Saint-Gobain: just one Wendel representative on board.
(CercleFinance.com) - After the sale of Saint-Gobain's securities announced by Wendel on 2 June, Wendel's representation on Saint-Gobain's board of directors will be reduced to a single director, appointed as Frédéric Lemoine by Wendel.
Saint-Gobain's board of directors has decided to maintain its proposal for the renewal of director Gilles Schnepp's mandate at the group's AGM of 8 June. He will henceforth be an independent director for the group.
It is deemed that Gilles Schnepp now no longer has any particular links with Saint-Gobain, as Legrand, where he is CEO, has no longer been controlled by Wendel since 2011 and that Wendel has not held any stake in Legrand for four years.
Copyright (c) 2017 CercleFinance.com. All rights reserved.
Saint-Gobain's board of directors has decided to maintain its proposal for the renewal of director Gilles Schnepp's mandate at the group's AGM of 8 June. He will henceforth be an independent director for the group.
It is deemed that Gilles Schnepp now no longer has any particular links with Saint-Gobain, as Legrand, where he is CEO, has no longer been controlled by Wendel since 2011 and that Wendel has not held any stake in Legrand for four years.
Copyright (c) 2017 CercleFinance.com. All rights reserved.