MAISONS DU MONDE

APPOINTMENT OF THIERRY FALQUE-PIERROTIN AND LAURE HAUSEUX AS MAISONS DU MONDE’S BOARD MEMBERS TO BE SUBMITTED TO 2020 AGM

PRESS RELEASE

APPOINTMENT OF THIERRY FALQUE-PIERROTIN AND LAURE HAUSEUX
AS MAISONS DU MONDE’S BOARD MEMBERS
TO BE SUBMITTED TO 2020 AGM

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Nantes, April 30, 2020

Maisons du Monde’s Board of Directors announces today that it will recommend to the 2020 Annual General Meeting of Shareholders the appointment of Thierry Falque-Pierrotin and Laure Hauseux as Independent Directors.

After constructive consultation with major shareholders, including Teleios Capital Partners, and upon recommendation of the Nomination and Compensation Committee, the Board of Directors is pleased to announce that it will recommend to Maisons du Monde’s Annual General Meeting on June 12, 2020 the appointment of Thierry Falque-Pierrotin and Laure Hauseux as independent Board members. Thierry and Laure bring strong retail sector and functional expertise, and their strategic guidance will be of benefit to the future growth of Maisons du Monde.

Such appointments will be recommended as Gilles Petit decided that he will not stand for re-election at the next General Meeting and Nicolas Woussen expressed his intention to step down for personal reasons.  The Board of Directors warmly thanks Gilles Petit for his contribution to the development of Maisons du Monde, serving as CEO between 2015 and 2018, leading the company to its IPO in 2016 and serving as a Board member since July 2018. The Board also thanks Nicolas Woussen for his valuable contribution to the Maisons du Monde Board of Directors since April 2016, particularly as President of the Audit Committee.

The Board of Directors also intends to create a Strategic Committee which, upon recommendation of the Nomination and Compensation Committee, would be chaired by Thierry Falque-Pierrotin and composed of Peter Child and Julie Walbaum. Laure Hauseux would join the Audit Committee, together with Marie-Christine Levet and which will be chaired by Michel-Alain Proch. Michel-Alain Proch will also succeed Gilles Petit as a member of the Nomination and Compensation Committee together with Peter Child and chaired by Sophie Guieysse.

Peter Child has agreed to continue to serve as Chairman for an initial term of one year, and Michel-Alain Proch will continue as Vice-Chairman.

Peter Child, Chairman of the Board of Directors, commented: “I am delighted to welcome Thierry and Laure to Maisons du Monde. Their combined experience will bring a lot to the company and its shareholders, and I look forward to working closely with them both as part of this new and exciting Board. I am also delighted that our Board of Directors in its new composition is now gender balanced with parity between women and men, as indeed is the Executive Committee of Maisons du Monde.