Michelin Renews Florent Menegaux's Mandate and Proposes Philippe Jacquin for Management

Renewal of Florent Menegaux's Mandate

The Auxiliary Management Company, a non-managing sponsored partner of Michelin General Establishments, decided to renew Florent Menegaux's mandate as a sponsored managing partner, according to the statement released on January 12. The Supervisory Board of the group, chaired by Barbara Dalibard, unanimously agreed on this decision. The leader's mandate will thus be renewed for a maximum period of four years from its expiration, scheduled at the end of the next general meeting. According to the company, this decision reflects the renewal of trust in Florent Menegaux and acknowledges his leadership of the group.

Proposal of Philippe Jacquin as Non-Sponsored Manager

Yves Chapot not wishing to have his mandate as a non-sponsored manager renewed, the SAGES decided to propose Philippe Jacquin for this position, the statement indicates. This decision was made after consulting the Michelin Supervisory Board, which unanimously expressed a positive opinion. A corresponding resolution project will be presented by the management president at the next ordinary general meeting, which will be held on May 22, 2026. SAGES and the Supervisory Board wished to thank Yves Chapot for his contribution to the company's development during his two terms.

Governance Structure of Michelin

This announcement is part of the specific governance structure of Michelin, a partnership limited by shares. The SAGES, chaired by Vincent Montagne, plays its role as a non-managing sponsored partner by proposing manager appointments, while the Supervisory Board, chaired by Barbara Dalibard, provides opinions on these decisions. The managers' mandates are renewed in accordance with the statutes for a maximum duration of four years. This organization maintains a distinction between the operational management of the group and its strategic oversight.