Keolis removes Chairman Jeantet

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The Supervisory Board of Groupe Keolis S.A.S. has noted significant strategic differences with the Chairman of the Executive Board, Patrick Jeantet, since he took office on 1 February 2020.

The role of the Supervisory Board is to oversee the Executive Board, which is composed of a single member, namely Patrick Jeantet, and to adjudicate on a certain number of strategic decisions.

Keolis' two shareholders, SNCF and Caisse de dépôt et placement du Québec, asked the Chairman of the Supervisory Board to convene an exceptional meeting on Tuesday 2 June 2020 to deliberate on the dismissal of Patrick Jeantet.

The Supervisory Board met today and recorded the termination of all of Patrick Jeantet's mandates.

A recruitment process will be initiated without delay to appoint a new Chairperson of the Executive Board.

In the meantime, the Supervisory Board has decided to entrust the management of Keolis to a specially constituted Executive Board, whose interim Chairperson will be Kathleen Wantz-O’Rourke, Group Executive Director Finance and Legal, that will include the following members of the Executive Committee:
• Frédéric Baverez, Group Executive Director France and CEO Effia
• Bruno Danet, Group Executive Director Human Resources and Organisation
• Bernard Tabary, Group Executive Director International
The two shareholders reaffirm their commitment to the Keolis Group, its customers and employees.

— From a Keolis news release. June 2, 2020.
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