CNOVA N.V. Management and Board of Directors Changes

CNOVA N.V.
Management and Board of Directors Changes

Amsterdam - November 8 2017, 07:45 CET - Cnova N.V. (Euronext Paris: CNV; ISIN: NL0010949392) ("Cnova" or the "Company") today announces the appointment of Mrs. Amandine Lezy as Chief Financial Officer of Cnova and Cdiscount.

Mrs. Lezy will be replacing Mr. Stéphane Brunel on November 27, 2017. Mr. Brunel, who is currently Chief Financial Officer of Cnova and Cdiscount, will be returning to Groupe Casino, the Company's controlling shareholder, to head its Partnerships Department under the Deputy CEO in charge of Operations. Mr. Brunel will remain Chairman of Banque du Groupe Casino.

Mrs. Lezy has been with Groupe Casino since 2009 in various roles, most recently holding the functions of deputy director of Corporate Finance and Cdiscount Director of Partnerships. Prior to joining Groupe Casino, she worked at UBS's Investment Banking department in London. Mrs. Lezy graduated from the Hautes Études Commerciales (HEC) in 2003 and also holds a BA in Economy from Pierre Mendès-France University.

The Company also announces the appointment of Mr. Jean-Yves Haagen as a non-executive director effective today. Mr. Haagen is appointed with a term lasting until the Company's next general meeting of shareholders and replaces Mr. Yves Desjacques, who has resigned from the Company's Board pursuant to his departure from Groupe Casino. The Company's Chairman and entire board thank Mr. Desjacques for his contributions to the board's works, deeds and deliberations.

Mr. Haagen, Groupe Casino's general counsel since September 2014, is a graduate of the Institut d'Etudes Politiques de Paris and the Centre Européen Universitaire of Nancy where he completed Master's degrees in both European Community Law and Advanced European Studies. He also holds a Bachelor of Laws degree from the University of Nancy. He has been an in-house counsel for almost 30 years and has held various legal and executive positions in France and overseas in the industry/engineering sector (Areva and Thales) and more recently in the international soft commodities trading sector (Louis Dreyfus Commodities BV).

The Company and its Board of Directors thank Mr. Brunel for his dedication to the Company and his vital role in its development. They also congratulate Mrs. Lezy and Mr. Haagen on their appointments.

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About Cnova N.V.

Cnova N.V., one of the leading e-Commerce companies in France, serves 8.6 million active customers via its state-of-the-art website, Cdiscount. Cnova N.V.'s product offering of more than 30 million items provides its clients with a wide variety of very competitively priced goods, several fast and customer-convenient delivery options as well as practical payment solutions. Cnova N.V. is part of Casino Group, 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.

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