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Evolution of GovernanceMar 18, 2018
Paris La Defense, 18 March 2018 – Nexans’ Board of Directors has been informed that the Group’s Chief Executive Officer Arnaud Poupart-Lafarge has requested to leave the company as soon as possible due to personal reasons.
The Board of Directors has requested that Arnaud Poupart-Lafarge ensure a transition period until September 30, 2018 at the latest, which he has accepted.
The Board of Directors unanimously recognizes and warmly thanks Arnaud Poupart-Lafarge for his services and leadership in turning around the company and driving its growth since he started in the role in 2014 as well as accepting to support a period of managerial transition.
The Board of Directors, chaired by Georges Chodron de Courcel, in application of the Group succession plan, and in full agreement with Arnaud Poupart-Lafarge, has this day requested Pascal Portevin, in his role as Deputy CEO to expand his responsibilities to support the transition. He will, together with the CEO, drive the implementation of Nexans’ “Paced for Growth” strategic plan.
Georges Chodron de Courcel, Nexans Chairman of the Board states, “The Board of Directors and I are fully confident in the ability of Nexans’ Management Board to drive the execution of our strategy both during this period of transition and afterwards.”
The Board of Directors has decided to launch a recruitment process both internally and externally to fill the role of Chief Executive Officer as soon as possible.
Analysts and investors are welcome to attend a conference call with Arnaud Poupart-Lafarge and Pascal Portevin, arranged on Monday 19 March 2018 at noon (Paris time).
To connect, please dial one of the following numbers and ask for "Nexans Conference Call":
- From France: +33 (0) 1 71 23 01 07
- From other European countries: +44 1296 480 180
- From the United States: +1 718 354 1176
- Confirmation code: 207 997 67#