Valeo’s annual shareholders’ meeting was held today under the chairmanship of Pascal Colombani, chairman of the board of directors. During the meeting, shareholders approved the 2014 financial statements that were published on February 24, 2015.
They also renewed the terms of office of Pascal Colombani, Jacques Aschenbroich and Michel de Fabiani as directors and appointed Maury Devine as a director to replace Michael Jay for the remainder of his term of office.
All of the other resolutions put to the meeting were adopted, including the renewal of the various financial authorizations and a dividend of 2.20 euros per share, payable on June 1, 2015. Following the Annual Shareholders’ Meeting, Pascal Colombani and Jacques Aschenbroich were reappointed as Chairman of the Board of Directors and Chief Executive Officer of Valeo, respectively.
Valeo is an automotive supplier, partner to all automakers worldwide. As a technology company, Valeo proposes innovative products and systems that contribute to the reduction of CO2 emissions, the improvement of vehicle performance and to the development of intuitive driving.
In 2014, the Group generated sales of 12.7 billion euros and invested over 10% of its original equipment sales in R&D. Valeo has 133 plants, 16 research centers, 34 development centers, 15 distribution platforms and employs 81,200 people in 29 countries worldwide.
Valeo is listed on Euronext Paris and is a member of the CAC 40 index.
