Veolia Announces Board Changes, Effective December 1, 2017
November 30, 2017 at 08:57 am EST
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At its meeting on November 6, 2017, Veolia's Board of Directors, taking note of increasing requirements of hard law as well as soft law regarding independence of board members, decided that henceforth, all the independence criteria of the AFEP-MEDEF Code, and in particular the criterion relating to length of service on the board, would be strictly applied. Consequently, it made new appointments to the positions of senior director, Chairman of the Remuneration Committee and Chairman of the Audit Committee. Ms. Maryse Aulagnon is appointed as senior director and as Chairman of the Remuneration Committee; and Ms. Nathalie Rachou is appointed as Chairman of the Audit Committee. The composition of the committees remains unchanged, except for the Audit Committee, which has an additional member, Ms. Isabelle Courville. These appointments will take effect on December 1, 2017.
Veolia Environnement is the world leader in environmental management services. Net sales break down by activity as follows:
- water-related services (40.6%; No. 1 worldwide): water resources management, drinking water distribution and delivery, wastewater collection, treatment and recovery, engineering, design, construction of water treatment facilities and customer relationship management, etc.;
- waste management services (32.4%; no. 1 worldwide): collection, treatment and recycling of liquid, solid, non-hazardous and hazardous waste, waste treatment and recovery through composting, energy recovery from waste, etc. Veolia Environnement also provides urban waste management services (maintenance and cleaning of public spaces, provision of mechanized street cleaning and façade treatment services), maintenance of industrial sites, and dismantling of industrial facilities and equipment at the end of their useful life;
- energy services (27%; No. 1 in Europe): delegated management of urban heating and air conditioning networks, management of thermal and multi-technique services (operation of heating systems, facility design, construction, and maintenance, etc.) and industrial services (industrial process analysis, production equipment operation, service, and maintenance), general management of buildings and public lighting.
Net sales are distributed geographically as follows: France (21.5%), Europe (41.9%), North America (7.4%), Asia (5.6%), Africa and the Middle East (4.9%), Pacific (4.3%), Latin America (4%) and other (10.4%).