Paris, June 26, 2019 – Valeo’s Board of Directors has co-opted Bpifrance Participations as a director, in a decision taken unanimously. Bpifrance will replace Noëlle Lenoir who resigned from office on June 14, 2019 for the remaining term of her office, i.e. until the end of the Annual Shareholders’ Meeting convened to approve the financial statements for the year ending December 31, 2021.
The Board of Directors also thanked Noëlle Lenoir for her highly valuable contribution to the Board and its specialized Committees since she was appointed as a member of the Board of Directors on June 3, 2010.
This co-optation of Bpifrance marks its return as a long-term institutional shareholder announced on April 29, 2019.
Bpifrance will be represented on Valeo’s Board of Directors by Stéphanie Frachet, Director at Bpifrance.
The co-optation of Bpifrance as director will be submitted for ratification at the next Valeo General Shareholders’ Meeting.