Frédéric Lemoine, Chairman of the AREVA Supervisory Board, would like to issue the following reminders concerning the group's governance
GROUP / ORGANIZATION
May 19, 2006
Following the false information that appeared in the media on Thursday, May 18, 2006, Frédéric Lemoine, Chairman of the AREVA Supervisory Board, would like to issue the following reminders concerning the group's governance.
In 2001, it was decided to organize the new AREVA group with a Supervisory Board and an Executive Board, in line with a balanced governance model. Under the terms of this structure, the Supervisory Board is guarantor of AREVA's strategy and constantly controls the way the Executive Board manages the group.
From its inception, the Supervisory Board has also been entrusted with a certain number of specific decision-making powers and responsibilities, including the appointment of the members of the Executive Board and the designation of its Chairman.
Having served a first term, the Supervisory Board was renewed for a further five years at the AGM, held on May 2, 2006. In strict accordance with the aforementioned governance principles, the Supervisory Board shall now proceed with appointing the members and Chairman of the Executive Board. This it shall do in an ordered manner, its sole concern being the interests of the group and its shareholders. The mandate of the current Executive Board expires on July 3 of this year.