CORPORATE GOVERNANCE Departure, nomination and renewal of Directors During the financial year ended on December 31, 2017, the following changes took place in the membership of the Board of Directors: APPOINTMENT/ CO-OPTION/ DIRECTOR APPROVAL RE-ELECTION LEAVE COMMENTS Ian Meakins x x Approval by the shareholders' meeting of May 23, 2017 of his co-option as director by the Board of Directors on July 1, 2016 in replacement of Rudy Provoost. Renewal of his term of office as director for 4 years by the shareholders meeting of May 23, 2017. Marcus Alexanderson x Co-option as Director decided by the Board of Directors on May 15, 2017, to replace Pier-Luigi Sigismondi. His co-option as well as the renewal of his term of office will be submitted to the approval 3 of the shareholders meeting of May 24, 2018. Patrick Berard x Appointment as director for a term of four years by the shareholders meeting of May 23, 2017. Julien Bonnel x Appointment as director representing the employees on November 17, 2017 by the most representative trade union within the French subsidiaries of the Group, pursuant to article 7.1 of the by-laws of Rexel. François Henrot x Renewal of his term of office as director for 4 years by the shareholders meeting of May 23, 2017. Agnès Touraine x Approval by the shareholders’ meeting of May 23, 2017 of her co-option as director by the Board of Directors on February 10, 2017 in replacement of Marianne Culver. It will be proposed to the Shareholders’ Meeting of Succession plan May 24, 2018 to: The Nomination Committee drew up during the first •approve the co-option by the Board of Directors’ half of 2017 a succession plan for the Chief Executive meeting of May 15, 2017 of Marcus Alexanderson Officer. The Board of Directors was informed of the in his capacity of director and to renew his term of progress of the works relating to this plan and will office for a term of four years; be informed regularly of its implementation, as the •renew the term of office of Herna Verhagen for a case may be, after each meeting of the Nomination term of four years, her term of office ending at the committee. end of the Shareholders Meeting of May 24, 2018; •renew in advance the term of office of Maria 3.1.1.2 Membership of the Board of Directors Richter for four years pursuant to article 14.2 of the based on skills and diversity by-laws which provides for a renewal in quarter, rounded up to the nearest whole number each year. Diversity policy within the Board of Directors The biographies of Marcus Alexanderson, Maria The Board of Directors is committed to ensuring Richter and Herna Verhagen are set out at the effective diversity among its members. A team made beginning of this chapter and are also presented up of members with diverse and complementary in the report of the Board of Directors to the profi les, who also benefit from the necessary Shareholders Meeting of May 24, 2018, that is set out experience and expertise, is indeed a key factor to in chapter 6 of this Registration document ensure a proper administration of Rexel. REXEL 2017 – REGISTRATION DOCUMENT 69