Total: New Board of Statutory Auditors Proposed to the Shareholders' Meeting on May 25, 2022
October 29 2020 - 4:46PM
Dow Jones News
Regulatory News:
The Board of Directors of TOTAL SE (Paris:FP) (LSE:TTA)
(NYSE:TOT) at the meeting held on October 29, 2020, decided to
propose to the Shareholders' Meeting on May 25, 2022, which will
approve the financial statements for the fiscal year 2021:
-- the appointment of PWC as statutory auditor for a 6-year term in
replacement of KPMG whose term will end at that date and cannot be
renewed according to applicable regulations,
-- the reappointment of EY as statutory auditor for a 6-year term.
Patrick Artus, Chairman of the Audit Committee said: "In order
to ensure that the high-quality audit of the Group is maintained
through the implementation of a tailored transition plan between
the former and new board of statutory auditors, the Audit Committee
of TOTAL SE has decided to proceed, as from 2020, with the
selection of the new board of statutory auditors whose terms will
start at the conclusion of the Shareholders' Meeting on May 25,
2022.
"The selection process carried out by the Committee led to the
recommendation to the Board of Directors to choose EY, a member of
the current board of statutory auditors, and PWC whose teams have
demonstrated, through a competitive process, their capacity to
undertake the audit of the accounts of TOTAL SE and its
subsidiaries according to best practices."
The Board of Directors of TOTAL SE also took note of the
appointment by the Central Social and Economic Works Council on
June 14, 2020 of Mr. Romain Garcia-Ivaldi as a director of the
Company, the term of Mrs. Christine Renaud having expired at the
conclusion of the Shareholders' Meeting on May 29, 2020. It also
took note of the appointment on October 14, 2020 by the SE
Committee, known as the Total European Committee, of Mr. Angel Pobo
as a director of the Company. Pursuant to Article 11 of the
Company's articles of association, the terms of Mr. Romain
Garcia-Ivaldi and Mr. Angel Pobo will expire at the close of the
Shareholders' Meeting called in 2023 to approve the Company's
financial statements for the fiscal year 2022. As the Board of
Directors of TOTAL SE also includes a member representing employee
shareholders, it is now composed of thirteen members, including
three employees of the Company.
About Total
Total is a major energy player, which produces and markets
fuels, natural gas and electricity. Our 100,000 employees are
committed to better energy that is safer, more affordable, cleaner
and accessible to as many people as possible. Active in more than
130 countries, our ambition is to become the responsible energy
major.
* * * * *
Cautionary Note
This press release, from which no legal consequences may be
drawn, is for information purposes only. The entities in which
TOTAL SE directly or indirectly owns investments are separate legal
entities. TOTAL SE has no liability for their acts or omissions. In
this document, the terms "Total", "Total Group" and Group are
sometimes used for convenience. Likewise, the words "we", "us" and
"our" may also be used to refer to subsidiaries in general or to
those who work for them.
This document may contain forward-looking information and
statements that are based on a number of economic data and
assumptions made in a given economic, competitive and regulatory
environment. They may prove to be inaccurate in the future and are
subject to a number of risk factors. Neither TOTAL SE nor any of
its subsidiaries assumes any obligation to update publicly any
forward-looking information or statement, objectives or trends
contained in this document whether as a result of new information,
future events or otherwise.
View source version on businesswire.com:
https://www.businesswire.com/news/home/20201029006265/en/
CONTACT: Total
Media Relations: +33 (0)1 47 44 46 99 l presse@total.com l
@TotalPress
Investor Relations: +44 (0)207 719 7962 l ir@total.com
SOURCE: Total
Copyright Business Wire 2020
(END) Dow Jones Newswires
October 29, 2020 16:31 ET (20:31 GMT)
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