REXEL: MARCUS ALEXANDERSON CO-OPTED TO THE BOARD OF DIRECTORS
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MARCUS ALEXANDERSON CO-OPTED TO THE BOARD OF DIRECTORS
During its meeting on May 15, 2017, Rexel's Board of Directors, acting on the recommendation of the Nomination and Compensation Committee, unanimously decided to co-opt Marcus Alexanderson as a member of the Board of Directors with immediate effect.
Marcus Alexanderson is a partner of Cevian Capital whose total stake in Rexel (including entities managed by Cevian Capital Partners Limited) amounts to 14.83%.
He replaces Pier Luigi Sigismondi, who resigned from the Board of Directors on December 31, 2016 following his professional relocation to Singapore. The Board has determined that Marcus Alexanderson should be considered non-independent.
Rexel's Board of Directors now counts nine members, of which 89% are independent and 44% are women, in line with the Copé-Zimmerman law:
- Ian Meakins, Chairman of the Board,
- François Henrot, Deputy Chairman of the Board, Senior Independent Director and Chairman of the Nomination and Compensation Committee,
- Marcus Alexanderson,
- Thomas Farrell,
- Fritz Froehlich, Chairman of the Audit and Risk Committee,
- Elen Phillips,
- Maria Richter,
- Agnès Touraine,
- Herna Verhagen.
Biography
Marcus Alexanderson is a partner of Cevian Capital, Europe's largest dedicated active ownership investment firm, which he joined at its founding in 2002. He began his career as a financial analyst (2000-2001) at AB Custos, a Swedish investment firm.
Marcus Alexanderson holds a Master of Science in Economics and Business Administration from the Stockholm School of Economics. He is a Swedish citizen and is based in Stockholm.
About Rexel Group
Rexel, a leader in the professional distribution of products and services for the energy world, addresses three main markets - residential, commercial and industrial. The Group supports its customers to be at their best in running their business, by providing a broad range of sustainable and innovative products, services and solutions in the field of technical supply, automation and energy management. Rexel operates through a network of some 2,000 branches in 32 countries, with more than 27,000 employees. The Group's sales were €13.2 billion in 2016.
Rexel is listed on the Eurolist market of Euronext Paris (compartment A, ticker RXL, ISIN code FR0010451203). It is included in the following indices: SBF 120, CAC Mid 100, CAC AllTrade, CAC AllShares, FTSE EuroMid, STOXX600. Rexel is also part of the following SRI indices: FTSE4Good, STOXX® (STOXX® Global ESG Impact, STOXX® Low Carbon indices Global, Europe et EURO), Ethibel Sustainability Index Excellence Europe and Dow Jones Sustainability Index Europe, in recognition of its performance in corporate social responsibility (CSR). For more information, visit Rexel's web site at www.rexel.com
CONTACTS
FINANCIAL ANALYSTS / INVESTORS
| Marc MAILLET | +33 1 42 85 76 12 | [email protected] |
| Florence MEILHAC | +33 1 42 85 57 61 | [email protected] |
PRESS
| Elsa LAVERSANNE | +33 1 42 85 58 08 | [email protected] |
| Brunswick: Thomas KAMM | +33 1 53 96 83 92 | [email protected] |
The issuer of this announcement warrants that they are solely responsible for the content, accuracy and originality of the information contained therein.
Source: REXEL via Globenewswire
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