Saint-Gobain’s board of directors recently created the position of lead independent director.
The board also named Jean-Dominique Senard to the position, the company announced in a press release November 25. Senard has been in the position of independent director since 2012.
In the new position, Senard will oversee the running of the company’s governance bodies. His responsibilities will be described in more detail in the board’s internal regulations and in the company’s annual report.
The board also decided to appoint Senard as chairman of the Strategy and Corporate Social Responsibility Committee to replace Jean-Martin Folz, who has chaired the committee since 2013. Folz will not seek renewal of his term of office at the next Annual General Meeting, to be held June 8, 2017, due to his potential reach of the age limit provided by the Company’s by-laws.
Senard currently chairs the Audit and Risk Committee. That position will be assumed by Philippe Varin, independent director since 2013 and current chair of the Nomination, Remuneration and Governance Committee. His position will be taken over by AnneMarie Idrac, independent director since 2011.
These appointments will take effect at the close of the Annual General Meeting, subject to its approval of the renewal of the terms of office proposed on its agenda.