The General Shareholders' Meeting of Compagnie de Saint-Gobain was held today, again in closed session given the current health context. The shareholders represented at the meeting held an aggregate 68.36% of the outstanding shares. All resolutions were adopted. In particular, this General Shareholders' Meeting appointed Benoit BAZIN, future Chief Executive Officer as from July 1st, 2021, as a new Director. Pierre-Andre de CHALENDAR will serve as Chairman of the Board of Directors as from this date, in accordance with the decision of the Board of Directors of February 25, 2021 to separate the roles of Chairman and Chief Executive Officer.
In addition, the Directors' terms of office of Pamela KNAPP and Agnes LEMARCHAND, Independent Directors, of Gilles SCHNEPP and of Sibylle DAUNIS as Director representing employee shareholders, were renewed by the General Shareholders' Meeting. Philippe VARIN, whose experience and judgement have contributed significantly to the Board's debates and decisions, did not wish to renew his term of office, in view of the age limit he would have reached during his term of office if renewed, and leaves the Board today.
The Board of Directors of Compagnie de Saint-Gobain is composed of 14 members (including two Employee Directors and one Director representing employee shareholders). In accordance with the law and the AFEP-MEDEF Corporate Governance Code, it comprises 45% women and 64% Independent Directors.
The General Shareholders' Meeting also approved the payment of a dividend of EUR1.33 per share, to be wholly paid in cash. The ex-dividend date will be June 7 and the dividend payment will be made as from June 9, 2021.
A webcast of the General Shareholders' Meeting and the results of the vote on each resolution will be available on the Company's website (www.saint-gobain.com) tonight.
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Saint-Gobain designs, manufactures and distributes materials and solutions for the construction, mobility, healthcare and other industrial application markets. Developed through a continuous innovation process, they can be found everywhere in our living places and daily life, providing wellbeing, performance and safety, while addressing the challenges of sustainable construction, resource efficiency and the fight against climate change. This strategy of responsible growth is guided by the Saint-Gobain purpose, 'MAKING THE WORLD A BETTER HOME', which responds to the shared ambition of all the women and men in the Group to act every day to make the world a more beautiful and sustainable place to live in.
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