On December 10, 2019, following the recommendation of its Nomination, Governance and CSR Committee, the Board of Directors of SOCIETE BIC, co-opted Timothée BICH as Director. Timothée BICH succeeds François BICH, who resigned, until the ratification of this co-optation by BIC's May 20, 2020, General Shareholders' Meeting. He is a portfolio manager at Stone Milliner Asset Management LLP, a London-based Asset Management company, which he joined in 2012. The Board also decided to submit to the 20 May 2020 General Shareholders' Meeting, the appointment of Jake SCHWARTZ as Independent Director. Jake SCHWARTZ is Managing Director and co-founder of General Assembly, a pioneering company in professional education and career development, specialized in Digital and New Technology skills.