L'Oréal S.A. announced that meeting on 8 February 2024, the Board of Directors, on the advice of the Nominations and Governance Committee, chose to propose Mr. Jacques Ripoll as a new independent director at the Annual General Meeting. Mr. Jacques Ripoll is a partner at Eren Groupe, which harnesses technological innovation to save natural resources. Beyond the financial acumen he has honed over the course of a career with leading banks including Société Générale, Banco Santander and Crédit Agricole, Mr. Jacques Ripoll will bring strategic vision on innovation, expertise in new climate-related technologies, and a commitment to sustainable development.

He is set to join the Audit Committee after the Annual General Meeting on 23 April 2024, further enhancing its financial and sustainability expertise. The Board also acknowledged Ms Belén Garijo's decision to step down as director due to professional commitments, effective after the Annual General Meeting on 23 April 2024, two years before the end of her current term. The Board expressed deepest thanks to Ms Garijo for her substantial contributions to the work of the Board and the Human Resources and Remuneration Committee during her ten-year tenure.

In February, L'Oréal announced the appointment of Ezgi Barcenas as Chief Corporate Responsibility Officer to continue the Group?s environmental and societal transformation. She succeeds Alexandra Palt who will be leaving her responsibilities on April 1, 2024, having established, and anchored the foundations of this transformation during her 12 years with the Group. Alexandra Palt remains CEO and administrator of the L?Oreal Foundation.