Worldline S.A. Announces Change of Board of Directors
October 24, 2019 at 05:18 pm EDT
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The Board of Directors of Worldline acknowledged the resignation of Mr. Thierry BRETON as Chairman of the Board, with immediate effects, following the announcement by the presidency of the French Republic of its proposal to submit the candidature of Mr. Thierry BRETON as Commissioner representing France in the European Commission. The Nomination and Remuneration Committee held a meeting October 24, 2019, to review the necessary corporate governance adjustments and to formulate appropriate recommendations to the Board of Directors. Atos SE proposed the cooptation of Pierre BARNABÉ (Head of the Global Division Big Data & Cybersecurity within Atos group) as new Director of the Board so as to maintain the balance and the number of directors representing Atos SE as per the agreements entered into between Atos SE and SIX Group AG. The Board of Directors, upon recommendation of the Nomination and Remuneration Committee, has unanimously decided with immediate effects: To coopt Mr. Pierre BARNABÉ as Director for the remaining period of Mr. Thierry BRETON's term of office, i.e. until the General Meeting to be held in 2020 to approve the accounts for the financial year ending December 31st, 2019; that the chairmanship of the Board of Directors be assumed by Mr. Gilles GRAPINET, currently Chief Executive Office of Worldline, it being precised that Mr. GRAPINET does not perceive any fees as Director nor as Chairman of the Board; to organize the committees of the Board of Directors as follows: Audit Committee: Aldo CARDOSO (Chairman), Gilles ARDITTI, Giulia FITZPATRICK, Mette KAMSWAG, Luc REMONT and Susan M. TOLSON. Nomination and Remuneration Committee: Lorenz von HABSBURG-LOTHRINGEN (Chairman), Danielle LAGARDE, Luc REMONT, Susan M. TOLSON and Pierre BARNABÉ. Investment Committee: Gilles ARDITTI (Chairman), Lorenz von HABSBURG-LOTHRINGEN, Aldo CARDOSO and Gilles GRAPINET. Strategy and Innovation Committee: Gilles ARDITTI (Chairman), Lorenz von HABSBURG-LOTHRINGEN, Giulia FITZPATRICK, Gilles GRAPINET and Luc REMONT.
Worldline is one of the world's leading providers of electronic payment and transactional services. Net sales break down by activity as follows:
- merchant services (72.1%): this division enables merchants to increase their sales and improve their customers' experience in a secure and trusted environment, with exceptional expertise and pan-European coverage;
- financial services (20.5%): this division, leader in Europe, provides financial data processing and enables financial institutions to deploy transformative technologies, manage risk and fraud, optimize processes and ensure operational excellence;
- mobility & transactional web services (7.4%): this division provides, beyond payment processing, expertise in new markets with secure dematerialization, Internet of Things and electronic ticketing solutions.
Net sales are distributed geographically as follows: France (12.1%), Southern Europe (20%), Central and Eastern Europe (34.5%), Northern Europe (23.2%) and other (10.2%).