AREVA Launches a Project to Evolve Its Governance

Regulatory News:

At the request of its majority shareholders, the French State and the French Atomic Energy Commission (CEA), the AREVA group (Paris:AREVA) is initiating a project to change its governance structure.

Currently overseen by a Supervisory Board, the group is to appoint a Board of Directors to bring itself into line with the best practices in use in France and to set up a method more collaborative between that directors and the General Management of the company.

The project will be implemented during the course of 2014.

Pierre Blayau, Chairman of AREVA’s Supervisory Board, said: "The objective of this reform is to provide better support to the General Management team, with a clear sharing of roles and more collaboration between the Board of Directors and General Management. This decision aims to meet two strategic goals of the AREVA group, namely to redress its operational performance and to evolve its governance.”

MORE ABOUT AREVA

AREVA is a world leader in nuclear power. The group’s offer to utilities covers every stage of the nuclear fuel cycle, reactor design and construction, and operating services. Its expertise and uncompromising dedication to safety make it a leading industry player.
AREVA also invests in renewable energies to develop, via partnerships, high technology solutions.
Through the complementary nature of nuclear and renewables, AREVA’s 45,000 employees contribute to building tomorrow’s energy model: supplying the greatest number of people with energy that is safer and with less CO₂.

Tour AREVA – 1 Place Jean Millier – 92400 COURBEVOIE – France – Tel : +33 (0)1 34 96 00 00 – Fax : +33 (0)1 34 96 00 01 /1