AREVA - Clarification
ORGANISATION / GROUPE
June 21, 2011
During this period of leadership change at AREVA, unfounded rumors continue to circulate. This time, they are regarding Ms. Anne Lauvergeon's severance package after the recent meeting of the AREVA Supervisory Board.
The amount and the conditions for payment of severance compensation to Ms. Lauvergeon, CEO of AREVA and Pdt of the Executive Board, were decided by the AREVA Supervisory Board on October 16, 2008, on the recommendation of the Board's Compensation and Nominating Committee, in accordance with the French law on employment (the “TEPA” law). Further, the severance package was approved by the General Meeting of Shareholders on April 30, 2009.
This is public information which can be found in the AREVA Group 2010 Annual Report (page 176).
Ms. Lauvergeon will receive severance as stipulated in these arrangements.
Also contrary to certain information, this subject was not discussed during the recent conversation between the French President, Mr. Nicolas Sarkozy, and Ms. Lauvergeon.