Following the selection process by the Nominating, Compensation and Governance
Committee, the Board of Directors of SUEZ decided unanimously in a meeting
today to submit Mr. Philippe Varin's nomination as Chairman to the vote of the
Shareholders Annual General Meeting on May 12. The Board of Directors of SUEZ
will nominate, subject to approval at the Annual General Meeting, Mr. Philippe
Varin as Non-Executive Chairman of the Board, replacing Mr. Jean-Louis
Chaussade whose term as Chairman of the Board of Directors will end at the
conclusion of the May 12, 2020, Annual General Meeting. The Board will submit
to the Annual General Meeting an amendment of the company's statutes in order
to allow Mr. Varin complete his mandate as Chairman during the full term of his
office as Chairman.
Jean-Louis Chaussade stated, "I welcome Philippe Varin's selection as the
future Chairman of SUEZ provided, of course, that he will be nominated as
Chairman at the Group's Annual General Meeting next May. He is a consummate
industry professional who will use his experience to our Group's benefit. It is
an honor for SUEZ, and for me, that he will be my successor, and, with the CEO
and his team, be able to guide the Group to new successes."
SUEZ CEO Bertrand Camus added, "I join Jean-Louis Chaussade and welcome the
Board's unanimous proposal to submit the candidacy of Philippe Varin to the
Annual General Meeting. His human qualities, his industry and global experience
will be a major advantage in the implementation of our strategic plan, Shaping
SUEZ 2030. I am looking forward to building a team with him."
With 90,000 people on the five continents, SUEZ is a world leader in smart and
sustainable resource management. We provide water and waste management
solutions that enable cities and industries optimize their resource management
and strengthen their environmental and economic performances, in line with
regulatory standards. With the full potential of digital technologies and
innovative solutions, the Group recovers 17 million tons of waste a year,
produces 3.9 million tons of secondary raw materials and 7 TWh of local
renewable energy. It also secures water resources, delivering wastewater
treatment services to 58 million people and reusing 882 million m3 of
wastewater. SUEZ generated total revenues of 17.3 billion euros in 2018.