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Faurecia aquires European Company status

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The transformation of Faurecia into a European company, as decided by the Shareholders' Annual General Meeting of May 29, 2018, took effect on December 26, 2018, the date of Faurecia’s registration as a European company on the Trade and Companies Register.
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Faurecia’s legal status now better reflects the Group's European dimension and strengthens its international image and attractiveness among all stakeholders. In this context, an agreement to organize employee representation through the establishment of a newly created European Company Committee was concluded on 22 October 2018.  

The Group currently generates around half of its revenue in Europe, where it employs over 45,000 people, 13,000 of whom in France, based at 110 production centers and 13 research and development centers.

Faurecia continues to be governed by French law and remains listed on the Paris Stock Exchange. The change in legal form has no impact on its headquarters (completed in November 2018), which remains located in Nanterre, France.

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At its meeting on February 15, 2018, the Faurecia Board of Directors decided to submit a proposal to shareholders to convert Faurecia as a "European Company" (Societas Europaea, SE)

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