Regulatory News:
Verallia (Paris:VRLA):
- Separation of the functions of Chairman
of the Board of Directors and Chief Executive Officer
- Michel Giannuzzi continues to act as
Chairman of the Board of Directors
- Patrice Lucas becomes Chief Executive
Officer and joins the Board of Directors as Director
- Appointment of Didier Debrosse as an
independent director
- Appointment of Beatriz Peinado Vallejo
as Director representing employee shareholders
- Dividend of €1.05, to be paid on May 23,
2022
The Combined Annual General Meeting of the Company's
shareholders was held today under the chairmanship of Michel
Giannuzzi, Chairman and Chief Executive Officer, and in the
presence of, among others, Nathalie Delbreuve, Group Chief
Financial Officer, Cécile Tandeau de Marsac, Chairwoman of the
Compensation Committee, Wendy Kool-Foulon, Group General Counsel
and Secretary of the Board of Directors, and the Company's
statutory auditors.
The companies Brasil Warrant Administração de Bens e Empresas
S.A. and Bpifrance Participations, appointed from among the
shareholders holding the largest number of voting rights at the
date of the meeting, acted as scrutineers.
With a quorum of 76,9%, the AGM notably:
- approved the parent company and consolidated financial
statements for the year ended 31 December 2021;
- approved the distribution of a dividend of €1.05 per share, to
be paid in full in cash; this dividend will go ex-dividend on May
19, 2022 and be paid on May 23, 2022;
- appointed Patrice Lucas as a director and Didier Debrosse as
an independent director, each for a term of four years;
- appointed, for a term of four years, as director representing
employee shareholders;
- approved the compensation paid or awarded in respect of fiscal
year 2021 to corporate officers, as well as the compensation policy
for corporate officers in respect of fiscal year 2022;
- renewed the authorization for the Company to buy back its own
shares and the delegations of authority and financial
authorizations granted to the Board of Directors; and
- approved the amendment to the Company's bylaws to provide for
the principle of staggered renewal of terms of office on the Board
of Directors.
At the end of the AGM, Michel Giannuzzi ceased to hold the
position of Chief Executive Officer of the Company, in accordance
with his announced wish to retire on December 6, 2021, and in the
interest of applying best governance practices. Michel Giannuzzi
continues to serve as Chairman of the Board of Directors and
Patrice Lucas, who joined the Group on February 1, 2022 as Chief
Operating Officer, is appointed Chief Executive Officer and joins
the Board of Directors as a Director.
The Board of Directors now has thirteen members, including five
independent directors, two directors representing employees and one
director representing employee shareholders. On the recommendation
of the Nominating Committee, the Board of Directors has decided
that the composition of the Board's Committees is now as
follows:
- Audit Committee:
Marie-José Donsion (Chairwoman), Brasil Warrant Administração de
Bens e Empresas S.A. (represented by Marcia Freitas) and Didier
Debrosse;
- Compensation Committee :
Cécile Tandeau de Marsac (Chairwoman), BW Gestão de Investimentos
Ltda. (represented by João Salles), Marie-José Donsion, Dieter
Müller and Pierre Vareille;
- Nominations Committee:
Cécile Tandeau de Marsac (Chairwoman), BW Gestão de Investimentos
Ltda. (represented by João Salles), Virginie Hélias and Pierre
Vareille;
- Sustainability Committee:
Virginie Hélias (Chairwoman), Bpifrance Investissement (represented
by Sébastien Moynot), Michel Giannuzzi, Xavier Massol and Beatriz
Peinado Vallejo; and
- Strategic Committee:
Pierre Vareille (Chairman), BW Gestão de Investimentos Ltda.
(represented by João Salles), Didier Debrosse and Michel
Giannuzzi.
In concluding the AGM, Michel Giannuzzi, Chairman of the Board,
stated: “These years as Chairman and CEO have been exciting and
intense. The strong profitable growth was recognized by Verallia's
IPO on the Euronext Paris market in 2019. Verallia now has an
inspiring purpose, experienced teams and is very well positioned to
continue its strategy of profitable growth, while accelerating its
investments in sustainable development. I am delighted to begin a
new chapter in the history of our Group, together with Patrice
Lucas.”
Patrice Lucas, the Group’s new CEO, said, “I would like to thank
the shareholders and the Board of Directors for the confidence they
have placed in me by appointing me Chief Executive Officer of
Verallia, one of the world leaders in its industry. I am convinced
that the Group, composed of engaged teams, serving operational,
financial and environmental performance, has all the assets to
pursue the strategy initiated by Michel Giannuzzi and to continue
this strong momentum that has been welcomed by all
stakeholders.”
The presentation and broadcast of the AGM, as well as the
detailed results of the votes by resolution, are available on the
website www.verallia.com, in the Investors section, Regulated
Information section, sub-section AGM 2022.
Financial calendar
- July 27, 2022: H1 2022 results -
Press release after the stock
exchange has closed and conf’ call/presentation the
following day at 9am CET.
- October 19, 2022: Q3 2022
financial performance - Press release after the stock exchange has closed and conf’
call/presentation the following day at 9am CET.
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 €2.7 billion in 2021. 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: www.verallia.com
View source
version on businesswire.com: https://www.businesswire.com/news/home/20220511005848/en/
Verallia Investor Relations contact
Alexandra Baubigeat Boucheron –
alexandra.baubigeat-boucheron@verallia.com
Verallia Press contacts Annabel
Fuder & Rachel Hounsinou - verallia@wellcom.fr - +33 (0)1 46 34
60 60
VERALLIA (EU:VRLA)
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