Philippe Salle appointed as Chairman of Elior’s Board of Directors

Philippe Salle was elected as a director of Elior at the Company’s Annual Shareholders’ Meeting on March 10, 2015. At the Board meeting held after the Annual Shareholders’ Meeting he was then appointed Chairman of the Board of Directors, with immediate effect.

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On April 30, 2015, when Philippe Salle has stepped down from his position as an executive of the Altran group, Elior’s Board of Directors will hold a meeting to appoint him as Chief Executive Officer of the Company, thus combining the roles of Chairman and CEO. Until that date, James Arnell – who has served as Chairman of Elior’s Board of Directors since the Company’s IPO – will temporarily take on the duties of Chief Executive Officer to replace Gilles Petit.

Philippe Salle and James Arnell will not receive any compensation for their respective corporate officer positions for the period from March 10 to April 30, 2015.

The Board thanked Gilles Petit for the significant work accomplished during the four years he spent at the helm of the Elior Group, as well as for his dedicated commitment and interpersonal qualities, stating "Against a difficult economic backdrop, Gilles Petit managed not only to drive Elior’s continued expansion but also to successfully lead it through its relisting on the French stock exchange."

The Board expressed its delight at Philippe Salle’s appointment as its Chairman, saying "Drawing on his successful experience as Chief Executive of major listed groups, Philippe has all the strengths required to be a driving force for Elior and to boost its strategic development as it embarks on a new phase in its history. We give him our wholehearted support and wish him every success in his new position".