McPhy announced that the Board of Directors, which met on October 11, 2021, has appointed Jean-Baptiste Lucas as Chief Executive Officer, replacing Luc Poyer. Jean-Baptiste Lucas' mandate will take effect on October 18, 2021. Consequently, the Board of Directors has decided to redissociate the functions of Chairman of the Board of Directors and Chief Executive Officer, from the date on which Jean-Baptiste Lucas' term of office takes effect, with Luc Poyer continuing to perform the functions of Chairman of the Board of Directors. Prior to joining McPhy, Mr. Lucas, 50, was since January 2019 the Managing Director of IPS B.V, a Dutch packaging technology group owned by Apollo Management, where he led the successful resizing and turnaround of the company. Between 2011 and July 2017, Mr. Lucas spent 6.5 years in Bahrain, working for industrial companies owned by the kingdom's sovereign wealth fund as Managing Director of GARMCO, where he led the construction of an aluminum casthouse, and previously as Executive Vice President of ALBA, where he was responsible for casthouses operations, operational excellence, metallurgy and global sales and marketing. Foreign Trade Advisor and a graduate of ESCP.