Brief: Latecoere Will Award Severance Package To CEO Yannick Assouad For EUR 1.3 Mln

Latecoere SA

18/03/2020 08:57

March 18 (Reuters) - LATECOERE SA  LAEP.PA :
    * FINANCIAL TERMS IN CONNECTION WITH CEO DEPARTURE
    * MRS. YANNICK ASSOUAD FIXED COMPENSATION OF 550.000 EUR
WOULD BE
PAID PRO RATA TEMPORIS UNTIL DATE OF TERMINATION OF HER DUTIES
    * ALL OTHER BENEFIT IN KIND GRANTED TO MRS. YANNICK ASSOUAD
WILL
BE TERMINATED IMMEDIATELY
    * BOARD OF DIRECTORS DECIDED TO AWARD SEVERANCE PACKAGE TO
MRS.
YANNICK ASSOUAD FOR TOTAL AMOUNT OF EUR 1,331,406.44

Source text for Eikon:  ID:nBw4CySQba 
Further company coverage:  LAEP.PA 

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