Annual Shareholders’ Meeting of May 10, 2007 - Renewal of Directors’ term of office
Paris, May 10, 2007 - The Annual Shareholders' Meeting of Nexans, held on May 10, 2007, and presided by Gérard Hauser, Chairman and CEO, approved the payment of a dividend of 1.20 euro per share to be paid on May 15, 2007, which represents an increase of 20% of the dividend paid last year.
The proposed resolutions submitted for vote at the meeting were approved, except for resolutions 22 and 24 relating respectively to the allocation of free shares to employees and officers of the company and the amendment of the articles of association to ensure that the manner in which voting rights may be exercised complies with the law of March 31, 2007, relating to take-over bids.
Amongst the resolutions which were approved at this meeting, the shareholders approved the renewal of the terms of office of Gianpaolo Caccini, Jean-Marie Chevalier, Georges Chodron de Courcel, Jacques Garaïalde and Ervin Rosenberg as Directors for 4 years.
The meeting also approved the appointment of 3 new directors*, Jérôme Gallot, Jean-Louis Gerondeau and Nicolas de Tavernost, as Directors for a 4 year term.
After serving as the Auditor at the French Court of Accounts for 3 years, he joined the Secretary General of the Inter-Ministry Committee for issues regarding the Organization for European Economic Cooperation (1989 to 1992), then the Budget Department. He was successively Cabinet Director of the Ministries of Industry, Post and Telecommunications, Foreign Trade, and Public Services, then became Deputy Finance Minister (1993 to 1997). He was appointed Director General of the Department of Competition, Consumer Affairs and Repression of Fraud within the French Ministry of the Economy, Finance, and Industry (1997 to 2003) before becoming Vice President and Member of the Executive Committee of Caisse des Dépôts and Consignations. He was appointed Chairman of CDC Entreprises in 2006.
He began his career in 1965 with the Department of International and Economic Affairs within the French Ministry of Equipment, where he worked for 5 years. He joined McKinsey in 1970, then became the Chief Executive Officer of Zodiac in 1974. He was appointed Chairman of the Zodiac Management Board in 1980.
Nicolas de Tavernost
First of all employed by the French Ministry of International Commerce (1974) then appointed General Secretary of the French Chamber of Commerce in Zurich (1976), he joined the cabinet of the Secretary of State of Post and Telecommunications in 1977 where he was posted in 1981 to the Telecommunications Department and then to the public services Division of the Video Communications Department. He joined Lyonnaise des Eaux in 1986 as Director of the Audiovisual business. He has been Managing Director of M6 since its creation in 1987, and was made Chairman of the M6 Group in 2000.
2007 Financial Calendar
- 15 May 2007: payment of the dividend
- 25 July 2007: publication of the 2007 first-half results and sales
With energy as the basis of its development, Nexans, the worldwide leader in the cable industry, offers an extensive range of cables and cabling systems. The Group is a global player in the infrastructure, industry and building markets. Nexans addresses a series of market segments from energy, transport and telecom networks to shipbuilding, oil and gas, nuclear, automotive, electronics, aeronautics, handling and automation. With an industrial presence in more than 30 countries and commercial activities worldwide, Nexans employs 21,000 people and had sales in 2006 of 7.5 billion euros. Nexans is listed on the Paris stock exchange, compartment A of the Eurolist of Euronext. More information on www.nexans.com