(CercleFinance.com) – Green Mobility Holding SA, a consortium made up of Volkswagen, Attestor and Pon Holdings, today announced its intention to change the governance of Europcar Mobility Group.
The current Board of Directors should be replaced by a dual structure with a Supervisory Board and a Management Board. The change in governance is subject to the approval of the Annual General Meeting on June 29, 2022.
Following the results of the initial period of the takeover bid – with 87.38% of the capital of Europcar Mobility Group tendered to the offer (corresponding to at least 87.36% of the voting rights) – the consortium will become the majority controlling shareholder of Europcar Mobility Group.
Accordingly, the consortium will propose to the Annual General Meeting of Shareholders of Europcar Mobility Group the nomination of five candidates for the newly created Supervisory Board: Imelda Labbé and Holger Peters from Volkswagen, Jan-Christoph Peters and David Alhadeff from Attestor as well as Janus Smalbraak of Pon Holdings.
The independent members of the current Board of Directors (Sylvie Veilleux, Martine Gerow and Carol Sirou) as well as the employee representative (Adèle Mofiro) will continue their mandates within the new Supervisory Board.
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