(Boursier.com) — Publicis announces that it will submit to shareholders at the General Meeting of May 29, 2024 a change to the company’s statutes.
Concerned about perpetuating the current success as well as the managerial teams who achieved it, and as his mandate expires at the 2025 General Meeting of Shareholders, Maurice Lévy, Chairman of the Supervisory Board, submitted to the authorities of the Group the return of the company to the form of a Limited Company with a Board of Directors.
At the end of a long and rigorous process, the Supervisory Board unanimously approved the transformation of the company’s legal structure, which will be submitted to the vote of shareholders at the next General Meeting on May 29, 2024.
In this new structure, Arthur Sadoun, currently Chairman of the Management Board, would become Chairman and CEO of the Board of Directors. This appointment would be accompanied by the creation of the position of lead director and the strengthening of board committees, as part of harmonious and balanced governance, in accordance with AFEP-MEDEF recommendations.
Quoting…
Maurice Lévy, Chairman of the Supervisory Board, would be named Honorary Chairman, so that the group can continue to benefit from his market knowledge, experience and energy. In addition to being invited to attend meetings of the board of directors, Maurice Lévy would chair a mixed group of administrators and managers, responsible for discussions on innovation and foresight.
These changes would make it possible to continue the tandem formed by Maurice Lévy and Arthur Sadoun which, over the last seven years, has contributed to making Publicis the leading stock market in its sector.
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