07 Annual Shareholders Meeting of May 16, 2025 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 RE-ELECTION OF ONE SUPERVISORY BOARD MEMBER (12TH RESOLUTION) 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 Partner, which is responsible for ensuring the Company’s continuity of leadership. The General Partners may not be 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. Wolf-Henning Scheider’s term as Supervisory Board member expires at the close of the Annual Shareholders Meeting to be held on May 16, 2025 and he has informed the Board that he wishes to stand for re-election. The Compensation and Appointments Committee proposes that Wolf-Henning Scheider should be re-elected as member of the Supervisory Board for the first time (12th resolution). Re-election of a Supervisory Board member Wolf-Henning Scheider Michelin 112, avenue Kléber, 75016 Paris Wolf-Henning Scheider was born in 1962 and is a German national. Since 2023, he has been a member of the Executive Committee of Partners Group AG, Head of Private Equity and Executive Director for Sustainability. Wolf-Henning Scheider studied at Saarbruck University and RWTH Aachen University, graduating in Business Administration and Economics. He began his career with the Bosch group, holding various management positions in Germany and several other countries, including France where he spent over four years. Between 2010 and 2015, he served as a member of the Executive Committee of Robert Bosch GmbH, with overall responsibility for the Automotive group, OEM sales, and Group Sales and Marketing. From 2015 to 2018, Wolf-Henning Scheider was Chief Executive Officer of the Mahle group. He was Chairman of the Board of Management and Chief Executive Officer of ZF Friedrichshafen AG (ZF Group), a global leader in automotive, transportation and mobility technologies, from 2018 to early 2023. He owned 1,600 Michelin shares at December 31, 2024. Wolf-Henning Scheider was elected as a member of Michelin’s Supervisory Board by the Annual Shareholders Meeting of May 21, 2021 by a majority of 99.68% of the votes cast. Wolf-Henning Scheider: n does not have any family ties with either the Managers or any other member of the Supervisory Board; n is not currently and never has been an employee of Michelin or any of its subsidiaries; n 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; n has not been an auditor of Michelin in any of the past five years; n is not a shareholder or an executive officer of SAGES, one of Michelin’s General Partners; n is not a customer, supplier or banker that is material for Michelin or that derives a significant portion of its business from Michelin. 501 2024 UNIVERSAL REGISTRATION DOCUMENT_MICHELIN
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