CHARGEURS STRENGTHENS ITS TRANSITION : PROMOTIONS AND APPOINTMENTS

CHARGEURS STRENGTHENS ITS TRANSITION PROMOTIONS AND APPOINTMENTS

PRESS RELEASE

Paris - June 8, 2017

• Olivier Buquen is promoted to Group Chief Financial Officer
• Sampiero Lanfranchi is appointed Group Executive VP, International Business Development and Acquisitions

"Chargeurs is continuing to modernize its organization with the promotion of Olivier Buquen who replaces Rémy Husson as Group Chief Financial Officer, and the appointment of Sampiero Lanfranchi as Group Executive Vice-President for International Business Development and Acquisitions. Chargeurs thanks Rémy Husson for his professionalism, commitment and expertise during his time with the Group, as well as his contribution to our increasingly strong financial footing. With these changes, the Group is ensuring it has the organizational resources to match its strategy as a 'game changer' in niche manufacturing markets" said Michaël Fribourg, Chairman and Chief Executive Officer.

Oliver Buquen, who until now has served as Group Executive Vice-President for International Business Development and Acquisitions, has been promoted to Chief Financial Officer of the Chargeurs Group. He thus succeeds Rémy Husson, who is leaving the Group.

Having joined Chargeurs in 2016, Olivier Buquen already has an in-depth knowledge of the Group, its teams and its global operations. Since his arrival, he has worked alongside the Chairman and Chief Executive Officer, Michaël Fribourg, in developing Chargeurs' niche businesses.

Oliver Buquen will be responsible for modernizing the Group's financial function to serve all of its stakeholders. He will be assisted by Cédric Ratouis, Deputy Group Chief Financial Officer, who maintains his current position.

Sampiero Lanfranchi, who until now has been an attorney-at-law registered with the New York and Paris Bar Associations specialized in mergers and acquisitions and a member of the De Pardieu Brocas Maffei law firm, is succeeding Olivier Buquen.

He will be in charge of coordinating the implementation of acquisition projects and overseeing the integration of acquired companies and new global operations, in collaboration with all of the Group's teams.

The members of the Chargeurs Executive Committee include:

• Michaël Fribourg, Chairman and Chief Executive Officer

• Olivier Buquen, Chief Financial Officer

• Joëlle Fabre-Hoffmeister, Secretary General

• Sampiero Lanfranchi, Group Executive Vice-President for International Business Development and Acquisitions

• Laurent Derolez, Managing Director, Chargeurs Protective Films

• Bernard Vossart, Managing Director, Chargeurs Fashion Technologies

• Patrick Bonnefond, Managing Director, Chargeurs Technical Substrates

• Federico Paullier, Managing Director, Chargeurs Luxury Materials

Chargeurs is a global manufacturing and services group with leading positions in four segments: temporary surface protection, garment interlinings, technical substrates and combed wool.

It has over 1,500 employees based in 34 countries on five continents, who serve a diversified customer base spanning more than 70 countries.

In 2016, revenue totaled more than €500 million, of which over 90% was generated outside France.

CONTACT

Financial Communications  +33 1 47 04 13 40  comfin@chargeurs.fr  www.chargeurs.fr