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Monday, February 14, 2011

Michelin is Preparing Rollier’s Succession



Michel Rollier, the Managing General Partner who has led the Michelin Group since May 2006, has expressed his intention not to complete his term of office. In agreement with the Supervisory Board, he will recommend that shareholders at the Extraordinary Meeting on May 13, 2011 elect Jean-Dominique Senard, one of the two Non-General Managing Partners elected in May 2007, to replace him as Managing General Partner.

Mr. Rollier will remain a Managing General Partner according to his current terms of election. He will decide when to leave once the hand-over has been completed.

Michel Rollier, 67, has been a Managing General Partner of the Michelin Group since May 2005. After joining the Group in 1996, he primarily served as Chief Financial Officer.

Jean-Dominique Senard, 58, has been a Non-General Managing Partner of the Michelin Group since May 11, 2007. Before joining the Group in 2005 as Chief Financial Officer and Member of the Executive Committee, he exercised financial and operational responsibilities at Total, Saint-Gobain and Pechiney.



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