BIC Group - Press
Release
Clichy - 17 May 2018
May 16, 2018 Annual
General meeting and Board
of Directors
Payment of 3.45 euros ordinary
dividend per share
Pierre Vareille Appointed as
Chairman and Gonzalve Bich as CEO
SOCIÉTÉ BIC
Annual General Meeting was held on Wednesday,
May 16, 2018 in Clichy (92) under the chairmanship of Bruno BICH,
Chairman of the Board and Chief Executive Officer.
The Shareholders' Meeting approved
the payment, from May 30, 2018, of an ordinary dividend amount of
3.45 euros per share, and all the proposed resolutions, among
them:
· the
financial statements for 2017;
· the
authorizations given to the Board of Directors to undertake
operations with regards to the shares of the Company (share
buybacks and cancellations);
· the renewal
of John GLEN, Pierre VAREILLE, Marie-Henriette POINSOT and SOCIETE
M.B.D. as Directors;
· the
appointment of Gonzalve BICH as new Director succeeding Bruno
BICH;
· the
compensation elements for 2017 fiscal year of Bruno BICH, Gonzalve
BICH, James DIPIETRO and Marie-Aimée BICH-DUFOUR;
· the
compensation policy for 2018 of the Chairman, Chief Executive
Officer and Executive Vice-Presidents;
· the renewal
of delegations of authority to the Board of Directors to increase
the share capital;
· the renewal
of authorization to be given to the Board of Directors to grant
shares and stock-options of the Company to employees and Corporate
Officers;
The Board of Directors, held after the Shareholders'
meeting, took the following decisions:
· the
separation of the functions of Chairman and of Chief Executive
Officer;
· the
nomination of Pierre VAREILLE as Chairman of the Board;
· the
nomination of Gonzalve BICH as Chief Executive Officer.
The Board also decided to appoint
Candace MATTHEWS as a member of the Audit Committee, replacing
Pierre VAREILLE. Candace MATTHEWS remains member of the
Nominations, Governance and CSR Committee but will no longer be
part of the Compensation Committee.
Gonzalve BICH - Chief Executive Officer
Gonzalve BICH, age 39,
French-American, is Chief Executive Officer (CEO) and Director of
SOCIÉTÉ BIC. Prior to this, he served as Chief Operating Officer
(COO) from January 2017 until May 2018, as well as Executive
Vice-President from June 2016 to May 2018.
Gonzalve joined BIC Asia in 2003,
where he developed the regional business for four years. He moved
on to serve as Group People Development Director before joining the
Shaver Category as Marketing Director. From 2008 to 2012, he led
the Northern European BIC's business and he was then named Deputy
General Manager, responsible for the Middle East, Africa, Oceania,
and Asia Pacific.
He was promoted to General Manager, Developing Markets in July 2013
and took the responsibility for BIC Consumer Business Categories
& Latin America operations in Spring 2016.
Pierre
VAREILLE - Chairman of the Board
Pierre VAREILLE, age 60, French,
is Chairman of the Board. He has served as Independent Director
since 2009. He was Vice-President and Lead Director from 2016
to May 2018, as well as a member of the Audit Committee until May
2018.
Pierre VAREILLE started his career in 1982 with Vallourec, holding
various positions in manufacturing, financial control, sales and
strategy. After having held general management positions at GFI
Aerospace, Faurecia and Péchiney, he was from 2004 to 2008 Chief
Executive Officer of the English automotive equipment manufacturer
Wagon PLC. From 2008 to 2011 he served as Chairman and CEO of FCI,
and from 2012 to 2016 as Chief Executive Officer of
Constellium.
John
GLEN - Independent Director
John GLEN, age 58, British, has
been an Independent Director since 2008 and chairs the Audit
Committee.
He serves as Chief Executive Officer of Buccleuch Group, the
holding company of a family-owned group that operates in industry
and agro-businesses.
John GLEN previously held various positions at Unilever and was
Chief Financial Officer at Air Liquide from 2000 until September
2008. He was also Vice-Chairman of the Supervisory Board at the
European Financial Reporting Advisory Group for four years.
Marie-Henriette POINSOT - director
Marie-Henriette POINSOT, age 57,
French, has been a Director since 1997. She is a member of the
Compensation Committee and of the Nominations, Governance and CSR
Committee.
She was Director of Strategic Planning and a member of the
Strategic Committee of the Options Group from 2006 to
2013.
Marie-Henriette POINSOT previously worked for nine years in the BIC
Group, where she held different positions including Deputy
Administrative Director of SOCIETE BIC.
société M.B.D. - Director
Société M.B.D. has been a Director
since 2006. Édouard BICH is a member of the Audit Committee since
then. Édouard BICH, age 53, French, is the permanent
representative and Managing Director of SOCIÉTÉ M.B.D. (Marcel BICH
Descendants). Before this, he spent eight years in the Finance
Department of Procter & Gamble.
Investor Relations: +33 1 45 19 52 26 |
Press Contacts |
Sophie
Palliez-Capian
sophie.palliez@bicworld.com |
Albane de
La Tour d'Artaise Albane.DeLaTourD'Artaise@bicworld.com |
Michèle
Schanté
Michele.Schante@bicworld.com |
Isabelle
de Segonzac: +33 1 53 70 74 70
isegonzac@image7.fr |
For more information, please consult the corporate
website: www.bicworld.com
2018
Agenda (all dates to be confirmed)
First Half
2018 results |
1st August
2018 |
Conference
call |
Third
Quarter 2018 results |
24 October
2018 |
Conference
call |
Full Year
2018 results |
13 February
2019 |
Meeting -
BIC Headquarters |
BIC is a world
leader in stationery, lighters, shavers and promotional products.
For more than 60 years, BIC has honored the tradition of providing
high-quality, affordable products to consumers everywhere. Through
this unwavering dedication and thanks to everyday efforts and
investments, BIC has become one of the most recognized brands and
is a trademark registered worldwide for identifying BIC products
which are sold in more than 160 countries around the world. In
2017, BIC recorded Net Sales of 2,041.4 million euros. The Company
is listed on "Euronext Paris" and is part of the SBF120 and CAC Mid
60 indexes. BIC is also part of the following Socially Responsible
Investment indexes: CDP's "Leadership Level"
(A-) and "Leadership Level" for the additional "Supplier" module,
Euronext Vigeo - Eurozone 120, Euronext Vigeo
- Europe 120, FTSE4Good indexes, Ethibel
Pioneer and Ethibel Excellence Investment Registers, Ethibel Sustainability Index (ESI) Excellence Europe, Stoxx
Global ESG Leaders Index.
Shareholders' Meeting & Board
of Directors on 16 May 2018
This
announcement is distributed by Nasdaq Corporate Solutions on behalf
of Nasdaq Corporate Solutions clients.
The issuer of this announcement warrants that they are solely
responsible for the content, accuracy and originality of the
information contained therein.
Source: BIC via Globenewswire
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