The Board of Directors of Dexia SA, meeting under the chairmanship of Robert de Metz, took note of the expiry of the term of office as director of Karel De Boeck, CEO and Chairman of the Management Board of the company, following the group's General Meeting of 18 May 2016. The General Meeting approved the nomination of Wouter Devriendt as Director and the Board of Directors has appointed him as CEO and Chairman of the Management Board of the company.