Faurecia Sharholders’ Meeting: two new board members and dividend payment of €0.90 per share

All resolutions were adopted at Faurecia's Shareholders' Meeting in Paris today under the chairmanship of Yann Delabrière.

Shareholders approved the appointment of Penelope Herscher and Patrick Koller as new Board Members for four years and renewed the mandate of Amparo Moraleda, Jean-Baptiste Chasseloup de Chatillon, Jean-Pierre Clamadieu and Robert Peugeot for the same period.

Penelope Herscher is a US and British national. She is Executive Chairman of business analytics firm FirstRain and was the company's President & CEO until 2015. Penelope Herscher previously held the position of Executive Vice President and Chief Marketing Officer at Cadence Design Systems from 2002 to 2003. From 1996 to 2002, she was President and Chief Executive Officer of Simplex Solutions, taking the company public in 2001 prior to its acquisition by Cadence in 2002. Penelope Herscher also sits on the boards of Lumentum Operations and Rambus. She has been Chairman of the board of Savonix since March 2016.

Patrick Koller is a French and German national. He is Chief Executive Officer of the Faurecia Group since July 1, 2016. He was Chief Operating Officer from February 2, 2015, to June 30, 2016, and served as EVP Faurecia Automotive Seating from 2006 to 2015. Before joining Faurecia, he spent six years with Rhodia (which later became part of Solvay) following a series of positions in the automotive industry at companies such as VDO, Hella and Valeo.

Following these appointments and renewals at the Shareholders’ Meeting on May 30, along with the expiration of the mandates of Yann Delabrière and Ross McInnes and the resignation of Lee Gardner (effective at the close of the board meeting on April 11 this year), the Faurecia Board of Directors now comprises 14 members, including 6 women.

Michel de Rosen is the new Chairman.

Dividend of 0.90€ per share

Based on the performance of the Group, the Shareholders' Meeting also approved the distribution of a gross dividend of €0.90 per share, to be paid in cash. The ex-coupon date will be June 2, 2017, and the dividend will be paid on June 6, 2017.

The presentation showed during the Shareholders' Meeting and the results of votes on resolutions will be available on the Faurecia website: www.faurecia.com

Next events

2017 Investor Day on the theme of sustainable mobility: Tuesday, June 27, 2017, London
2017 half-year results: Friday, July 21, 2017 (webcast)