Lord Levene of Portsoken KBE Joins the Board of Groupe Eurotunnel SA
March 02 2012 - 2:45AM
UK Regulatory
TIDMGETS
The Board of Groupe Eurotunnel SA (Paris:GET) (LSE:GETS), on the
recommendation of its nominations and remuneration committee, at
its meeting on 29 February 2012 appointed Lord Peter Levene as an
independent director of the company. Lord Levene replaces Mr Henri
Rouanet, who has stepped down from the Board, for the remainder of
his term of office, namely the conclusion of the general meeting
called to approve the 2011 financial statements.
The nomination of a new British board member reinforces the
proportion of non-French board members, which increases from 28% to
36%. The average age of board members is now 61.
Jacques Gounon, Chairman and Chief Executive Officer of Groupe
Eurotunnel SA, stated:
« I welcome the arrival of Lord Peter Levene, a foundation
shareholder of Eurotunnel, who through his extensive experience and
his personality will bring to the Group a significant contribution
in terms of competence, experience and public profile. On behalf of
the Board, I would like to thank Henri Rouanet for his valuable
contribution. The Board is very grateful for the excellent work he
has achieved as Chairman of the Safety and Security committee which
he has presided up to now. »
AFoundation Shareholder of Eurotunnel, Peter Levene joined the
defence group United Scientific Holdings in 1963, and rose to the
post of Group chairman in 1981. Subsequently, he was asked by
Secretary of State for Defence, Michael Heseltine, to act as his
Personal Advisor in the MoD, and then as Permanent Secretary in the
role of Chief of Defence Procurement, a position which he held for
six years. He thereafter held the post of Advisor to the Secretary
of State for the Environment, to the President of the Board of
Trade and to the Chancellor of the Exchequer. He was appointed as
Advisor to the Prime Minister on Efficiency and Effectiveness from
1992 to 1997. During this period, he also served as Chairman of the
Docklands Light Railway and then Chairman and Chief Executive of
Canary Wharf Ltd. He served as a member of the Board of Directors
of J. Sainsbury plc from 2001-2004 and of Total SA from 2005-2011.
He is currently Chairman of NBNK Investments plc, Chairman of
General Dynamics UK Ltd, and a member of the boards of Haymarket
Publications and China Construction Bank. He is an Alderman of the
City of London and served as Sheriff of London from 1995-96. He
served as Lord Mayor of London for the year 1998-99. He received a
knighthood in 1989 and became a Life Peer in July 1997 as Lord
Levene of Portsoken. Previously, he served as Chairman of Lloyd's,
the world's leading specialist insurance and reinsurance market
from 2002-2011, after having been Vice Chairman of Deutsche Bank.
Prior to this, he held the position of Chairman of Bankers Trust
International, Morgan Stanley and Wasserstein Perella.
GROUPE EUROTUNNELFor media enquiriesJohn Keefe, + 44 (0) 1303
284491Consultantpress@eurotunnel.comorFor investor enquiriesMichael
Schuller, +44 (0) 1303 288749Michael.schuller@eurotunnel.com
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