Brief: Elior Board Appoints Daniel Derichebourg As Chairman And CEO

Elior SA

18/04/2023 15:13

April 18 (Reuters) - Elior Group SA  ELIOR.PA :
    * ELIOR GROUP CREATES A NEW GLOBAL LEADER IN CONTRACT
CATERING AND
MULTISERVICES
    * ELIOR BECOMES TODAY A NEW GLOBAL LEADER IN CONTRACT
CATERING AND
MULTISERVICES WITH APPROXIMATELY 134,000 EMPLOYEES.
    * THE COMBINED SHAREHOLDERS’ MEETING HELD TODAY APPROVED THE
ACQUISITION OF DERICHEBOURG MULTISERVICES BY MORE THAN 99%.
    * THIS ACQUISITION STRENGTHENS THE STRATEGIC AND FINANCIAL
POSITION OF ELIOR GROUP:  ­ DEBT DELEVERAGING FROM 8.3X TO 6.2X
ON A PRO FORMA BASIS AT THE END OF SEPTEMBER 2022;
    * THIS ACQUISITION STRENGTHENS THE STRATEGIC AND FINANCIAL
POSITION OF ELIOR GROUP:  ­AT LEAST €30 MILLION IN ANNUAL
RECURRING EBITDA SYNERGIES BY 2026.
    * THE BOARD OF DIRECTORS, WHICH MET FOLLOWING THE
SHAREHOLDER
MEETING, APPOINTED DANIEL DERICHEBOURG AS CHAIRMAN AND CEO OF
ELIOR GROUP, REPLACING BERNARD GAULT.
    * DANIEL DERICHEBOURG HAS APPOINTED DIDIER GRANDPRÉ AS CHIEF
FINANCIAL OFFICER OF ELIOR GROUP AND MEMBER OF ITS EXECUTIVE
COMMITTEE, REPLACING ESTHER GAIDE WHO DECIDED TO LEAVE THE GROUP
TO FOCUS ON NON-EXECUTIVE POSITIONS.
    * APPROVED ELIOR GROUP'S NEW GOVERNANCE STRUCTURE
    * WITHIN THE SCOPE OF THE EXTRAORDINARY GENERAL MEETING,
SHAREHOLDERS EXPRESSED BROAD SUPPORT FOR ALL THE RESOLUTIONS
PROPOSED BY ELIOR GROUP'S BOARD OF DIRECTORS TO APPROVE THE
ACQUISITION OF DERICHEBOURG MULTISERVICES
    * WITHIN SCOPE OF ORDINARY GENERAL MEETING, SHAREHOLDERS
ALSO
APPROVED ALL RESOLUTIONS PROPOSED BY ELIOR GROUP'S BOARD OF
DIRECTORS TO RENEW THE GROUP'S GOVERNANCE

Source text for Eikon:  ID:nBw8lFRJva 
Further company coverage:  ELIOR.PA 

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