Vallourec Shareholders' Meeting of 25 May 2018 adopts all the resolutions submitted for approval
Vallourec, a world leader in premium tubular solutions, has announced that the combined annual Shareholders' Meeting held today, chaired by Ms. Vivienne Cox with a quorum of 51.1% adopted all the resolutions put to the vote.
The Shareholders' Meeting renewed the terms of office of Supervisory Board members Ms. Vivienne Cox, Mr. Cédric de Bailliencourt, Ms. Laurence Broseta and Ms. Alexandra Schaapveld and approved the appointment of Mr. Jean-Jacques Morin as member of the Supervisory Board for a period of four years ending after the Ordinary General Meeting of Shareholders called to approve the accounts of the financial year ending 31 December 2021.
The Supervisory Board consists of 13 members, of whom 5 are women. The proportion of independent members amounts to 82%.
The Shareholders' Meeting approved the resolutions relating to the compensation of the Management Board, the Chairman of the Supervisory Board and the members of the Supervisory Board for 2017 and 2018.
The Shareholders' Meeting also approved the renewal of the term of KPMG S.A. and Deloitte & Associés as Statutory Auditors for a six-year period.
Finally, the Shareholders' Meeting approved the financial statements of 2017 and decided not to pay a dividend in respect of the 2017 results.
The webcast of the Shareholders' Meeting held on 25 May 2018 and the results of voting on all resolutions submitted for shareholders' approval will be available on Vallourec's website in the coming days: www.vallourec.com
Mr. Jean-Jacques Morin
Jean-Jacques Morin holds an engineering degree from École Nationale Supérieure de l'Aéronautique et de l'Espace, a postgraduate degree in Accounting and Management (DSCG) and an MBA from Thunderbird. He began his career at Deloitte, conducting audits and consulting in Paris then Montreal. He then spent 13 years in the international high-tech sector, in particular with Motorola in France, Switzerland, Germany and the United States. He joined Alstom in 2005 and notably served as CFO for the Transport sector in Paris, Power Service sector in Zurich and Group CFO. He was appointed to the AccorHotels Executive Committee as Chief Financial Officer at the end of 2015.