Valeo Shareholders' Meeting 2024

PRESS RELEASE
23 May 2024

Valeo Shareholders' Meeting 2024

Valeo's Shareholders' Meeting was held today. The Meeting was chaired by Gilles Michel, Chairman of the Board of Directors. All the resolutions were adopted.

The shareholders approved the financial statements for the year ended December 31, 2023 as well as a dividend distribution of 0.40 euro per share. The ex-dividend date is set at May 28, 2024, and the record date at May 29, 2024. The dividend will be paid on May 30, 2024.

The shareholders renewed the term of office of the Fonds Stratégique de Participations, represented by Julie Avrane as (independent) director, and appointed Sascha Zahnd and Beatriz Puente as (independent) directors, for a period of four years. Following the expiry of Thierry Moulonguet and Ulrike Steinhorst's terms of office at the end of the Shareholders' Meeting, the Chairman of the Board reiterated his warm thanks for their involvement and the remarkable work they have carried out over more than 12 years as part of the Board of Directors and its specialized Committees.

In addition, the Shareholders' Meeting also appointed Eric Chauvirey as director representing employee shareholders, for a period of four years, with Yann Le Pêcheur as his substitute.

At the end of the Shareholders' Meeting, the Board of Directors therefore comprises 15 directors, including 2 directors representing employees and one director representing employee shareholders. 92% of the directors are independent and 42% of the directors are women (excluding employee directors). The composition of specialized Committees of the Board and their chairs have also been reviewed to reflect these developments, with Véronique Weill now chairing the Audit and Risks Committee and Alexandre Dayon now chairing the Compensation Committee and the Governance, Appointments and Corporate Social Responsibility Committee (Patrick Sayer will continue to chair the Strategy Committee). It should also be noted that Julie Avrane, permanent representative of the Fonds Stratégique de Participations, is now in charge of CSR matters within the Governance, Appointments and Corporate Social Responsibility Committee. The new composition of the Board of Directors and its specialized Committees are set out in full in Appendix 1 below.