Paris, November 20, 2017 - The Valeo Board of Directors has co-opted Bruno Bézard as an independent director, in a decision taken unanimously. Bruno Bézard will replace Jérôme Contamine for his remaining term of office, i.e. until the end of the Annual Shareholders’ Meeting convened to approve the financial statements for the year ending 31 December 2017.
The highly valuable contribution of Jérôme Contamine to the work of the Board and its special committees since he was appointed as member of the Board of Directors on May 17, 2006 was recognized. The co-optation of Bruno Bézard as director will be submitted at the next Valeo Shareholders’ Meeting for ratification.
Bruno Bézard, 54, a French national, is Managing Partner of the investment fund Cathay Capital Private Equity. He is based in Shanghai and Paris, speaks Chinese, has been active in China and has known the country for several years. He will bring to the Board a major contribution given his deep understanding of China. He has been a senior public official for a large part of his career, holding top level operational roles in the financial and economic sectors. Before joining Cathay Capital in 2016, Bruno Bézard was Head of the French Treasury and President of the Paris Club. Before that he was Head of the French Public Finance Administration after spending two years as Minister-Advisor in Beijing, overseeing France’s Greater China Regional Economic Department. Bruno Bézard also proposed the creation of, and then headed, the French State Shareholding Agency (APE), representing the State as a shareholder on a large number of company boards and acquiring vast experience with corporate governance and merger transactions. For example, Bruno Bézard has held a seat on the boards of EDF, SNCF, AREVA, La Poste, Thalès, Air France, Engie and PSA. Inspector General of Finance, Bruno Bézard earned degrees from the Ecole Polytechnique and the Ecole Nationale d’Administration (ENA), and tought at both schools for a number of years.