Changes in the membership of the Board of Directors
The Legrand Board of Directors has decided, at the proposal of the nominating and Compensation Committee, to submit to the General Meeting of Shareholders on May 26, 2011 a proposal for the appointment of a new independent director, Ms. Eliane Rouyer-Chevalier.
In addition, with the decline in the equity interests of Legrand's two main shareholders, and as announced in the joint statement issued by KK and Wendel on March 4, 2011, the number of directors representing them on the Board will be reduced from three to two each. In keeping with this, Mr. Ernest-Antoine Seillière, a director representing Wendel, and Mr. Edward Gilhuly, a director representing KK, have informed Legrand of their decision to step down from their positions on the Board at the close of the General Meeting on May 26, 2011.
Eliane Rouyer-Chevalier, who holds a master's degree in economics from the University of Paris II Assas, joined Accor in 1983, taking responsibility for international financing and cash currency management before becoming Director of Investor relations and Financial Communication in 1992. In 2010, she joined the Executive Committee of Edenred, a company created when the Accor Group was split up, as Vice President, Corporate and Financial Communications & Social Responsibility.
She has presided the French Association for Investor relations (CLIFF) since 2004 and the Observatoire de la Communication Financière since 2005.