ESI Group: Proposal to appoint a new independent Board member
June 06 2016 - 12:00PM
Business Wire
Regulatory News:
The ESI Group’s (Paris:ESI) Board of Directors, on the
recommendation of the Compensation, Nomination and Governance
Committee, will propose the appointment of a new independent Board
member, Mr. Yves de Balmann, at the Annual General Meeting of July
21, 2016.
Alain de Rouvray, ESI Group’s Chairman and CEO, says: “We are
particularly pleased and honored to recommend the appointment of
Yves de Balmann as a new independent member of our Board of
Directors. Yves de Balmann is already familiar with ESI Group,
having been involved with the Group as a Board member between 2001
and 2008. Former Co-Head of Deutsche Bank’s investment banking
division and founder of a major private equity company, Yves de
Balmann has an in-depth knowledge of the international finance
sector. His experience as a member of the Boards of various
prestigious companies will be particularly beneficial within the
context of the Group’s numerous recent acquisitions. Furthermore,
his entrepreneurial expertise and his dual citizenship (US and
French) represent valuable assets that will support ESI Group’s
international development. His appointment will be submitted to the
Annual General Meeting of July 21, 2016 for approval.”
Biography:
A graduate of Stanford University in the United States and Ecole
Polytechnique in France, Yves de Balmann has extensive experience
in capital markets, acquisition financing and international
investment in private companies. Having begun his career at
Citibank, where he was Division Executive responsible for all
aspects of Interest Rate and Currency Derivatives, and Proprietary
Trading in North America, in 1988 he joined Bankers Trust. When the
latter merged with Deutsche Bank in 1999, Yves de Balmann was,
until 2001, Co-Head of Deutsche Bank's Global Investment Bank (GIB)
and a member of the Board of the Bank's Global Corporates and
Institutions Division (GCI), as well as Co-Chairman and Co-CEO of
Deutsche Bank Alex. Brown, the German bank’s US-based investment
banking and retail brokerage business. In 2002, Yves de Balmann
founded Bregal Investments, a major global private equity player of
which he was Co-Chairman until 2012.
Based in California, Yves de Balmann is currently a director of
Exelon Corporation (NYSE) and Conversant IP Management, where he is
also non-executive Chairman, and a director of Sweetwater Spectrum,
a non-profit organization.
If this resolution is adopted by the Annual General Meeting, the
Board will consist of 8 members, including 5 independent members
and 3 women.
You can find all of our press releases at
www.esi-group.com/press
Next events
Berenberg Forum:
June 14, 2016 - London
June 23, 2016 - Cascais
Annual General Meeting:
July 21, 2016 – Rungis
Actionaria tradeshow
November 18-19, 2016 - Paris
About ESI Group
ESI Group is a leading innovator in Virtual Prototyping software
and services. Specialist in material physics, ESI has developed a
unique proficiency in helping industrial manufacturers replace
physical prototypes by virtually replicating the fabrication,
assembly and testing of products in different environments. Today,
coupled with Virtual Reality, animated by systems models, and
benefiting from data analytics, Virtual Prototyping becomes
immersive and interactive: ESI’s clients can bring their products
to life, ensuring reliable performance, serviceability and
maintainability. ESI solutions help world-leading OEM’s and
innovative companies in making sure that their products will pass
certification tests, before any physical prototype is built, and
that they will deliver competitive products to their markets. ESI’s
Virtual Prototyping solutions address the emerging need for
products to be smart and autonomous and support industrial
manufacturers in their digital transformation.
Today, ESI’s customer base spans nearly every industry sector.
The company employs about 1100 high-level specialists worldwide to
address the needs of customers in more than 40 countries.
ESI is listed in compartment C of NYSE Euronext Paris and is
granted “Entreprise Innovante” (Innovative Company) certification
since 2000 by Bpifrance. ESI is eligible for inclusion in FCPI
(venture capital trusts dedicated to innovation) and PEA PME.
For further information, please visit www.esi-group.com.
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version on businesswire.com: http://www.businesswire.com/news/home/20160606006029/en/
Investor RelationsESI Group – Europe/AsiaCorentine
Lemarchand, +33 1 53 65 14
51corentine.lemarchand@esi-group.comorESI Group –
AmericaCorinne Romefort-Régnier, +
1-415-994-3570Corinne.Romefort@esi-group.comorNewCapEmmanuel
HuynhLouis-Victor Delouvrier+33 1 44 71 98
53
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