Saint-Gobain is evolving in a fast changing market environment which can be a source of substantial growth opportunities, provided the company is sufficiently close to markets and sufficiently agile. The company is launching an transformation plan, 'Transform and Grow' based on two pillars, an in-depth transformation of the Group's organizational structure and an accelerated portfolio rotation program. The new Group organizational structure intends to align the Group more closely with its end markets, taking into account the regional dimension of the majority of the company's markets and the global nature of the company's most innovative businesses. The new structure will consist of five reporting units, with four regional businesses and a global High Performance Solutions unit: Northern Europe: Nordic countries, United Kingdom, Ireland, Switzerland, Germany, Austria, Eastern Europe, Russia; Southern Europe, Middle East and Africa: France, Benelux, Mediterranean, Middle-East, Africa; Americas: North America, Latin America; Asia-Pacific; High Performance Solutions: High-Performance Materials (HPM) and Sekurit (automotive glass) businesses. These five reporting units will replace the current three business sectors and fourteen delegations, allowing for a more agile Group leveraging new opportunities from digital program and with simplified decision making processes which will enhance competitiveness. Tailoring business models to regional and market specificities will allow the company to accelerate profitable growth, and streamlined management structures will result in a leaner organization. In addition, the new organizational structure will allow increased synergies at local, market and global levels, to the benefit of customers. In line with the company's culture of social dialogue, the relevant representative bodies will be consulted and informed.

New Senior management team: Pierre-André de Chalendar, Chairman and CEO; Benoit Bazin, Chief Operating Officer; Laurent Guillot, Senior Vice President, CEO High Performance Solutions; Patrick Dupin, Senior Vice President, CEO Northern Europe Region; Guillaume Texier, Senior Vice President, CEO Southern Europe, Middle East and Africa Region; Thomas Kinisky, Senior Vice-President, Innovation and Chairman North America; Javier Gimeno, Senior Vice-President, CEO Asia-Pacific Region; Claire Pedini, Senior Vice-President, Human Resources and Digital Transformation; Sreedhar N., Chief Financial Officer; and Antoine Vignial, Corporate Secretary, in charge of Corporate Social Responsibility.