Lemoine leaves Areva

31 March 2009

Areva's supervisory board chairman Frédéric Lemoine has left the company halfway through his term of office to join private investment firm Wendel.

Lemoine, 43, takes over as president of Wendel's executive board in April. He joined Wendel's supervisory board in June 2008, according to a Wendel statement. He succeeds Jean-Bernard Lafonta, who announced his plans to depart the company in May 2009. Wendel Group has interests in certification company Bureau Veritas, construction materials firm Saint Gobain, electrical firm Legrand and other industrial firms.

An Areva statement said that Lemoine's successor will be appointed at the Areva annual general meeting on April 30.

Like many other French business corporations (sociétées anonymes), Areva is run by an executive and supervisory board. The executive board essentially runs the company, and is headed up by chief executive officer Anne Lauvergeon.

The supervisory board oversees the executive board, deliberates on the overall Areva strategy, approves the budgets and performs other functions. As of February 5, there were 15 members in the supervisory board. They include members appointed by shareholders and holders of voting rights certificates (8), employee-elected members (3) and government representatives (4). The vice chairman of the supervisory board is Bernard Bigot. Board members serve five year terms.

Lemoine was one of four members appointed by shareholders who was defined as independent, holding no more than 10% of Areva capital and with no financial or commercial links with the company (through a customer or supplier).

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