EDENRED (EPA:EDEN) - Edenred - Appointments and renewals to Edenred’s Board of Directors to be proposed at the General Meeting on May 11, 2021

Transparency directive : regulatory news

29/03/2021 18:16

Press release
March 29, 2021

Appointments and renewals to Edenred's Board of Directors to be proposed at the
General Meeting on May 11, 2021

On the recommendation of the Compensation and Appointments Committee, Edenred's
Board of Directors has approved the list of directors for appointment and
renewal to be put to the Company's General Meeting, that will be held on May
11, 2021.

At the Meeting, shareholders will be asked to approve the renewal of Sylvia
Coutinho and Françoise Gri for further four-year terms, and to approve the
appointment of Angeles Garcia- Poveda, Monica Mondardini and Philippe Vallée
as directors, also for four-year terms.

The candidates were selected on the basis of individual experience, skills, and
expertise, as per the criteria, defined by the Compensation and Appointments
Committee and by the Board of Directors. The Board also sought to maintain
balanced membership, both in terms of gender and international experience.

Françoise Gri, an independent director since 2010, Lead Independent Director,
Vice-Chairman of the Board of Directors, and Chairman of the Compensation and
Appointments Committee, will be put forward for renewal. A French national,
Françoise Gri brings to the Board her expertise in B2B2C relations, digital
technology, management and strategy. Thanks to her experience as a member of
the Board of Directors, and to her role as Vice-Chairman, she can appreciate
the Group's various challenges, while leveraging on her good knowledge of the
Company's shareholder base.

Sylvia Coutinho, an independent director since 2016 and a member of the
Compensation and Appointments Committee, will be put forward for renewal. A
Brazilian national, Sylvia Coutinho provides the Board with the benefit of her
expertise in finance and corporate social responsibility. Sylvia Coutinho has
good knowledge of asset management, which is useful for the Group given its
structurally negative working capital. Sylvia Coutinho also brings her
international experience to the Board, and her in-depth knowledge of the
Brazilian market - a key region for the Group.

Angeles Garcia-Poveda will be put forward for appointment as an independent
director. A Spanish national, Angeles Garcia Poveda has developed expertise in
strategy and talent management, notably while working at BCG (1993-2008), and
in human capital, governance advisory, and management at Spencer Stuart (since
2008), where she led the EMEA region. She also has experience in governance of
a listed company as both Chairman of the Board of Directors and member of the
Strategy and Social Responsibility Committee of Legrand.

Monica Mondardini will be put forward for appointment as an independent
director. An Italian national, Monica Mondardini has held several international
management positions within the publishing (Hachette) and insurance (Generali)
; sectors, which have witnessed fast-paced digitalization. She also has
experience in corporate governance as Deputy Director of GEDI Gruppo Editoriale
(2009-2018), director of CIR S.p.A., a major industrial holding company listed
on the Milan stock exchange, and director of Crédit Agricole (2010-2021),
where she chairs the Appointments and Governance Committee.

Philippe Vallée will be put forward for appointment as an independent
director. A French national, Philippe Vallée has acquired recognized expertise
in international management, digital technology, payment systems and IT
security throughout his career, which began at Matra. He subsequently held
different positions at Gemplus and then at Gemalto from 2006, where he was
Chief Executive Officer between 2016 and 2019. Philippe Vallée is currently
Executive Vice-President, Digital Identity and Security at Thales.

Furthermore, the term of office of Anne Bouverot, an independent director since
2010 and a member of the Commitments Committee, will expire at the General
Meeting of May 11, 2021. Anne Bouverot has informed the Board of Directors of
her wish not to stand for renewal. The Board therefore extends its warmest
thanks to Ms. Bouverot for her dedication and her contribution to the work of
the Board and the Commitments Committee, of which she was a member since
2010.

If these resolutions are adopted, the Board of Directors will have 14 members,
of which two employee-representative directors. It will include five women
appointed by the General Meeting (representing 41.6% of its
shareholder-appointed members) and the proportion of independent directors will
be more than 91% (11/12) based on the calculation method in the AFEP-MEDEF
Code, which excludes employee-representative directors.

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Edenred is a leading digital platform for services and payments and the
everyday companion for people at work, connecting over 50 million users and 2
million partner merchants in 46 countries via more than 850,000 corporate
clients.

Edenred offers specific-purpose payment solutions for food (such as meal
benefits), mobility (such as multi-energy, maintenance, toll, parking and
commuter solutions), incentives (such as gift cards, employee engagement
platforms) and corporate payments (such as virtual cards). These solutions
enhance user's well-being and purchasing power, improve companies'
attractiveness and efficiency, and vitalize the employment market and the local
economy. They also foster access to healthier food, more environmentally
friendly products and softer mobility.

Edenred's 10,000 employees are committed to making the world of work a
connected ecosystem that is safer, more efficient and more user-friendly every
day.

In 2020, thanks to its global technology assets, the Group managed close to
EUR30 billion in business volume, primarily carried out via mobile
applications, online platforms and cards.

Edenred is listed on the Euronext Paris stock exchange and included in the
following indices: CAC Next 20, FTSE4Good and MSCI Europe.

The logos and other trademarks mentioned and featured in this press release are
registered trademarks of Edenred S.A., its subsidiaries or third parties. They
may not be used for commercial purposes without prior written consent from
their owners.

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CONTACTS

Communications Department

Emmanuelle Châtelain
+33 (0)1 86 67 24 36
emmanuelle.chatelain@edenred.com

Media Relations

Matthieu Santalucia
+33 (0)1 86 67 22 63
matthieu.santalucia@edenred.com

Investor Relations

Cédric Appert
+33 (0)1 86 67 24 99
cedric.appert@edenred.com

Loïc Da Silva
+33 (0)1 86 67 20 67
loic.dasilva@edenred.com

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EDENRED (EPA:EDEN) - Edenred - Appointments and renewals to Edenred’s Board of Directors to be proposed at the General Meeting on May 11, 2021

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