The meeting of the Laurent-Perrier Supervisory Board held on 11 July 2017 noted the resignation for personal reasons of Mr. Bernard de La Giraudiere from his position as member of the Supervisory Board. Furthermore, the Laurent-Perrier General Shareholders Meeting held on 12 July 2017, appointed Ms. Jocelyne Vassoille as a member of the Supervisory Board. The appointment will strengthen the Board, bringing experience in human resources, in particular within the international luxury industry, along with her expertise in corporate organisation and strategy. Jocelyne Vassoille trained as a Civil Aviation engineer and started out as an airline pilot. In late 2013, on the strength of this extensive experience in human resources management, Jocelyne Vassoille joined Vivarte (Minelli, Andre, San Marina, Caroll, Naf-Naf, Chevignon, etc.) as Group Head of Human Resources and a member of the Executive Committee. Since 2016, Jocelyne Vassoille has held the position of Director of Human Resources of L'Oreal's Research & Innovation Division. Michel Fauconnet will continue to provide the Group and the Management Board (henceforth composed of Stephane Dalyac, Chairman, and Alexandra Pereyre and Stephanie Meneux Chief Executive Officers and majority shareholders) with the benefit of his advice, experience and skills.