Technicolor announces today that the Board of Directors will propose the appointment of 5 new Directors, including a proposed new Chair of the Board of Directors, at the General Meeting of Shareholders of June 14, 2019.
Paris (France), 15 May 2019 – Technicolor (Euronext Paris: TCH, OTCQX: TCLRY) announces today that the Board of Directors will propose the appointment of 5 new Directors, including a proposed new Chair of the Board of Directors, at the General Meeting of Shareholders of June 14, 2019. This proposal follows a thorough process of reflection over its composition and of selection of candidates that was engaged by the Board of Directors further to the changes in the Company’s business portfolio that occurred in the last few months and to the decision of its Chairman not to seek renewal of his term of office.
The new Directors which are proposed for appointment are:
The Board of Directors will also propose to the shareholders the renewal of the terms of office of Melinda J. Mount (Vice Chairman), Ana Garcia Fau and Maarten Wildschut.
Finally, Frederic Rose (CEO), Thierry Sommelet (representative of Bpifrance Participations) and Yann Debois (Employee Director) will continue to be members of the Board.
As previously announced, Bruce Hack, Chairman of the Board of Directors since February 2017, decided not to apply for the renewal of his term of office, which will expire at the close of the Shareholders’ Meeting of June 14. Laura Quatela also decided not to apply for the renewal of her term. The Board of Directors paid tribute to Bruce and Laura’s long and constant dedication to the development of Technicolor over the last few years and thanks Bruce Hack for his support in the process of governance change.
All relevant information for the 2019 Annual General Meeting is now available on our Website (here) in the notice of meeting.
Technicolor shares are on the NYSE Euronext Paris exchange (TCH) and traded in the USA on the OTCQX marketplace (OTCQX: TCLRY).
Christophe le Mignan: +33 1 88 24 32 83