(Boursier.com) — The Board of Directors of Worldline met yesterday and, on the recommendation of the Nominations Committee, decided to co-opt Wilfried Verstraete as independent director, replacing Bernard Bourigeaud. The candidacy of Wilfried Verstraete as future President will then be proposed to the Board of Directors following the General Meeting of June 13, 2024. “In order to be associated without delay with the major challenges of the Company”, Wilfried Verstraete joins from now on the Strategic and Investment Committee of the Board as well as the Appointments Committee leading the development work of the Board.
The appointment of Wilfried Verstraete reflects “the Board’s desire to appoint a personality with leading management experience in France and internationally, capable of leading profound transformations in complex industries, and recognized for his skills in financial services”. At the head of Euler Hermes for nearly twelve years, Wilfried Verstraete succeeded in bringing about the in-depth transformation of the group, from a traditional, century-old credit insurer into a global fintech leader, focused on data management and digital solutions. cutting-edge, close to its customers.
The Board asked Mr. Georges Pauget, interim Chairman of the Board of Directors since December 14, 2023, to continue to serve as Chairman until the election of Wilfried Verstraete as Chairman.
The Council is committed to continuing the policy of reducing the number of its members implemented from 2022 and confirms its desire for profound renewal. It therefore decided that at the end of the next General Meeting, its composition would be reduced from 15 to 12 directors – in addition to the two employee directors, whose appointment follows specific rules. The Council will lead this reduction by strengthening its international diversity and the variety of expertise represented. To do this, it will replace some of its current members and will welcome new independent directors whose recruitment is currently underway, and which it intends to finalize by the end of April 2024.
Finally, the Board of Directors decided that among the 12 directors, a non-independent director may be appointed on a proposal from the Crédit Agricole group. This decision takes into account the significant participation of the banking group in the capital and its commitment to a strategic and long-term partnership with the Company, through the creation of the joint venture in merchant services in France announced on 20 March. The Board of Directors will communicate in detail on its new composition, once it is fully finalized, by the end of April.
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