Eiffage board organizes the new governance after death of CEO

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Eiffage board organizes the new governance after death of CEO

Eiffage board of directors has announced plans to reorganize the new governance after Chairman and CEO, Pierre Berger, death.

The company has reported in a press released:

The Board of Directors paid tribute to Chairman and CEO, Pierre Berger, who died on the night of October 22-23, 2015 and offers his condolences to his family.

Since joining the Group on January 5th 2011 as director and deputy CEO, Pierre Berger has successively held the positions of CEO from 1st July 2011 and then Chairman and CEO from September 10th 2012. His exceptional human and professional qualities were critical for the development of the Group, the increase of its profitability and the progress of Eiffage share price. Pierre Berger was driven by an exceptional energy and a passion for the activities of the Group.

The Board of Directors, acting on a proposal submitted by the nomination and remuneration committee, has adopted the following measures with immediate effect, to organize the new governance:

  1. It proceeded with the separation of the functions of chairman and that of chief executive officer.
  2. It delegated the chairmanship of the board to Jean-François Roverato until the nomination of a new chairman.
  3. After a proposition of Jean-François Roverato and for the same duration, it nominated Max Roche as CEO of Eiffage.
  4. It mandated the nomination and remuneration committee, under the chairwomanship of Thérèse Cornil, to find a successor to Pierre Berger, with the objective to conclude by the Board meeting of end of February 2016.

Eiffage is France's third-largest construction group by sales after Bouygues SA and Vinci. The company is focused on all sectors linked to construction, public works, concessions and industrial-process management. Conceived as a federation of companies, with up to 500 subsidiaries in France alone, Eiffage is the result of the 1993 acquisition by Fougerolle of Société Auxiliaires des Entreprises (SAE).

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