ADLPartner in its Supervisory Board meeting held on April 23, 2019, decided to appoint Mr. Bertrand Laurioz as a member and Chairman of the Management Board, replacing Mr. Jean-Marie Vigneron. Taking into consideration his constraints, Mr. Bertrand Laurioz will be taking on his position legally in July 2019 and operationally from early September 2019. This decision is in line with the interim governance organization put in place since November 2018 and maintained following Mr. Jean-Marie Vigneron’s death at the end of February, with the Management Board comprising just one member since then: Mr. Olivier Riès, who is also Chief Executive Officer. In addition, a proposal will be submitted at the Company’s combined general meeting on 7 June 2019 to appoint Mr. Marc Vigneron (Jean-Marie Vigneron’s older son) and Mrs. Isabelle Laurioz (replacing Bertrand Laurioz) as new members of the Supervisory Board.