Ecoslops announced that it has noted Michel Pingeot’s intention to stand down from his position as Chairman of the Board of Directors effective November 15, 2016. Michel Pingeot will be put forward as censor and Honorary Chairman of the board so that the company can continue to benefit from his expertise. As a result of this resignation, the Board of Directors met and agreed to appoint Vincent Favier, the company’s current CEO, as the new Chairman of the Board effective November 15, 2016.