Worldline governance evolution

Worldline governance evolution

Paris La Défense, 21 March 2024 – Worldline [Euronext : WLN], a global leader in payment services, today announces an evolution of its governance and the cooptation of
Wilfried Verstraete as independent director ahead of its anticipated future election as Chairman of the Board of directors.

New Chairman of the Board of directors

Worldline’s Board of directors met on March 20^th, 2024, and upon recommendation of the Nomination Committee, decided to coopt Wilfried Verstraete as independent director, replacing Bernard Bourigeaud. Wilfried Verstraete will be proposed for election by the Board as Chairman of the Board of directors following the company General meeting on June 13^th, 2024.

Wilfried Verstraete today joins the Strategy and Investment committee as well as the Nomination committee and will immediately be involved in the Company’s strategic priorities, as well as in the expected Board of directors evolution.

The nomination of Wilfried Verstraete marks a new chapter in Worldline’s development and will allow the Company to successfully enter this new transformation phase. It is consistent with the Board’s willingness to elect a seasoned, international executive, with a proven track record of deep transformation in complex industries within the financial sector. Whilst leading Euler Hermes for c. twelve years, Wilfried Verstraete managed to deeply transform the Group from a traditional trade credit insurer into a leading data-focused fintech providing cutting-edge digital solutions to its clients.

In order to facilitate a smooth transition, and in line with governance best practices, the Board of directors has asked Mr. Georges Pauget, interim Chairman of the Board of directors since December 14^th, 2023, to continue in its current role until the election of Wilfried Verstraete as Chairman.

Further reduction in the size of the Board of directors

The Board of directors is committed to continue the process of reducing the number of its members initiated in 2022, and confirms its willingness for significant renewal as it embarks into a new phase of its strategic journey. It has therefore been decided that, following its next General meeting, the Board composition would be reduced from 15 to 12 Board members - plus two employee directors, whose designation follows a dedicated procedure.