEZ is an internationally
recognized group, and we must expand its foothold through the implementation
and affirmation of its new strategic plan. I will use all my global and
industrial experience to support the growth of the Group and Bertrand Camus'
management team. The Group is pulling out all the stops worldwide during this
global health crisis. I am proud to join SUEZ's 90,000 employees who share both
a team spirit and a passion for the environment."

* Forthcoming communications:

May 18, 2020: ex-date for dividend
May 20, 2020: Payment of the dividend
July 30, 2020: Publication of 1st half 2020 results.

(1) without taking into account the employee directors and the employee
shareholder director, pursuant to the AFEP-MEDEF Code,
i.e. 7 independent directors.

Biographical appendices:

Jean-Louis Chaussade

Jean-Louis Chaussade is an ESTP engineer (1976) and holds a Master's degree in
Economics (Sorbonne, 1976). He is also a graduate of the Institut d'Études
Politiques de Paris (1980) and Harvard Business School (1988). He joined
Degrémont in 1978 and was subsequently appointed Chief Operating Officer of
Degrémont Spain, headquartered in Bilbao, in 1989. During this period, he was
also appointed Director of Aguas de Barcelona. In addition, Jean-Louis
Chaussade became Chief Executive Officer of Dumez Copisa (Spain) in 1992. In
1997, he was appointed Chief Operating Officer of Lyonnaise des Eaux in South
America, and Chief Executive Officer of SUEZ (now ENGIE) for South America. He
was appointed Chairman and Chief Executive Officer of Degrémont in 2000 and,
in 2004, Deputy CEO of SUEZ (now ENGIE) and Chief Executive Officer of SUEZ
Environnement (now SUEZ). He served as SUEZ Chief Executive Officer between
July 23, 2008, and May 14, 2019. On this date, he became Chairman of the
Company's Board of Directors. Jean- Louis Chaussade has been a director of
Criteria Caixa S.A.U. since October 19, 2011. He co-chairs the France-China
Committee and the France-Algeria Peninsula Council of Business Leaders within
the MEDEF. Mr. Chaussade also chairs the "circular economy" group within the
French Association of Private Enterprises (Association française des
entreprises privées [AFEP]).

Philippe Varin

Philippe Varin, born August 8, 1952 in Reims, is a graduate of the École
Polytechnique and MINES ParisTech. He joined Péchiney in 1978 as a researcher.
Mr. Varin then held various management positions within the Group (management
control, strategy and project management) before being appointed as Director of
the Rhenalu Division in 1995, then Chief Executive Officer of the aluminum
sector and member of the Group's Executive Committee in 1999. In 2003, he
joined the Anglo-Dutch steel group, Corus, as Chief Executive Officer. Mr.
Varin was appointed Chairman of Peugeot SA's Management Board in June 2009. He
left the Group in June 2014. He chaired AREVA's Board of Directors until
October 2019. He currently chairs Orano's Board of Directors.

Press contact:

Isabelle Herrier Naufle
Tel.: +33 (0)6 83 54 89 62
isabelle.herrier.naufle@suez.com

About SUEZ

Since the end of the 19th century, SUEZ has built expertise aimed at helping
people to constantly improve their quality of life by protecting their health
and supporting economic growth. With an active presence on five continents,
SUEZ and its 90,000 employees strive to preserve our environment's natural
capital: water, soil, and air. SUEZ provides innovative and resilient solutions
in water management, waste recovery, site remediation and air treatment,
optimizing municipalities' and industries' resource management through "smart"
cities and improving their environmental and economic performance. The Group
delivers sanitation services to 64 million people and produces 7.1 billion m3
of drinking water. SUEZ is also a contributor to economic growth, with more
than 200,000 jobs created directly and indirectly on an annual basis, and a
provider of new resources, with 4.2 million tons of secondary raw materials
produced. By 2030, the Group is targeting 100% sustainable solutions, with a
positive impact on our environment, health and climate. SUEZ generated total
revenue of EUR18.0 billion in 2019.

Find out more about SUEZ Group
on our website & on social media:
Twitter, Linkedin, You Tube, Instagram

SUEZ
Head Office: Tour CB21 - 16, Place de l'Iris, 92040 Paris La Défense Cedex,
France - Tel: +33 (0)1 58 81 20 00 - www.suez.com
Limited Liability Company with a share capital of EUR2,513,450,316 - Siren
(French business administration number) 433 466 570 RCS Nanterre -
VAT FR 76433 466 570

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