_518 2023 UNIVERSAL REGISTRATION DOCUMENT_MICHELIN 7 ANNUAL SHAREHOLDERS MEETING OF MAY 17, 2024 Report of the Supervisory Board: recommendations concerning the votes on the proposed resolutions 7.2 REPORT OF THE SUPERVISORY BOARD: RECOMMENDATIONS CONCERNING THE VOTES ON THE PROPOSED RESOLUTIONS 7.2.1 Election and re-election of Supervisory Board members (12th to 14th resolutions) Compagnie Générale des Établissements Michelin is a société en commandite par actions (partnership limited by shares) and as such its Supervisory Board is entirely made up of non-executive members (89% of whom are independent) who represent the shareholders. With a view to clearly separating powers, no General Partner may play a role in the nomination process – neither Florent Menegaux, Managing Chairman, nor SAGES, the Non-Managing General Partner, which is responsible for ensuring the Company’s continuity of leadership. The General Partners are not involved in decisions to recommend candidates for election to the Supervisory Board at Shareholders Meetings. In addition, French law and the Company’s Bylaws prohibit the General Partners from taking part in the vote at Shareholders Meetings to elect members of the Supervisory Board and their shares are not included in the quorum for the related resolutions. The terms of Anne-Sophie de La Bigne, Jean-Pierre Duprieu and Patrick de La Chevardière as Supervisory Board members are due to expire at the close of the Annual Shareholders Meeting on May 17, 2024. Patrick de La Chevardière has informed the Supervisory Board that he wishes to stand for re-election, for the first time. Anne-Sophie de La Bigne and Jean-Pierre Duprieu have informed the Supervisory Board that they intend to step down from the Board when their term expires. Their fellow Supervisory Board members have thanked AnneSophie de La Bigne and Jean-Pierre Duprieu for their major contribution to the work of the Board since 2013, and to the work of the Committees of which they have been members or Chairs (Audit Committee, Compensation and Appointments Committee). When Jean-Pierre Duprieu steps down from the Board, the position of Chair of the Compensation and Appointments Committee will be vacant. The Supervisory Board is considering appointing to this position Thierry Le Hénaff, currently Senior Independent Member of the Board. The Compensation and Appointments Committee proposes that Patrick de La Chevardière should be re-elected to the Supervisory Board (12th resolution) and that Catherine Soubie and Pascal Vinet should be elected as new members of the Supervisory Board (13th and 14th resolutions respectively). Re-election of a Supervisory Board member Patrick de La Chevardière Michelin 112, avenue Kléber, 75016 Paris Patrick de La Chevardière was born in 1957 and is a French national. He is currently a director of SLB (formerly Schlumberger)(1) and was previously the Chief Financial Officer and a member of the Executive Committee of the Total group(1), where he spent his entire career. Patrick de La Chevardière is a graduate of École Centrale. He began his career as a drilling engineer in the Exploration and Production Division (1982-1989), before joining the Finance Department (1989-1995). He subsequently served as head of the Operations and Subsidiaries Division (1995-2000), Asia Director in the Refining and Marketing Division (2000-2003), Deputy Chief Financial Officer (2003-2008) and member of the Management Committee (2005), and Chief Financial Officer and member of the Executive Committee (2008-2019). He owned 1,600 Michelin shares at December 31, 2023. Patrick de La Chevardière was elected to Michelin's Supervisory Board at the Annual Shareholders Meeting of June 23, 2020, by a 99.88% majority of the votes cast, and has been Chair of the Audit Committee since that date. Patrick de La Chevardière: ● does not have any family ties with either the Managers or any other member of the Supervisory Board; ● is not currently and never has been an employee of Michelin or any of its subsidiaries; ● is not an executive officer of a company in which Michelin, directly or indirectly, has a seat on the Board, or in which an executive officer of Michelin has a seat on the Board; (1) Listed company.
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