Nexity: Departure of Jean-Claude Bassien, Deputy CEO
On February 25, 2026, the Board of Directors of Nexity set the terms for the departure of Jean-Claude Bassien from his role as Deputy CEO. His departure will take effect after the annual general meeting on May 21, 2026.
Details of the Departure
Jean-Claude Bassien will leave his position as Deputy CEO following the annual general meeting scheduled for May 21, 2026. The Board of Directors, on the recommendation of its Compensation and Nominations Committee, has determined the terms of his departure. His fixed salary for 2026 amounts to 500,000 euros gross per year, prorated for the actual period of service. His target annual variable compensation for 2026 is set at 400,000 euros gross, prorated and subject to the achievement of performance conditions. No severance payment will be made as his departure is in the context of a resignation.
Non-Compete Agreement
The Board of Directors has secured a twelve-month non-compete commitment from Jean-Claude Bassien, and will seek approval at the general meeting on May 21, 2026, for an additional twelve-month non-compete commitment. In return, Nexity will grant Jean-Claude Bassien a compensation equivalent to half of the average annual gross salaries paid during the fiscal years 2024 and 2025, amounting to 390,500 euros per year of commitment, payable in twelve monthly installments. Jean-Claude Bassien will continue to receive his benefits in kind until the effective termination of his duties. The free shares awarded under various plans, whose acquisition predates the departure, will lapse due to the unfulfilled condition of presence.
