Rexel S.A. announced that Having been chosen to chair the Board of Directors of Unilever, Ian Meakins will retire from the Rexel Board with effect on August 31, 2023. He will be replaced as Chair of Rexel?s Board by Agnès Touraine. The Rexel Board would like to express its deepest appreciation and gratitude to Ian Meakins for his leadership during the past seven years.

During this time, under the initiative of Patrick Berard and then of Guillaume Texier, CEO from September 1, 2021, Rexel's share price more than doubled, while sales increased by more than 40%, profitability by 75%, total EBITA was multiplied by 2.5 times, and the net debt to EBITDA ratio went from 3 times to 1 time. The Group is now at a historic level of performance, with an ambitious strategy driven by a top-level management team. Agnès Touraine has extensive governance experience, having chaired the Institut Français des Administrateurs (IFA) and having served on boards in France (SNCF, Tarkett), Belgium (Proximus, GBL) and the UK (Cable & Wireless Plc, Darty Plc), and previously as Chairwoman and CEO of Vivendi Universal Publishing, Havas Interactive and Hachette Livre Grand Public.

She has served on the Rexel Board since 2017, chairing the Compensation Committee and the Nomination, Governance and CSR Committee. She had been appointed as Deputy Chairwoman and SID following the last Shareholders? Meeting on April 20, 2023.

The Board of Directors appointed François Auque as Deputy Chairman of the Board of Directors. The Board deemed it was no longer necessary to appoint a senior independent Director. It also decided to appoint Barbara Dalibard to replace Agnès Touraine as Chair of the Nomination, Governance and CSR Committee and to appoint Brigitte Cantaloube as Chair of the Compensation Committee.