Further to the selection process launched by Carmila’s Board of Directors on 16 June 2020, and following the opinion of the Compensation and Nomination Committee, the extraordinary Board of Directors’ meeting of 2 November 2020 appointed Marie Cheval to succeed Alexandre de Palmas as Chairman of Carmila with effect from 3 November 2020. As Director of Carrefour France Hypermarkets since 2018, Marie Cheval has successfully overseen the transformation plan for the Carrefour group’s hypermarkets, a key format for Carmila whose strategy is based on their dynamism and operational synergies. As a member of the Board of Directors of Carmila since 2018, Marie Cheval has actively participated in defining and monitoring the progress of Carmila’s strategy, and she is very familiar with Carmila’s portfolio and teams.