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Succession plan for Jean-Dominique Senard

The term of office of Michelinís Chief Executive Officer is due to expire at the close of the 2019 Annual Shareholders Meeting and, as he recently announced, Jean-Dominique SENARD does not want to stand for re-election.


To plan his replacement in line with corporate governance best practices and in the Groupís best interests, the Non-Managing General Partner, SAGES, engaged in a rigorous, thorough selection process several months ago in full cooperation with Michelinís Supervisory Board and Jean-Dominique SENARD, General Managing Partner, himself.

As part of this process, and in accordance with the Companyís Bylaws, the Board of Directors of SAGES made a recommendation that was presented by its Chairman, Jacques de Chateauvieux, to the Companyís Supervisory Board meeting on February 9, 2018. The Supervisory Board issued a unanimous opinion in favor of SAGESí recommendation. The General Partners subsequently held a meeting during which this recommendation was approved by Jean-Dominique Senard.

All participants in the Companyís governance system agreed that management continuity should be secured immediately, in line with Michelinís values.

As a result, the decision was made to submit the following resolutions to the shareholders at the Companyís upcoming Annual Meeting in May 2018:

  • an extraordinary resolution to elect Florent MENEGAUX as General Managing Partner;
  • an ordinary resolution to elect Yves CHAPOT as Managing Partner.

Once these replacements have been made, and in accordance with the Companyís Bylaws, SAGES will act on the Supervisory Boardís recommendation and appoint Jean-Dominique SENARD†as Chief Executive Officer, to be succeeded by†Florent MENEGAUX at the close of the 2019 Annual Shareholders Meeting.

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