Arkema: Combined Annual General Meeting of 15 May 2024
May 15 2024 - 11:50AM
Business Wire
Regulatory News:
The combined annual general meeting of Arkema’s (Paris:AKE)
shareholders was held on Wednesday 15 May 2024 at the Théâtre des
Sablons in Neuilly-sur-Seine under the chairmanship of Thierry Le
Hénaff, Chairman and Chief Executive Officer.
Representing a quorum of 76.6%, shareholders very largely
approved all the resolutions recommended by the Board of Directors,
notably the renewal as director of Thierry Le Hénaff, Chairman and
Chief Executive Officer, with a majority of 90%, and the following
resolutions:
- The approval of the 2023 financial statements and the
distribution of a dividend of €3.50 per share;
- The compensation policy of the Chairman and Chief Executive
Officer, as well as the components of compensation due or awarded
to him for the year ended 31 December 2023;
- The compensation policy of non-executive directors, other than
the Chairman and Chief Executive Officer, and the information
relating to the compensation of directors in 2023; and
- The financial resolutions, including in particular the
delegation of authority granted to the Board of Directors to carry
out capital increases reserved for members of a company savings
plan (Plan d’Épargne d’Entreprise), without preferential
subscription rights.
The Board of Directors, which met after the annual general
meeting, decided to reappoint Thierry Le Hénaff as Chairman and
Chief Executive Officer for the duration of his term of office as
director.
During this annual general meeting, Thierry Le Hénaff reviewed
the Group’s solid financial performance in 2023 in a demanding
macroeconomic environment, with results in line with annual
guidance and excellent cash generation. Marie-José Donsion, Chief
Financial Officer, detailed these elements during her presentation
and also commented on the results for first-quarter 2024, as well
as the outlook for the year.
The Group's continued transformation towards Specialty Materials
was also illustrated, notably with the acquisition of a majority
stake in the South Korean company PI Advanced Materials, targeted
acquisitions in adhesives, progress in new generation batteries and
the innovation dynamic focused on sustainable development.
The general meeting also allowed the Chairman and Chief
Executive Officer to present Arkema's new roadmap for 2028, with
ambitious financial targets, supported by several organic projects
in key high-growth markets, such as electric mobility, advanced
electronics, efficient buildings and homes or sustainable
lifestyle.
Emmanuelle Bromet, Sustainable Development Vice-President,
discussed the Group's initiatives in terms of decarbonization and
Arkema’s commitments for biodiversity. Armand Ajdari, Chief
Technology Officer, also illustrated with a few examples the
Group's progress in green mobility.
Finally, Thierry Pilenko, Chairman of the Nominating,
Compensation and Corporate Governance Committee, underlined the
Committee’s and Board of Directors’ in-depth analysis regarding
Arkema’s current governance, in particular for the renewal of
Thierry Le Hénaff’s term of office and the compensation policy
proposed in this context. He more broadly presented the main
elements of the Company's governance policy.
The complete results of the votes and the broadcast of the
annual general meeting will be available in the coming days on the
Company's website www.arkema.com in the Investors/Annual general
meeting section.
Building on its unique set of expertise in materials science,
Arkema offers a portfolio of first-class technologies to address
ever-growing demand for new and sustainable materials. With the
ambition to become a pure player in Specialty Materials, the Group
is structured into 3 complementary, resilient and highly innovative
segments dedicated to Specialty Materials - Adhesive Solutions,
Advanced Materials, and Coating Solutions - accounting for some 92%
of Group sales in 2023, and a well-positioned and competitive
Intermediates segment. Arkema offers cutting-edge technological
solutions to meet the challenges of, among other things, new
energies, access to water, recycling, urbanization and mobility,
and fosters a permanent dialogue with all its stakeholders. The
Group reported sales of around €9.5 billion in 2023, and operates
in some 55 countries with 21,100 employees worldwide.
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version on businesswire.com: https://www.businesswire.com/news/home/20240515975559/en/
Investor relations contacts Béatrice Zilm, +33 (0)1 49 00 75 58,
beatrice.zilm@arkema.com Peter Farren, +33 (0)1 49 00 73 12,
peter.farren@arkema.com Mathieu Briatta, +33 (0)1 49 00 72 07,
mathieu.briatta@arkema.com Alexis Noël, +33 (0)1 49 00 74 37,
alexis.noel@arkema.com
Media Contact : Anne Plaisance, +33 (0)6 81 87 48 77,
anne.plaisance@arkema.com
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