Business & Finance
Business and Finance
Business and Finance
Wed, April 8, 2009Tue, April 7, 2009Mon, April 6, 2009Sun, April 5, 2009Fri, April 3, 2009Thu, April 2, 2009Wed, April 1, 2009Tue, March 31, 2009Mon, March 30, 2009Sun, March 29, 2009Fri, March 27, 2009Thu, March 26, 2009Wed, March 25, 2009Tue, March 24, 2009Mon, March 23, 2009Fri, March 20, 2009Thu, March 19, 2009Wed, March 18, 2009Tue, March 17, 2009Mon, March 16, 2009Fri, March 13, 2009Thu, March 12, 2009Wed, March 11, 2009Tue, March 10, 2009Mon, March 9, 2009Fri, March 6, 2009Thu, March 5, 2009Wed, March 4, 2009REXEL: REXEL : MICHEL FAVRE APPOINTED GROUP SENIOR VICE PRESIDENT, FINANCE, CONTROL AND LEGAL AFFAIRS OF REXEL
PARIS--(Marketwire - March 23, 2009) - Rexel, leading distributor worldwide of electrical supplies, announces that Michel Favre has been appointed Group Senior Vice President, Finance, Control and Legal Affairs. He will join Rexel at the beginning of April. Rexel's Supervisory Board should proceed to the appointment of Michel Favre as member of the Management Board by the end of May 2009.
Michel Favre has been Chief Financial Officer of Casino Group, a leading French retail group, since 2006. He previously held various financial and operational roles in industrial groups.
Jean-Charles Pauze, Chairman of the Management Board, declared: "I am very pleased that Michel Favre has decided to join Rexel. His dual skill-set in financial and operational matters and his experience in listed industrial and retail companies will be highly valuable assets. Michel Favre will bring a significant contribution to the development of the Group, to driving its financial performance and to the elaboration of its strategy."
Biography
Michel Favre began his career in 1983 with Banques Populaires as an inspector. In 1988, after 2 years spent in consulting, he joined the Valeo Group, successively heading Financial Control of several business units, before being promoted to Vice President Finance of climate control and thermal systems divisions between 1991 and 1997. In 1997, he became General Manager of French climate control business unit and he was then promoted CEO of the lighting division in 1999. In 2001, he joined the Altadis Group as Chief Financial Officer. Since 2006, Michel Favre has been Chief Financial Officer of Casino Group. Michel Favre, aged 50, graduated from HEC.
contact:
+---------------------+ | Press | +---------------------+ | Pénélope Linage | +---------------------+ | ( +33 1 42 85 76 28| +---------------------+ | [ plinage@rexel.com ] | +---------------------+ +---------------------+
Leading distributor worldwide of electrical supplies, Rexel serves three main end markets: industrial, commercial and residential. The Group operates in 34 countries, with a network of some 2,400 sales outlets, and employs 33,000 people. Rexel's pro forma sales were 13.7 billion EUR in 2008. Its majority shareholders are an investor group led by Clayton, Dubilier & Rice, Eurazeo and Merrill Lynch Global Private Equity.
Rexel is listed on the Eurolist market of Euronext Paris (compartment A, ticker RXL, ISIN code FR0010451203). It is integrated in the following indices: NEXT 150, SBF 120, and CAC Mid 100.
For more information, you can visit the website [ www.rexel.com ]
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