In 2011, Antoine Frérot launched an ambitious transformation plan for Veolia. Under that plan, a new generation of management executives has emerged, who have made a significant contribution to the transformation and since 2016 have implemented the renewed profitable growth strategy. Antoine Frérot has therefore decided to appoint Estelle Brachlianoff to the position of Chief Operating Officer, and Claude Laruelle to the position of Chief Financial Officer.

In their previous positions, both of them have been involved in developing Veolia's strategy for a number of years, and with their thorough knowledge of Veolia's businesses and the challenges that it faces, they will contribute to intensifying the Group's growth and efficiency strategy in anticipation of the upcoming strategic plan for 2020-2022. Estelle Brachlianoff has been Senior Executive Vice President, United Kingdom & Ireland since 2013 and has made that region one of the main showcases of Veolia's transformation, operational discipline and commercial success, in particular on new growth markets and with a new industrial and commercial clientele. As Director of Global Enterprises since 2015 and as a member of the Group's Executive Committee, Claude Laruelle has, among other things, implemented a substantial restructuring of Veolia's Water Technologies entity and of Sade, which has made it possible for them to deal with the economic slowdown in their respective sectors while developing a new commercial dynamism and repositioning themselves on growth markets.

His industrial efficiency expertise, acquired in particular as Veolia's Technical and Performance Director, has allowed him to reinforce the discipline of operational excellence of the entities under his management and to make significant improvements to their profitability and ROCE in the last three years. Claude Laruelle has also achieved significant growth in the results of the hazardous waste treatment activities, while following a rigorous investment management policy which has increased the zone's operational free cash flow. These appointments will take effect on September 1, 2018 in the case of Estelle Brachlianoff, and on October 1, 2018 in the case of Claude Laruelle.

Management of Veolia's United Kingdom & Ireland zone will then pass to Gavin Graveson, the region's current Chief Operating Officer, Public and Commercial. Management of Global Enterprises will be entrusted to Jean-François Nogrette, previously Chief Executive Officer of SARP-SARPI and then Veolia Water Technologies, with effect from October 1, 2018.