Daniel Valot has resigned from his seat on the Board for health reasons
Valérie Landon provisionally appointed as Director
Daniel Valot, independent Director and Chairman of the Audit, Accounts and Risks Committee, has informed the Board of Directors of his decision to resign from his seat on the Board for health reasons.
Jacques Pétry, Chairman and Chief Executive Officer, said: "Speaking personally and on behalf of the Board of Directors, I would like to extend my heartfelt thanks to Daniel Valot for his remarkable contribution to the work of the Board. His keen intelligence and critical spirit will be much missed".
The Board of Directors has asked Michel Bleitrach, Deputy Chairman of the Board of Directors and Lead Independent Director, to chair the Audit, Accounts and Risks Committee.
Furthermore, the Board of Directors has provisionally appointed Valérie Landon as an independent Director. The shareholders will be asked to ratify this appointment at the General Meeting to be held on 24 May 2016.
Valérie Landon, 53, graduated from École Centrale de Paris, and has been Vice-Chairman, Investment Banking & Capital Markets of Credit Suisse in Europe since 2015. She joined Credit Suisse in 1990 as an Investment Banker. After having worked mainly in Paris and Tokyo, she became Managing Director in 2000 and, in 2003, Co-Head and then Head of Investment Banking France, Belgium and Luxembourg. Valérie Landon has strong experience in investment banking and an excellent knowledge of the energy and industry sectors, having advised leading clients on numerous strategic and financial transactions.
Jean-Carlos Angulo will now chair the Commitments Committee. Michèle Remillieux and Marie-Claire Daveu will continue to chair the Nomination and Remuneration Committee and the Corporate Social Responsibility Committee, respectively.
Next on the agenda: revenue for the first quarter of the 2016 financial year, on 27 April 2016 (before trading).
About Albioma
Albioma is an independent energy producer and world leader in the conversion of biomass into a highly-effective source of energy, in collaboration with its agri-business partners. For more than 20 years, Albioma has operated power plants recovering bagasse, a fibrous by-product of sugar cane, replaced by coal outside the sugar cane harvest. Its unique expertise has enabled Albioma to establish itself as an indispensable partner in the sugar and ethanol industry in the French overseas territories and Mauritius. Albioma is now developing power plants using only biomass, which recover, in addition to bagasse, green waste and wood industry residue. The Group also operates a highly-efficient photovoltaic installation and agricultural anaerobic digestion units. In 2014, the Group, which already had a presence in mainland France, the French overseas territories and Mauritius, began operating in Brazil, the world's leading sugar cane producer.
For further information, please visit www.albioma.com
Investor contacts
Julien Gauthierjulien.gauthier@albioma.com
+33 (0)1 47 76 67 00
Media contacts - LPM Strategic Communications
Luc Perinet-Marquetlperinet@lpm-corporate.com
+33 (0)1 44 50 40 35
Albioma shares are listed on Euronext Paris (sub B) and eligible for the deferred settlement service (SRD) and PEA-PME plans.
ISIN FR0000060402 - Ticker: ABIO
