Verallia: Changes in the Group’s Governance - Appointment of Patrice Lucas as Deputy Chief Executive Officer
06 Décembre 2021 - 6:30PM
Business Wire
Regulatory News:
The Board of Directors of Verallia (Paris:VRLA) met today, under
the chairmanship of Mr Michel Giannuzzi.
The Board recognized Mr Michel Giannuzzi wish to see evolve his
responsibilities within the Group next year after approximately
five years at the head of Verallia as both Chairman and Chief
Executive Officer. Following the recommendations of the Nomination
and Compensation Committee, chaired by Mrs Cécile Tandeau de
Marsac, the Board decided accordingly upon a new governance
structure and the future appointment of a new Chief Executive
Officer, carefully chosen through a rigorous selection process
which involved interviews and assessments of several internal and
external candidates.
The Board has consequently decided to separate the functions of
Chairman of the Board of Directors and Chief Executive Officer,
effective from the closing of the General Meeting of Shareholders
on May 11, 2022. Mr Michel Giannuzzi will remain Chairman of the
Board of Directors and Mr. Patrice Lucas will be appointed Chief
Executive Officer on that date.
Mr. Patrice Lucas will join Verallia as of February 1, 2022, as
Deputy Chief Executive Officer. As Chairman, Mr Michel Giannuzzi
will provide the Board and Mr Patrice Lucas with the benefit of his
knowledge of Verallia strategic issues and his recognized
experience in the industry, particularly in glass containers, as
well as his experience in governance matters.
Mr. João Moreira Salles, member of the Nomination and
Compensation Committee and representative of BW Gestão de
Investimentos LTDA, commented: "As a representative of the largest
shareholder and long-term investor in Verallia, we have heard
Michel Giannuzzi desire to change his role within the Group. In
almost five years, Michel Giannuzzi will have transformed the
Company into a recognized leader in its sector. Verallia is a solid
and successful Group with an ambitious ESG roadmap. We are
convinced that this new governance will benefit all stakeholders by
allowing Verallia to continue to capitalize on Michel Giannuzzi
unique experience and by welcoming Patrice Lucas as a CEO who will
live up to the Board ambitions for the future of the firm. We are
confident that the collaboration between the Chairman and the new
CEO will prove extremely fruitful in the years to come.”
Mr Michel Giannuzzi, Chairman and CEO of the Group, stated:
"These years as Chairman and CEO have been extremely exciting and
intense. Verallia has an inspiring purpose, experienced teams and
is very well positioned to continue its strategy of profitable
growth, whilst accelerating its investments in sustainability. I
look forward to continuing my commitment to the leadership of the
Group and will confidently hand over the CEO responsibility to
Patrice Lucas. With his strong industry and international
experience, Patrice Lucas will unite and lead all Verallia teams to
further success."
Mr Patrice Lucas, the future CEO of the Group, said: "I am
delighted to join Verallia, one of the world leaders in its
industry, to continue the profitable growth trajectory initiated by
Michel Giannuzzi and to work daily with teams committed to
constantly improving operational, financial and environmental
performance. I am convinced that the Group has all the assets
required to continue this strong momentum, which has been highly
praised by all of its stakeholders."
Mr Patrice Lucas will join Verallia on February 1, 2022 after a
30-year career in the automotive sector. He first worked for Valeo
in 1991 in various Quality functions before taking on further
responsibilities within the Group, including the management of a
production site in Mexico and later of an operational division in
Europe. In 2006, he joined the PSA Peugeot Citroën Group as Senior
Vice President in the engineering organization in charge of the
vehicle interior developments, and then took over the management of
the Group's Commercial Vehicle programs in 2010. In 2014, he became
Executive Vice President and member of the Global Executive
Committee in charge of PSA Corporate Planning, Programs and
Strategy before taking over the management of the Latin America
region in 2018. In 2021, he was appointed Deputy Chief Engineering
Officer of the Stellantis Group. Patrice Lucas, 55, is a graduate
of the Compiègne University of Technology (UTC) and ENSAM
Paris.
About Verallia - At Verallia, our purpose is to
re-imagine glass for a sustainable future. We want to redefine how
glass is produced, reused and recycled, to make it the world’s most
sustainable packaging material. We work in common cause with our
customers, suppliers and other partners across the value chain to
develop new healthy and sustainable solutions for all. With around
10,000 people and 32 glass production facilities in 11 countries,
we are the leading European and the third largest producer globally
of glass containers for food and beverages, providing innovative,
customized and environmentally friendly solutions to more than
10,000 businesses around the world. Verallia produced more than 16
billion bottles and jars and achieved revenues of €2.5 billion in
2020. Verallia is listed on compartment A of the Euronext Paris
stock exchange (Ticker: VRLA – ISIN: FR0013447729) and belongs to
the SBF 120, CAC Mid 60, CAC Mid & Small et CAC All-Tradable
indexes. For more information, visit www.verallia.com.
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Press contacts Brunswick
| Benoit GRANGE, Hugues BOËTON, Tristan ROQUET MONTEGON -
verallia@brunswickgroup.com - +33 1 53 96 83 83
Investors contact
Alexandra Baubigeat Boucheron
alexandra.baubigeat-boucheron@verallia.com
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