Cnova N.V.: Appointment of Chairman of the Board
November 17 2016 - 1:40AM
CNOVA
N.V.
Appointment of Chairman of the Board
AMSTERDAM, November 17, 2016,
07:45 CET - Cnova N.V. (NASDAQ and Euronext Paris: CNV; ISIN:
NL0010949392) ("Cnova" or the "Company") announces the appointment
of Mr. Antoine Giscard d'Estaing as Chairman of the Board of
Directors (the "Board"), effective immediately, following the
resignation of Mr. Peter Estermann from his position as
non-executive director and Chairman on October 31, 2016. The Board
now consists of 9 members.
Biographical information of Mr.
Giscard d'Estaing as well as other Board members is available at
www.cnova.com/en/investor-relations/board-of-directors/.
The Company and the Board thank
Mr. Estermann for his contribution to the Company and congratulate
Mr. Giscard d'Estaing on his appointment.
***
Cnova Investor Relations Contact:
Cnova N.V.
Head of Investor Relations
+31 20 795 06 71
investor@cnova.com |
Media Contact:
Cnova N.V.
Head of Communications
+ 31 20 795 06 76
directiondelacommunication@cnovagroup.com |
About Cnova
N.V.
Cnova N.V., one of the leading e-Commerce
companies in France, serves 7.9 million active customers via its
state-of-the-art website, Cdiscount. Cnova N.V.'s product offering
of more than 19 million items provides its clients with a wide variety of very
competitively priced goods, several fast and customer-convenient delivery options as well as practical
payment solutions. Cnova N.V. is part of Groupe Casino, a global
diversified retailer. Cnova N.V.'s news releases are available at
www.cnova.com. Information available on, or accessible through, the
sites referenced above is not part of this press release.
This press
release contains regulated information (gereglementeerde
informatie) within the meaning of the Dutch Financial Supervision
Act (Wet op het financieel toezicht) which must be made publicly
available pursuant to Dutch and French law. This press release is
intended for information purposes only.
Forward-Looking
Statements
This press
release contains forward-looking statements. Such forward-looking
statements may generally be identified by words like "anticipate,"
"assume," "believe," "continue," "could," "estimate," "expect,"
"intend," "may," "plan," "potential," "predict," "project,"
"future," "will," "seek" and similar terms or phrases.
Examples of forward-looking statements include, but are not limited
to, statements made regarding the possibility, timing and other
terms and conditions of the proposed transaction and the related
offer by the Company's controlling shareholder Casino,
Guichard-Perrachon ("Casino") for the outstanding shares of
Cnova. The forward-looking statements contained in this press
release are based on management's current expectations, which are
subject to uncertainty, risks and changes in circumstances that are
difficult to predict and many of which are outside of Cnova's
control. Important factors that could cause Cnova's actual results
to differ materially from those indicated in the forward-looking
statements include, among others: the effect of the announcement of
the Reorganization on the ability of the Company to retain and hire
key personnel, maintain relationships with its customers and
suppliers, and maintain its operating results and business
generally; the outcome of any legal proceedings that may be
instituted against the Company and others relating to the
reorganization agreement, dated as of August 8, 2016, between Cnova
Brazil, Via Varejo and Cnova (the "Reorganization Agreement");
changes in global, national, regional or local economic, business,
competitive, market or regulatory conditions; and other factors
discussed under the heading "Risk Factors" in the U.S. Annual
Report on Form 20-F for the year ended December 31, 2015,
filed with the SEC on July 22, 2016, and other documents filed with
or furnished to the SEC. Any forward-looking statements made in
this press release speak only as of the date hereof. Factors or
events that could cause Cnova's actual results to differ from the
statements contained herein may emerge from time to time, and it is
not possible for Cnova to predict all of them. Except as required
by law, Cnova undertakes no obligation to publicly update any
forward-looking statements, whether as a result of new information,
future developments or otherwise.
Cnova Chairman of the Board
Appt
This
announcement is distributed by Nasdaq Corporate Solutions on behalf
of Nasdaq Corporate Solutions clients.
The issuer of this announcement warrants that they are solely
responsible for the content, accuracy and originality of the
information contained therein.
Source: Cnova N.V. via Globenewswire
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