Press release Orange: Jacques Aschenbroich appointed Non-executive Chairman of Orange
19 Mai 2022 - 8:06PM
Press release Orange: Jacques Aschenbroich appointed Non-executive
Chairman of Orange
Press releaseParis, 19 May 2022
Jacques Aschenbroich appointed Non-executive Chairman of
Orange
The Annual General Meeting of Shareholders (AGM), which was
chaired by Stéphane Richard earlier today, voted in favor of the
appointments of Jacques Aschenbroich and Valérie Beaulieu-James as
independent Directors for a period of four years. At a Board
meeting held after the AGM, Jacques Aschenbroich was then elected
Non-executive Chairman of the Group's Board of Directors. In
addition, the Board confirmed Christel Heydemann as Chief Executive
Officer and Ramon Fernandez as Delegate Chief Executive
Officer.
During this meeting, Jacques Aschenbroich expressed his
gratitude for the support of all Orange stakeholders. He also
congratulated Valérie Beaulieu-James on her election as a new Board
member, as well as Christel Heydemann on her renewal as Chief
Executive Officer of Orange and Ramon Fernandez as Delegate Chief
Executive Officer.Jacques Aschenbroich confirmed his commitment to
working closely with all Board members in order to ensure that the
Group’s new structure, with a separate Chairman and CEO, is
exemplary in terms of corporate governance. He also wished full
success to the new management team. Finally, he thanked Stéphane
Richard, who today reached the end of his term as the Group’s
Chairman, for his commitment at the head of Orange for the past
twelve years.
The other resolutions presented were approved by the
shareholders. The results of the votes are available at
https://www.orange.com/en/shareholders-meeting.
The proposed ex-ante compensation policy for 2022 was given
limited approval by shareholders with only 50.55% of votes. Diverse
criticisms were expressed by the different investors leading to
many of them abstaining or voting against the bundle resolution
proposed on this issue this year.
Following the Annual General Meeting, the Board of Directors
noted the unusually low level of support of the Group’s ex-ante
compensation policy and reviewed the different types of criticism
leveled against it. The Board also noted the decision by Stéphane
Richard and announced on Tuesday 17 May to waive the exceptional
compensation that the Board had proposed for 2022.
As a result, the Board has made a commitment to presenting
separate resolutions next year for the compensation policies of
each corporate officer. It also asked the Governance and Corporate
Social & Environmental Responsibility Committee to inform it of
any proposition that could further improve the dialogue between the
company and its shareholders.
Finally, following these changes to the Group’s governance, the
new Board of Directors has a 63.63% independence rate within the
meaning of the France Afep-Medef code. In terms of gender balance,
the Board’s female representation rate is 45% in accordance with
the applicable legal provisions (i.e. excluding the three employee
Directors and the Director representing employee shareholders).
Biography ofJacques Aschenbroich
Jacques Aschenbroich is Chairman of the Board of
Directors of Orange and Chairman of the Board of Directors of
Valeo. Prior to this he was the Chief Executive Officer of the
Valeo Group from March 2009 to February 2016, then Chairman and
Chief Executive Officer until January 2022. His extensive
experience has been gained in senior roles in major industrial
groups, in France and internationally, and also in senior roles in
the French public administration.Prior to joining Valeo, having
graduated as an engineer from the Corps des Mines, he held a number
of roles in the French public administration and served in the
Prime Minister’s office in 1987 and 1988. He then pursued his
career at the Saint-Gobain group between 1988 and 2008. After
heading the group’s businesses in Brazil and Germany, he became
Managing Director of the Compagnie de Saint-Gobain’s Flat Glass
division (Saint-Gobain Vitrage) of which he became Chairman in
1996. Then, as Senior Vice President of the Compagnie de
Saint-Gobain from October 2001 to December 2008, he managed the
flat glass and high-performance materials sectors from January 2007
and, as the Vice-Chairman of Saint-Gobain Corporation and General
Delegate to the United States and Canada, he led the company’s US
operations from 1 September 2007.Jacques Aschenbroich is a former
Board member of Veolia Environnement and is currently a Board
member of BNP Paribas and of TotalEnergies. He is also the Chairman
of the Board of the Ecole Nationale Supérieure Mines ParisTech and
Co-President of the Franco-Japanese Business Club.
Photos are available from the Orange Group photo bank, here.
Biography of Valérie Beaulieu‑JamesValérie Beaulieu‑James, born
in 1967, has been Executive Director in charge of sales and
marketing of the Adecco group since November 16, 2020. Valérie
Beaulieu began her career as a journalist at Radio France and the
French daily newspaper Ouest France. She was Director of Marketing
at ECS-Allium from 1991 to 1996. Valérie Beaulieu-James then joined
Microsoft where she held various management positions in marketing
and sales in North America, Asia and Europe for more than 20 years.
Since 1996, she has notably assumed the functions of COO and CMO of
the Advertising activity, of General Manager of Asia-Pacific for
partners and small and medium-sized enterprises; and finally, from
October 2018 to October 2020, of Marketing Director of Microsoft
US. Since January 2015, Valérie Beaulieu‑James has been a Foreign
Trade Advisor for France. She has also been a Director and member
of the Audit and Risk Committee of ISS A/S since April 2020. Since
May 19, 2022, she is Director and Board member at Orange. Valerie
Beaulieu‑James holds a master’s degree in English from the
University of Haute‑Bretagne and a degree in international business
from the Chamber of Commerce and Industry of La Réunion.
About OrangeOrange is one of the world’s leading
telecommunications operators with sales of 42.5 billion euros in
2021 and 137,000 employees worldwide at 31 March 2022, including
76,000 employees in France. The Group has a total customer base of
278 million customers worldwide at 31 March 2022, including 232
million mobile customers and 24 million fixed broadband customers.
The Group is present in 26 countries. Orange is also a leading
provider of global IT and telecommunication services to
multinational companies under the brand Orange Business Services.
In December 2019, the Group presented its new "Engage 2025"
strategic plan, which, guided by social and environmental
accountability, aims to reinvent its operator model. While
accelerating in growth areas and placing data and AI at the heart
of its innovation model, the Group will be an attractive and
responsible employer, adapted to emerging professions.
Orange is listed on Euronext Paris (symbol ORA) and on the New
York Stock Exchange (symbol ORAN).For more information on the
internet and on your mobile: www.orange.com,
www.orange-business.com or to follow us on Twitter:
@orangegrouppr.Orange and any other Orange product or service names
included in this material are trademarks of Orange or Orange Brand
Services Limited.
Press contacts: Tom Wright ;
tom.wright@orange.com ; +33 6 78 91 35 11Sylvain Bruno ;
sylvain.bruno@orange.com ; +33 6 86 17 88 89
- PR_Orange_AGM_Appointment_Chairman_EN_190522
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