Appointments to Arkema’s Board of Directors and Changes in Corporate Governance - Seite 2

• appointment of Bpifrance as an independent director for a four-year term

The appointment of Bpifrance, representing the Lac1 fund, which acquired a stake in Arkema in 2020, will enable the Board of Directors to benefit from its in-depth knowledge of Arkema’s key markets, technological and environmental transitions, as well as from its expertise in the governance of listed companies. In accordance with the AFEP-MEDEF Code, the Board considered that the percentage of Arkema’s capital owned by Lac1, which is less than 10%, did not disqualify Bpifrance from acting as an independent director.

Subject to its appointment by the Annual General Meeting, the Board of Directors has decided to appoint Bpifrance as a member of the newly created Innovation and Sustainable Growth committee.

Bpifrance assists businesses - at every stage of their development - providing loans, guarantees and equity. Bpifrance supports them in their innovation and international expansion projects. Bpifrance now also provides export insurance services with a wide range of products. In addition, consulting, academic, networking and acceleration programs for start-ups, SMEs and mid-caps are also part of its services to entrepreneurs. Thanks to Bpifrance and its 50 regional offices, entrepreneurs benefit from a local, single and efficient point of contact to help them meet their challenges effectively.

Lac1 acquires long-term stakes in French listed multinationals and plays an active role in their governance. The Lac1 fund has an investment capacity of €4.2 billion after its first round of funding alongside Bpifrance, involving around thirty subscribers, amongst which French and international institutional investors, large corporations and family offices. Lac1 is managed by Bpifrance Investissement, and draws on Bpifrance’s position within its ecosystem, its knowledge of technological and environmental transitions, as well as on its expertise in the governance of listed companies. Bpifrance Investissement is Bpifrance’s equity financing arm.

• appointment of Ilse Henne as an independent director for a four-year term

The appointment of Ilse Henne will enable the Board of Directors to benefit from her international management experience in metals trading, storage and processing, which has enabled her to develop expertise in strategic evolution, operational performance improvement and supply chain excellence, as well as in-depth knowledge of some key sectors for Arkema, particularly the automotive industry.