02 Corporate governance report Administrative, management and supervisory bodies 2.1.1 AN EXPERIENCED, STABLE AND RESPONSIBLE MANAGEMENT TEAM 2.1.1.1 Members Michelin is led by two Managers: n Florent Menegaux, General Partner originally elected by the Extraordinary Shareholders Meeting of May 18, 2018 and re-elected for a period of four years at the Shareholders Meeting of May 13, 2022; Florent Menegaux is also Managing Chairman; n Yves Chapot, General Manager, originally elected by the Ordinary Shareholders Meeting of May 18, 2018 and re-elected for a period of four years at the Shareholders Meeting of May 13, 2022. Initiates the Manager succession and compensation process. Ensures that the Company is led by skilled, efficient Managers who embody Michelin’s values. It is not involved in managing the Company*. Barbara Dalibard Chair Florent Menegaux Managing Chairman and General Partner MANAGERS SAGES Non-Managing General Partner GENERAL PARTNERS With unlimited joint and personal liability for the Company’s debts The Board exercises permanent oversight of the Company's management, assesses its quality and reports thereon to the shareholders. It also engages in specific corporate governance duties. Yves Chapot General Manager Managers administer and manage the Company Vincent Montagne Chairman SUPERVISORY BOARD Limited Partners Liability proportionate to their investment Statutory Auditors Deloitte & PwC (Accounts, Sustainability) SHAREHOLDERS Collaborate on Manager succession planning and compensation; make recommendations * Unless the position of Manager(s) falls vacant. 61 2024 UNIVERSAL REGISTRATION DOCUMENT_MICHELIN
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