ENGIE announces proposed changes to Board of Directors composition

27 February 2024

ENGIE has announced proposed changes to its Board of Directors following a meeting held on February 21, 2024. The decision, recommended by the Appointments, Compensation, and Governance Committee, is set to be presented at the Annual General Meeting scheduled for April 30, 2024.

The proposed changes include the appointment of Michel Giannuzzi as an independent director, replacing Lord Peter Ricketts of Shortlands, whose term concludes at this upcoming Annual General Meeting. Additionally, the renewal of Fabrice Brégier's independent directorship is on the agenda, as his current term is also due to expire.

Michel Giannuzzi brings with him a wealth of experience, particularly in the realm of listed industrial companies, alongside his international expertise and understanding of energy-intensive industrial sectors and decarbonization challenges. His addition to the Board of Directors is expected to complement existing skills and knowledge.

Expressing gratitude, the Board of Directors acknowledged Lord Peter Ricketts of Shortlands for his dedicated service over the past eight years.

Pending approval at the Annual General Meeting in April, the proposed changes would maintain the Board's size at 14 directors, of whom 60% will be independent directors and 50% women.

Michel Giannuzzi has served as Chairman and CEO of Verallia since 2017, where he successfully navigated the company through a value creation strategy, culminating in a successful initial public offering on the Euronext Paris market in October 2019. Prior to his tenure at Verallia, Giannuzzi held prominent roles at Tarkett, Valeo, and Michelin, spanning various locations including France, Japan, and the UK.

He is a graduate of École Polytechnique and Harvard Business School.

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