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Imerys announces governance changes as from May 4

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  • Separation of the Chairman of the Board and Chief Executive Officer roles
  • Gilles Michel to be re-elected as Chairman of the Board of Directors
  • Conrad Keijzer to join Imerys Board and to become Chief Executive Officer

Following the wish expressed by Mr Gilles Michel to devote for personal reasons more time to his close family, the Board of Directors’ Appointments Committee, chaired by Mr Paul Desmarais III, has conducted an in-depth review of the Group’s leadership and governance. Its recommendations were presented to the Board of Directors on March 8, 2018 and unanimously approved. In particular, the Board has decided to separate the Group’s chairman of the board and chief executive officer roles.
Subject to their approval at the upcoming annual general meeting, the following decisions will be effective from May 4, 2018 :
• To re-elect Gilles Michel as Chairman of the Board, separated from the CEO role.
Today, Imerys, the world’s reference for mineral specialties, is growing, generating cash and creating value. Its business profile and potential have been significantly strengthened thanks to a clear and focused strategy of innovation, to investment and geographic expansion, to a sustained policy of selective acquisitions and to unswerving operational discipline. The Group is positioned on markets with, overall, a better growth potential and it benefits from a more balanced geographical footprint, especially in key emerging markets. And it has embarked on an internal transformation plan to improve efficiency and agility while reinforcing competitiveness.
The Board is looking forward to continuing to benefit from Gilles Michel’s strategic vision and deep operational knowledge of the Group in his new role.
• To appoint Mr Conrad Keijzer as Imerys’ Chief Executive Officer and Director.
Mr Keijzer has been selected after a thorough and professional process of evaluation and selection of internal as well as external candidates. Conrad Keijzer, 49, a Dutch citizen, will bring Imerys a wealth of operational and international experience.
Throughout his professional career at Akzo Nobel, a world leading global paints and coatings company and major producer of specialty chemicals leader, he held numerous operational leadership positions in several countries. As a member of the group’s executive committee, he was instrumental in expanding its presence in Asia – more than 25% of consolidated sales – and managed until 2017 the Performance Coatings division (sales of approximately 6 billion euros in 2016). Mr Conrad Keijzer will be based in Paris (France).

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