Wendel announced changes in the composition of Wendel's Supervisory Board: Nicolas ver Hulst to be appointed Chairman of the Supervisory Board and Gervais Pellissier to be appointed Vice-Chairman of the Supervisory Board at the close of the May 17, 2018 Annual Shareholders' Meeting. During the Supervisory Board meeting of March 21, 2018, François de Wendel announced his intention to step down from his position as Chairman of the Supervisory Board at the close of the May 17, 2018 Annual Shareholders' Meeting. François de Wendel will remain a member of the Supervisory Board for the rest of his term, which will end with the close of the Annual Shareholders' Meeting to be held in 2020.