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MERSEN (EPA:MRN) - Mersen: Changes to the Board of Directors

Directive transparence : information réglementée Autres communiqués

10/04/2019 17:40

PRESS RELEASE

MERSEN: CHANGES TO THE BOARD OF DIRECTORS

PARIS, APRIL 10, 2019 - Mersen (Euronext FR0000039620 - MRN), a global expert
in electrical power and advanced materials, has announced the changes to its
Board of Directors that will apply from the close of the Annual General Meeting
to be held on May 17, 2019.

After close to 12 years as an independent director of the company, the Chairman
of the Audit and Accounts Committee, Henri-Dominique Petit, will not be
standing for re-election at the Annual General Meeting of May 17, 2019, thereby
ensuring that Mersen complies with the recommendations of the AFEP-MEDEF Code
on the maximum duration of independent directors' terms of office.

The Board of Directors would like to warmly thank Henri-Dominique Petit for his
outstanding contribution to the work of the Board and particularly the work of
the Audit and Accounts Committee over the years.

The General Meeting will be asked to approve the appointment of Denis Thiery as
a new director. In accordance with the recommendations of the Governance and
Remuneration Committee, Denis Thiery fulfills the requisite independence
criteria and brings his extensive experience to the Board as Chief Financial
Officer for several companies (Wang France 1984-1991, Moorings 1991-1997,
Neopost 1998- 2007), and Chief Executive Officer of a peer international group.
Aged 63, he has been Chairman of Neopost's Board of Directors since 2018,
following an nine-year term as Chief Executive Officer.

The General Meeting will also be asked to approve the renewal of Bpifrance
Investissement's term of office. Catherine Delcroix, whose term of office will
expire, has not requested that it be renewed. The Board extends its sincere
thanks to Catherine Delcroix for her constant constructive and effective
contribution to its work.

Subject to shareholders' approval of the appointment of Denis Thiery and the
renewal of Bpifrance Investissement's term of office, the Board of Directors
will have ten members (including five independent directors and one director to
represent the employees). The proportion of women directors on the Board will
be at 44%.

The Audit and Accounts Committee will be chaired by Denis Thiery and will have
four members, three of whom will be independent. Yann Chareton has accepted to
leave the Committee while remaining on the Board of Directors so as to respect
the AFEP-MEDEF rules on Audit and Accounts Committee members.

ABOUT MERSEN

A global expert in electrical power and advanced materials, Mersen designs
innovative solutions to address its clients' specific needs to enable them to
optimize their manufacturing performance in sectors such as energy,
electronics, transportation, chemicals & pharmaceuticals and process
industries.

Mersen, with its 6,900 employees working across 35 countries, recorded sales of
EUR879 million in 2018.

MERSEN IS LISTED ON EURONEXT PARIS - COMPARTMENT B

INVESTOR AND ANALYST RELATIONS
Véronique Boca
Vice-President, Communications
Mersen
Tel.: +33 (0)1 46 91 54 40
Email: dri@mersen.com

MEDIA RELATIONS

Stanislas Mulliez/Guillaume Granier
FTI Consulting Strategic Communications
Tel.: +33 (0)1 47 03 68 10
Email: stanislas.mulliez@fticonsulting.com /
guillaume.granier@fticonsulting.com