Saint-Gobain reappoints CEO and updates board composition

PARIS - Compagnie de Saint-Gobain, a global leader in sustainable construction, announced the reappointment of Benoit Bazin as Chairman and Chief Executive Officer following its Shareholders’ Meeting today. The meeting, which saw a 76.59% turnout of shares with voting rights, also led to the appointment of three new independent directors.

The shareholders’ approval marks the continuation of Bazin’s leadership, a decision that aligns with the announcement made on November 28, 2024. Jean-François Cirelli will continue to serve as the Lead Independent (LON:IOG) Director and Vice-Chairman of the Board. Additionally, Sibylle Daunis Opfermann, representing employee shareholders, was reelected to her role.

The newly appointed independent directors include Maya Hari, a partner at Modern Manifesto from Singapore, Antoine de Saint-Affrique, the CEO of Danone (EPA:DANO) from France, and Hans Sohlström, the Chairman and CEO of Stora Enso (OTC:SEOAY) from Finland. These appointments have increased the proportion of independent directors to 91%, excluding employee representatives and the Chairman and CEO.

In line with the changes, the Board of Directors’ Committees were restructured. Thierry Delaporte will chair the Audit and Risk Committee, Jean-François Cirelli will head the Nomination and Remuneration Committee, and Sophie Brochu will lead the Corporate Social Responsibility Committee.

The shareholders also approved a dividend increase of 5%, raising the payout to €2.20 per share, up from €2.10 for the 2023 financial year. The ex-dividend date is set for June 9, 2025, with the dividend payment scheduled for June 11, 2025.

Pamela Knapp, Agnès Lemarchand, and Gilles Schnepp are departing from the Board as their terms have concluded. Their contributions to the Board’s discussions and decisions were acknowledged.

Saint-Gobain, celebrating its 360th anniversary in 2025, reported sales of €46.6 billion in 2024 and has committed to achieving net zero carbon emissions by 2050. The company employs more than 161,000 people across 80 countries.

A webcast of the General Meeting and the detailed voting results will be made available on the Saint-Gobain website starting June 6, 2025. This article is based on a press release statement.

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