Michelin shareholders approve Menegaux, Chapot appointments

Attendees at the Michelin 2018 General Annual Meeting of Shareholders last Friday elected Florent Menegaux to the position of general managing partner and Yves Chapot as non-general managing partner. In each case, more than 99 per cent of voting shareholders voted in favour of the appointments.

As announced earlier this year, the two men will succeed Jean-Dominique Senard in 2019. In his closing remarks at the meeting, Senard expressed his full confidence in them.

During the meeting, shareholders also approved the payment of a dividend of €3.55 per share for the 2017 financial year, payable in cash as from 24 May 2018.