Following the sale by Horizon Investment Holdings of approximately 10 oercent of its stake in Verallia to Brasil Warrant Administração de Bens e Empresas S.A. (BWSA)1, Verallia’s Board of Directors acknowledged on December 17, 2020 that Claudia Scarico had resigned as member of the Board of Directors and its Audit Committee.
The Board of Directors then decided the co-option of BW Gestão de Investimentos Ltda. (BWGI), represented by João Salles, in order to replace Claudia Scarico, effective as of December 17, 2020. BWGI’s mandate will expire at the end of the General Shareholders’ Meeting to be called in 2023 to approve the financial statements of the financial year ending on December 31st, 2022. Such co-option shall be submitted to the ratification of Verallia’s General Shareholders’ Meeting to be called in 2021 to approve the financial statements of the financial year ended on December 31st, 2020.
The Board of Directors also acknowledged João Salles’ replacement by Marcia Freitas as permanent representative of BWSA, already a member of the Board of Directors.
BWGI, represented by João Salles, will replace BWSA as member of the Nomination and Compensation Committee while BWSA, represented by Marcia Freitas, will replace Claudia Scarico as a member of the Audit Committee.
Lastly, the Board of Directors acknowledged Fabrice Nottin’s resignation as observer (censeur) on the Board of Directors. This position will be filled by Claudia Scarico, for a four-year mandate.
Therefore, as of December 17, 2020, the composition of each committee of the Board of
Directors is as follows:
- Audit Committee: Marie-José Donsion (Chairwoman), José Arozamena and BWSA
(represented by Marcia Freitas); - Nomination and Compensation Committee: Cécile Tandeau de Marsac
(Chairwoman), José Arozamena, Pierre Vareille and BWGI (represented by João
Salles); - Sustainable Development Committee: Virginie Hélias (Chairwoman), Michel
Giannuzzi, Bpifrance Investissement (represented by Sébastien Moynot) and the two directors representing the employees on the Board of Directors, Dieter Müller and Sylvain Artigau.
Michel Giannuzzi, Chairman of the Board of Directors, and all other members of the Board of Directors, look forward to welcoming Marcia Freitas within the Board of Directors and the Audit Committee.