Carbios' Board of Directors Nominates a New Chief Executive Officer

Regulatory News:

Carbios (Euronext Growth Paris: ALCRB), a pioneer in the development of enzymatic solutions dedicated to the end-of-life of plastic and textile polymers, is pleased to announce the nomination of Emmanuel Ladent as Chief Executive Officer of the Company. He will also be Chairman of Carbios’ subsidiary, Carbiolice. His role will take effect on December 1, 2021. At the same time, the Board of Directors acknowledged the resignation of Jean-Claude Lumaret on November 5, 2021 from his position as Chief Executive Officer. In order to ensure the transition with Emmanuel Ladent, Jean-Claude Lumaret will remain an employee of the Company until his retirement on 31 March 2022. He will also continue to serve as a Board member of the Company until the end of the General Meeting, which will be held in 2025 to approve the financial statements for the year ending December 31, 2024.

Emmanuel Ladent, 52, a graduate of the Neoma Business School, has 30 years of experience in the automotive sector and more specifically in mobility. Most recently, he managed the MICHELIN Group's largest business line, the Automotive Global Brands division. His management career is characterised by a strong international background, with more than 20 years spent working on several different continents. Specialised in business transformation through innovation, Mr. Ladent has contributed to the development of subsidiaries with multi-billion euro turnovers. Through strong leadership, he has been able to unite interdisciplinary and intercultural teams around a common vision and ambitious goals.

"I am confident that Carbios, and its subsidiary Carbiolice, will emerge as a world leader in the development, industrialization and commercialization of biological processes to rethink the end-of-life of plastics and textiles! To do so, as a team we intend to successfully transition from an R&D phase to industrialization, while pursuing our innovation efforts to provide sustainable solutions for biorecycling and biodegradation of additional polymers. I am thrilled to be joining an innovative company that offers concrete and meaningful solutions for a circular economy of plastic wastes," says Emmanuel Ladent.