Board changes at ALSTOM
Rijswijk – Following Lord Simpsonâ€™s decision to retire from the Board at the end of the current fiscal year, the Board of Directors held on 23 March 2005 has co-opted, with effect as of 1st April 2005, Mr Francis Mer as a member of the Board to replace him.
This appointment will be submitted for ratification at the next Shareholdersâ€™ Meeting. Patrick Kron, Chairman of the Board, expressed his understanding of Lord Simpsonâ€™s decision to withdraw from the Board at this time when the Company has well advanced in its recovery and extended to Lord Simpson the Boardâ€™s thanks for his contribution since 1998.
Patrick Kron also extended the Boardâ€™s welcome to Francis Mer and noted that his broad experience in industry and international activities will be highly valuable in the Companyâ€™s move towards full recovery and future development.