PLASTIC OMNIUM (EPA:POM) - Laurent Burelle succeeds to Jean Burelle as Chairman and Chief Executive Officer of Burelle SA

Transparency directive : regulatory news

19/12/2018 18:00

Levallois, December 19, 2018

   Laurent Burelle succeeds to Jean Burelle as Chairman and Chief Executive
                            Officer of Burelle SA

In its meeting today, the Board of Directors of Burelle SA, the holding company
leading and controlling the Burelle Group, accepted Jean Burelle's resignation
from his position as Chairman and Chief Executive Officer under the provisions
contained in the bylaws relating to the age limit. The Board unanimously
decided to appoint Laurent Burelle as Chairman and Chief Executive Officer of
Burelle SA, effective January 1st, 2019. Laurent Burelle retains his positions
as Chairman and Chief Executive Officer of Compagnie Plastic Omnium, Burelle
SA's main subsidiary.

The Board of Directors thanked Jean Burelle for his decisive contribution to
the Group's development over more than 50 years, and in particular to the
internationalization of Compagnie Plastic Omnium, a capital movement that
enabled a French company to become the world leader in its activities, while
retaining control by the founding family.

In passing on the chairmanship of Burelle SA to Laurent Burelle, Jean Burelle
continues the family tradition, having himself succeeding to Pierre Burelle,
the Group's founder, as Chairman and CEO of Compagnie Plastic Omnium in 1987,
and then as Chairman and CEO of Burelle SA in 2001. From 1987 to 2001,
Compagnie Plastic Omnium's expansion was important, increasing from EUR172
million in revenue and 2,000 employees to EUR1.6 billion in revenue and 9,000
employees in 2001.

Underlining the pertinence of Jean Burelle's strategic vision, and in light of
these circumstances, the Board of Directors has decided, with the favorable
opinion of the Compensation Committee, to award exceptional compensation to
Jean Burelle in respect of the positions he held, based on his compensation for
the year 2018. The amount of this exceptional compensation will be set by the
Board of Directors in March 2019, and will then be submitted for a vote to the
Shareholders' Meeting.

The Board of Directors also applauded the decision to continue the family
control by welcoming Laurent Burelle as Chairman and Chief Executive Officer of
Burelle SA. Laurent Burelle, who joined the Plastic Omnium Group in 1975,
became the Group's Chief Executive Officer in 1987, and then Chairman and Chief
Executive Officer in 2001.

Under his chairmanship, Compagnie Plastic Omnium continued its development to
reach revenue of nearly EUR9 billion in 2018, pursuing internationalization
that now stretches globally across all continents: Europe, North and South
America, Asia, and China in particular. Today, the Group is the 26th largest
automotive supplier in the world, present in 26 countries, with 122 plants and
24 R&D centers, developing and delivering complex systems for 83 automotive
brands.

Governance of Burelle SA's two other wholly-owned subsidiaries remains
unchanged:
- Jean Burelle retains his position as Chairman of the private equity firm
  Burelle Participations;
- Laurent Burelle continues as Chairman of Sofiparc, a real estate company that
  manages the Group's non-industrial real estate assets.

The development of Burelle SA and its subsidiaries, Compagnie Plastic Omnium,
Burelle Participations and Sofiparc, accordingly remains underpinned by the
same majority family commitment and continues with renewed confidence in the
future, driven by the ability of the Group's 31,000 employees to meet
tomorrow's challenges while remaining faithful to the values on which its
success has been founded.

Burelle SA -
Senior management: 1, allée Pierre Burelle - 92300 Levallois Perret
Compagnie Plastic Omnium - Senior management: 1, allée Pierre Burelle -
92300 Levallois Perret

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PLASTIC OMNIUM (EPA:POM) - Laurent Burelle succeeds to Jean Burelle as Chairman and Chief Executive Officer of Burelle SA

Transparency directive : regulatory news

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