Appointment of Jean-Baptiste Choimet to the position of Chief Executive Officer of GTT, as part of the implementation of its new governance

Appointment of Jean-Baptiste Choimet to the position of Chief Executive Officer of GTT, as part of the implementation of its new governance

Paris, 19 April 2024 — The GTT Group announces the appointment of Jean-Baptiste Choimet to the position of Chief Executive Officer of GTT as of June 12, 2024. Jean-Baptiste Choimet is currently a member of GTT’s Executive committee and Managing Director of Elogen, a subsidiary of the Group specializing in design and manufacturing of electrolysers to produce green hydrogen.

The decision taken today, unanimously, by the Board of Directors of GTT is the culmination of a rigorous selection process, led by the Appointments and Remuneration Committee, chaired by Catherine Ronge.

Furthermore, so that GTT can continue to benefit from the experience and commitment of Philippe Berterottière to the success of the Group, the Board of Directors will renew the latter in his role as Chairman of the Board of Directors for the remaining period of his term of office as director.

These decisions are part of the separation of the functions of Chairman and CEO, decided by the GTT Board of Directors on February 17, 2022.

The new governance of the GTT group will take effect on June 12, 2024.

Catherine Ronge, Chair of the Nominations and Remuneration Committee and Independent Director, declared: “As part of a demanding process initiated several months ago, our Committee reviewed several high-quality applications. The managerial and professional skills, particularly in the key areas of LNG and hydrogen, the personal qualities and achievements of Jean-Baptiste Choimet in the General Management of Elogen were assessed by the Board as particularly in line with GTT's requirements and the group's development strategy. Jean-Baptiste Choimet's sustained involvement with the Group and its teams will constitute an essential asset to ensure a seamless transition, within the framework of the new governance of the GTT group. »

Philippe Berterottière, Chairman and CEO of GTT, commented: “I am proud of the ambitious development strategy pursued by the GTT group, both in its core business, in its adjacent businesses and in its new markets. Faithful to its purpose, GTT has been able to initiate an in-depth transformation to support its clients in facing their future challenges and contribute to building, with them, a sustainable world. I am delighted with the appointment of Jean-Baptiste Choimet to accelerate GTT’s progress in this direction. Since 2020, Jean-Baptiste Choimet has demonstrated his determination, his visionary capacity and his unfailing energy to make Elogen a leading technological player in the green hydrogen value chain. Together, we share the same passion for technology and innovation, as well as a strong attachment to the GTT group, which I will be proud to continue to serve, alongside him, in my role as President. »