Gilles Schnepp, Legrand's Chairman, has offered to the Board of Directors, which accepted it, to make a new change in the Group's governance. Following a first step taken in February 2018 towards a governance meeting the standards and best practices in place - on one hand, by permanently separating the offices of Chairman and of Chief Executive Officer and on the other hand by appointing Benoît Coquart as Chief Executive Officer - a further step is announced. This will be effective from July 1, 2020 and would consist in the appointment of Angeles Garcia-Poveda, an independent director since 2012, as Chairman of Legrand's Board of Directors. Angeles Garcia-Poveda is currently Lead Director and chairs the Compensation Committee, the Nominating and Governance Committee and is also a member of the Strategy and Social Responsibility Committee. Following this change, Michel Landel would be appointed as Lead Director and Chairman of the Nominating and Governance Committee, and Annalisa Loustau Elia would chair the Compensation Committee. These appointments would also be effective from July 1, 2020. Besides, Benoît Coquart, CEO would be appointed as a Director. Before joining Spencer Stuart in 2008, Angeles Garcia-Poveda worked for fourteen years with the Boston Consulting Group (BCG) in Madrid and Paris as a strategy consultant, before taking on various different recruiting missions at local and international levels. As head of global recruitment at BCG, she worked on cross-border recruitment projects. Michel Landel He began his career in 1977 working for Chase Manhattan Bank. In 1980, he joined the Poliet group as a plant manager. In 1984, he joined Sodexo Group as Operations Manager for Africa. He was appointed as Sodexo's CEO in North America in 1989. In 2000, he became Vice-Chairman of the Executive Committee and then in 2003 the Deputy Chief Executive Officer. From 2005 to January 2018, he was Sodexo's Chief Executive Officer and Chairman of the Executive Committee. He was appointed as a director of Sodexo in 2007. In addition, Michel Landel is Lead Director and Chairman of Danone's Governance Committee, as well as Chairman of the Louis Delhaize group's Board of Directors. Annalisa Loustau Elia worked at Cartier in Paris and Geneva for four years, then spent two years with L'Oréal (Luxury goods division) in Paris and 13 years with Procter & Gamble in Geneva, as well as with its subsidiaries in Paris and Rome. Benoît Coquart joined Legrand immediately after completing his studies in 1997 to take in charge the Group's activities in South Korea. Pursuing his career within the Group, he held several positions, including Head of Investor Relations, Vice-President of Corporate Development (M&A), Executive Vice-President Strategy and Development and Executive Vice-President France.