Adoption of all resolutions by the shareholders’ meeting of 12 may 2020
Results of votes on resolutions at the 2020 Shareholders’ Meeting
Adoption of all resolutions by the Shareholders’ Meeting of 12 May 2020
The SUEZ Shareholders’ Meeting was held on 12 May 2020 at the company’s registered office, without the physical presence of shareholders, and was chaired by Mr Jean-Louis Chaussade. All submitted resolutions were adopted. Shareholder participation was 78.64%.
The Shareholders’ Meeting paid tribute to Jean-Louis Chaussade, whose term of office as Chairman of the Board of Directors ended at the close of the meeting.
Following his appointment as a director by the Shareholders’ Meeting, Philippe Varin took over as Chairman of SUEZ’s Board, succeeding Mr Chaussade. The compensation policy for each of the corporate officers was approved.
During the Shareholders’ Meeting, Bertrand Camus, Chief Executive Officer, presented the Group’s first Purpose to shareholders after it had been approved by the Board of Directors.
The Shareholders’ Meeting approved the renewal of the terms of Ms Myriem Bensalah-Chaqroun and Ms Delphine Ernotte Cunci, as well as Mr Isidro Fainé Casas and Mr Guillaume Thivolle. Mr Pierre Mongin announced his decision to resign as a director during the Board of Directors’ meeting at the close of the Shareholders’ Meeting. The Board now has 15 members, of whom 58% are independent directors1 and 58% are women.
In addition, the Shareholders’ Meeting approved the distribution of a €0.45 per share cash dividend. The ex-dividend date is 18 May 2020, with payment on 20 May 2020.
Finally, the Shareholders’ Meeting renewed all finance-related authorisations granted to the Board of Directors.
The Board of Directors reviewed the composition of its committees during its meeting at the close of the Shareholders’ Meeting. The committees will have the following members:
- Audit and Financial Statements Committee: Delphine Ernotte Cunci (Chairwoman), Judith Hartmann, Anne Lauvergeon and Guillaume Thivolle;
- Appointment, Compensation and Governance Committee: Brigitte Taittinger-Jouyet (Chairwoman), Agatta Constantini, Delphine Ernotte Cunci, Isabelle Kocher and Philippe Varin;
- CSR, Innovation, Ethics, Water and Sustainable Planet Committee: Anne Lauvergeon (Chairwoman), Enric Amiguet i Rovira, Franck Bruel, Martha Crawford, Brigitte Taittinger-Jouyet and Guillaume Thivolle;
- Strategy Committee: Miriem Bensalah Chaqroun (Chairwoman), Enric Amiguet i Rovira, Francesco Caltagirone, Agatta Constantini, Isidro Fainé Casas, Isabelle Kocher and Philippe Varin.”
The Shareholders’ Meeting paid tribute to Jean-Louis Chaussade and to the extraordinary efforts of Gérard Mestrallet, Nicolas Bazire and Guillaume Pépy, who have been directors since 2008 and are now stepping down from their duties. The Board also thanked Pierre Mongin, a director since 2016, for his support and diligent work. Mr Mongin tendered his resignation during the Board meeting at the close of the Shareholders’ Meeting.
Jean-Louis Chaussade worked for the Group for 42 years and led it for 15 years. Appointed Chief Executive Officer in 2004, he oversaw the Group’s initial public offering (IPO) in 2008. In particular, he drove the company’s international growth strategy in China, Australia, South America and Europe, winning the Spanish and Italian water markets with Agbar and ACEA respectively. In 2015, he oversaw SUEZ’s transformation into a single brand. The strategic 2017 acquisition of American group GE Water, which became WTS, was a major milestone in that it both positioned the Group in the promising industrial customers’ market and strengthened its North American presence.
Jean-Louis Chaussade commented: “I am proud of our Group’s achievements. We have succeeded in radically transforming SUEZ into an international group, a pioneer of green growth. I would like to thank each and every one of the employees, customers, partners and stakeholders who supported me. I wish the new team, led by Philippe Varin and Bertrand Camus, every success as they continue to make the Group grow in order for SUEZ to become the leader in environmental transformation. The resource revolution will ultimately drive the sustainable and circular economy of the 21st century, and for this I will continue to persevere.”
The Board commended Jean-Louis Chaussade and his illustrious career devoted entirely to environmental causes. Since the Group’s IPO in 2008, he has led SUEZ’s development and transformation, adapting it to fast-changing markets and new customer needs.
Bertrand Camus said: “Today marks a new stage in SUEZ’s governance. Jean-Louis played an active role here for more than 40 years. Alongside Gérard Mestrallet, he participated in the Group’s growth. It’s an honour for me to accelerate SUEZ’s operations, building on the foundations that they both laid. I would like to take this opportunity to thank them for their commitment and their numerous efforts. I would also like to thank Nicolas Bazire, Guillaume Pépy and Pierre Mongin, who are stepping down from their duties this year and who have supported the company’s development since its IPO in 2008. We are living through unprecedented times. I know we can all count on Philippe Varin, whose industrial expertise and humanity are recognised both in France and abroad.”
Philippe Varin commented: “It’s a great honour to become SUEZ’s Chairman in a period when environmental challenges and their impact on health and quality of life are of the utmost importance to all citizens. SUEZ is an internationally recognised group in these areas, and we must expand its foothold through the implementation and affirmation of its new strategic plan. I will use all my global and industrial experience to support the growth of the Group and Bertrand Camus’s management team. The Group is pulling out all the stops worldwide during this global health crisis. I am proud to join SUEZ’s 90,000 employees who share both a team spirit and a passion for the environment.”
18 May 2020: Ex-dividend date
20 May 2020: Payment of dividend
30 July 2020: Publication of H1 2020 results
1 : excluding the employee directors and the employee shareholder director, pursuant to the AFEP-MEDEF Code, i.e. seven independent directors.