Constellium N.V. announced that the board will nominate Jean-Marc Germain as an executive director at the company's next annual general meeting of shareholders to be held in June 2016, with the view to him becoming chief executive officer of the company in the course of summer 2016. Jean-Marc Germain will succeed Pierre Vareille, who announced in March 2016 his desire to retire as the CEO of the company. Until Jean-Marc Germain starts assuming his duties, Pierre Vareille will remain in his current role.

He will thereafter become an advisor to the Board to facilitate the transition. Jean-Marc Germain is currently (until April 30th, 2016) chief executive officer of Algeco Scotsman.