Nexity: Changes in Nexity's governance
March 31 2021 - 2:00AM
Nexity: Changes in Nexity's governance
CHANGES IN NEXITY’S GOVERNANCE
Paris, 31 March 2021
Nexity’s Board of Directors, at its
meeting yesterday chaired by Alain Dinin, adopted the draft
resolutions to be submitted for approval at its Shareholders’
Meeting on 19 May, as well as a number of decisions related to its
governance.
Subject to approval of these resolutions, a new
executive management structure will take effect at the close of the
Shareholders’ Meeting, with the following features:
- Separation of the roles of Chairman of the Board of Directors
and Chief Executive Officer, and appointment of Véronique Bédague
as Chief Executive Officer at the close of the Shareholders’
Meeting of 19 May 2021. Nexity thereby aims to reinstate the
governance system implemented in 2019 with the appointment of
Jean-Philippe Ruggieri as Chief Executive Officer, which was
interrupted following his death in April 2020. Alain Dinin, as
Chairman of the Board of Directors and the Strategy and Investment
Committee, will continue to assist the executive management team in
high-level decision-making regarding strategy and the allocation of
financial and human resources. Ms. Bédague, who currently leads all
of Nexity’s development businesses, will be appointed for a
four-year term.
- The announced departure of Julien Carmona, who has expressed
his wish to pursue a new career direction, and did not request to
have his appointment as a company officer and the Group’s Deputy
Chief Executive Officer renewed. This term of office will end at
the Shareholders’ Meeting in May 2021. The Board expresses its
deepest gratitude to Julien Carmona, who has shared his talent and
dedication with the Nexity Group since January 2014.
- To ensure continuity in delegations of authority, Jean-Claude
Bassien, already Deputy CEO in charge of Services, will be,
alongside Véronique Bédague, the Group’s second company officer for
a four-year term starting at the close of the Shareholders’
Meeting.
Alain Dinin commented: “The new governance
structure to be put in place as of the Shareholders’ Meeting of 19
May will ensure continuity and help accelerate the Group’s services
platform strategy. In my capacity as Chairman of the Board and
representative of a group of shareholders holding around 20% of the
share capital, I will accompany Véronique Bédague and her team in
developing our business models and pursuing a new growth cycle
driven by low-carbon solutions, services and innovation to adapt to
emerging trends in how people live and work. I would also like to
extend my deep thanks to Julien Carmona for his major contribution
to Nexity’s development over the past several years.”
In addition, a number of changes concerning the
Board of Directors will take place if the shareholders approve them
at the Shareholders’ Meeting on 19 May:
- The terms of office of two Board members are expiring at the
close of the 2021 Shareholders’ Meeting: Soumia Belaidi-Malinbaum,
whose reappointment will be proposed at the Shareholders’ Meeting,
and Jacques Veyrat, who has not requested to be reappointed.
- To replace Jacques Veyrat, following the procedure put in place
by the Remuneration, Appointments and CSR Committee, the Board of
Directors has chosen to propose the appointment of Myriam El
Khomri. Ms. El Khomri, former French Secretary of State for Urban
Affairs and former Labour Minister, former Paris City Council
member and Deputy Mayor of Paris, currently serves as Director of
the S2H Consulting subsidiary of the Siaci Saint Honoré group. Ms.
El Khomri’s recognised expertise in urban policy, urban planning,
labour relations and CSR will be vital assets in expanding and
diversifying the Board of Directors’ skill sets. Ms. El Khomri also
meets the independence criteria set for Nexity’s directors.
- In addition to her appointment as Chief Executive Officer, it
is proposed that Véronique Bédague be appointed as a Nexity
director.
- In full agreement with the Arkéa group, and in order to
strengthen the long-term partnership between the two groups, it
will be proposed at the next Shareholders’ Meeting to appoint
Crédit Mutuel Arkéa as a legal entity holding the position of a
Nexity director, taking over from Jean-Pierre Denis in his capacity
as a natural person director. As such, Crédit Mutuel Arkéa will
designate a permanent representative to serve on the Board of
Directors.
- The Board and its Chairman wish to express their sincere
gratitude to Jean-Pierre Denis and Jacques Veyrat for their support
and their contributions to Nexity’s Board of Directors.
- Lastly, the age limit under the Articles of Association
applicable to the Chairman of the Board of Directors will be raised
to 75, subject to a vote in favour by the shareholders, from the
current age limit of 72.
AT NEXITY, WE AIM TO SERVE ALL OUR
CLIENTS AS THEIR REAL ESTATE NEEDS EVOLVEWith more than
11,000 employees and €4.9 billion in revenue in 2020, Nexity is
France’s leading integrated real estate group, with a nationwide
presence and business operations in all areas of real estate
development and services for individuals, companies, institutional
investors and local authorities.Our services platform is designed
to serve all our clients as their real estate needs evolve.Firmly
committed to focusing on people and how they are connected with
each other, their cities and the environment, Nexity was ranked,
for the second year in a row, France’s number-one low-carbon
project owner by BBCA in 2020, is a member of the Bloomberg
Gender-Equality Index (GEI) and obtained Great Place to Work
certification in 2020.
Nexity is listed on the SRD, Euronext’s Compartment A and the
SBF 120.
CONTACTVéronique Creissels – Director of
Communications, Brand Strategy and Engagement / +33 (0)1 85 55 34
91 – vcreissels@nexity.frJulie Mary – Press Officer / +33 (0)1 85
55 32 35 – jmary@nexity.fr
- CP_CHANGES IN NEXITY’S GOVERNANCE
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