Given the implementation of solid governance in recent years, PAREF’s Board of Directors approved the corporate governance report for the 2021 financial year, which consolidates the group’s capacities:
On February 17, 2022, the Board of Directors accepted the resignation of Mr. Mingtao Liu from his position as Chairman of the Board of Directors, given the extent of his responsibilities within the Fosun group. Mr. Mingtao Liu remains however a director of PAREF until the end of his term of office expiring at the ordinary general meeting of 2025.
The Board of Directors has decided unanimously to henceforth favor a unity of the functions of Chief Executive Officer and Chairman, considering this new mode of exercise likely to reinforce the responsiveness and the effectiveness of the strategic management of PAREF. Thus, Mr. Antoine Castro, Chief Executive Officer since July 2017, was appointed as Chairman.
The Chairman and Chief Executive Officer will be able to continue to rely on the 8 directors – 3 of whom are independent – and the 3 committees that emanate from them, which will shed light on decisions in terms of investment, audit and appointments & compensation.
The Board of Directors would like to express its gratitude to Mr. Liu for his contribution to the good management and governance of the group, under his Chairmanship.
“I am honored by the confidence that the Board of Directors has shown in me by appointing me Chairman and I am delighted to continue the mission carried out by my predecessor. I will endeavor to carry out this function with commitment in order to enable the group to meet the challenges it faces and to support it in achieving its growth ambitions. »
declares Mr. Antoine Castro
Ms. Michaela Robert, Independent Director and Chairman of the Appointments and Remuneration Committee adds:
“The balances found by the Board of Directors are excellent, and allow PAREF to seize great opportunities in the current situation which requires agility and speed of movement and execution. We look forward to working even more closely with Antoine Castro in his new role as Group Chairman. »
IX – Financial calendar
April 28, 2022: Financial information as of March 31, 2022
May 19, 2022: Combined General Meeting
About PAREF Group
PAREF is developing in two complementary business sectors: (i) investment through the real estate company SIIC PAREF, mainly in business real estate in the Paris region (€0.2 billion in assets as of December 31, 2021) and (ii ) management on behalf of third parties through PAREF Gestion (€1.8 billion in funds managed as of December 31, 2021), a management company approved by the AMF, and PAREF Investment Management (€0.7 billion as of December 31, 2021)
PAREF is an SIIC real estate company, listed on compartment C of Euronext Paris – FR0010263202 – PAR
Press contacts
PAREF Group
Raphaelle Chevignard
01 40 29 86 86
[email protected]
Citigate Dewe Rogerson
Tom Ruvira
07 60 90 89 18
[email protected]
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