Cnova EGM & governance changes
January 12 2023 - 12:16PM
Cnova EGM & governance changes
CNOVA N.V.Changes to the
Board of Directors andConvocation
of Extraordinary Shareholders Meeting
AMSTERDAM – January 12, 2023, 18:15 CET Cnova
N.V. (Euronext Paris: CNV; ISIN: NL0010949392) (“Cnova” or the
“Company”) today announces changes to its Board of Directors and
the convocation of an Extraordinary Shareholders Meeting.
Cnova announces the following changes to the
composition of its Board of Directors:
-
Mr. Emmanuel Grenier, 51 years old, in his
capacity as member of the COMEX of Casino Group, has been appointed
Executive Director of Casino Group e-commerce. As a result, he will
no longer serve as Cnova CEO and Executive Director as of January
16, 2023. Subject to approval of our shareholders meeting, he will,
on the other hand, remain on the Board as a Non-Executive Director
and chair the Cnova strategic committee.
Mr. Thomas Metivier, 35 years
old, Engineer of France’s Corps des Mines, is appointed to replace
Mr. Grenier as Cnova Executive Director and CEO, effective January
16, 2023. He has also been appointed CEO of Cdiscount.
Emmanuel Grenier will accompany the new
management until February 20, 2023, before taking on his new
functions.
Mr. Metivier has been actively involved in the
development and implementation of strategic projects at Cnova. He
has most recently served as CEO of Octopia, Cdiscount’s B2B
subsidiary dedicated to the marketing of marketplace solutions that
he successfully launched two years ago.
After a first experience at the Aquitaine
DIRECCTE, Mr. Métivier joined Cdiscount in 2016, at the Department
of Strategy. In 2018, he was appointed Head of Marketplace and
Strategy and joined Cdiscount's Executive committee. Mr.
Métivier is a graduate of the Ecole Polytechnique and is an
engineer of France’s Corps des Mines.
Emmanuel Grenier managed Cnova and Cdiscount for
15 years, during which the GMV was multiplied by more than 4.
For the past 2 years, several major projects
have been at the heart of the Company's strategic development:
marketplace, retail media, B2B, and strengthening of the business
model. The change announced today marks a new stage in the
Company’s development, made possible by the acceleration of actions
taken on these strategic priorities.
-
Mr. Guillaume Michaloux has been appointed as Non-Executive
Director on the date hereof. He will be taking the place of Mr.
Ronaldo Iabrudi dos Santos Pereira who resigned on January 12,
2023.
Guillaume Michaloux has been Director of
Strategy and M&A LatAm at Casino Group since 2019. He is based
in São Paolo. He is also Member of the Board of Directors of Group
Éxito (Colombia). Previously, he was in charge, from 2016 to 2019,
of Casino Group’s strategic planning process. Prior to joining
Casino, he worked for 6 years for the French Finance Ministry,
where he held various positions in the Budget Department. Mr.
Michaloux holds a master’s degree in Public Affairs from Sciences
Po Paris and a master’s degree in Management from ESCP Europe
Business School (Paris).
-
Mr. Eleazar de Carvalho Filho has been appointed as the Board’s
Vice-Chairman. He will also succeed Mr. Iabrudi on the Company’s
Nomination and Remuneration Committee.
The Board is delighted that Mr. Grenier has
agreed to stay on as a Non-Executive Board member, subject to
appointment by the Company’s next shareholders’ meeting, ensuring
that the Group will continue to benefit from the numerous
contributions made by Mr. Grenier during his tenure as CEO.
The Board also wishes to thank Mr. Iabrudi for
his services to the Board, as Non-Executive Director and
Vice-Chairman, since the creation of Cnova NV in 2014.
Cnova also today published the notice for an
Extraordinary General Meeting of Shareholders (the “EGM”) on its
website at www.cnova.com. The EGM is to be held on Wednesday March
1, 2023, at 14:00 CET, at Hilton Amsterdam Airport Schiphol Hotel
located at Schiphol Boulevard 701, 1118BN, in Schiphol, the
Netherlands. As explained in the notice and the explanatory notes
relating to the EGM, the agenda for the EGM, as proposed by the
Company's Board of Directors (the "Board"), is as follows:
- Opening of the
EGM
- Appointment of
Mr. Thomas Metivier as Executive Director (voting item)
- Appointment of
Mr. Emmanuel Olivier Grenier as Non-Executive Director (voting
item)
- Appointment of
Mr. Guillaume Michaloux as Non-Executive Director (voting
item)
- Questions
- Closing of the
EGM
The EGM notice and agenda, the explanatory notes
thereto as well as the proxy card forms are available at Cnova’s
website at www.cnova.com.
***
About Cnova
N.V.
Cnova N.V., the French ecommerce leader, serves
8.8 million active customers via its state-of-the-art website,
Cdiscount. Cnova N.V.’s product offering provides its clients with
a wide variety of very competitively priced goods, fast and
customer-convenient delivery options, practical and innovative
payment solutions as well as travel, entertainment and domestic
energy services. 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.
Cnova Investor Relations
Contact:investor@cnovagroup.comTel : +33 6 79 74 30
94 |
Media
contact:directiondelacommunication@cdiscount.comTel: +33 6
18 33 17 86cdiscount@vae-solis.comTel: +33 6 17 76 79 71 |
***
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