André Francois-Poncet has informed Wendel's Supervisory Board of his wish to hand over his mandate as Wendel's Group CEO in the near future in order to pursue personal interests. He will continue to serve as Group CEO until the end of the recruitment process and onboarding of the future CEO and he is working hand in hand with Wendel's Governance and Sustainable Development Committee to that end. The name of the new Group CEO will be announced during the second half of the year.

He/she will team up with David Darmon, Member of the Executive Board and deputy Group Chief Executive Officer.