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SCOR gains shareholder approval for CEO changeover

30th June 2021 - Author: Matt Sheehan

SCOR received shareholder approval for all resolutions submitted at its General Meeting today, including for the separation of the roles of Chairman and CEO as Denis Kessler hands over his executive role to Laurent Rousseau.

SCORThe renewal of the director mandates of Denis Kessler, Bruno Pfister et Claude Tendil were approved by 91.27%, 80.95% and 76.93% of the votes respectively.

And the election of Laurent Rousseau as a director was very strongly approved by shareholders, with 99.54% of the votes.

Additionally, Patricia Lacoste and Adrien Couret were elected as new directors with 99.51% and 99.91% of the votes respectively.

During the Board of Directors’ meeting due to be held following today’s General Meeting, Kessler will be elected Chairman of the Board of Directors and Rousseau will be appointed to the CEO role.

RMS

Rousseau currently serves as  Deputy CEO of SCOR Global P&C, Chairman of SCOR Europe and member of the Group Executive Committee.

The General Meeting also approved the payment of a dividend of €1.80 per share for the 2020 financial year, with the coupon date set at July 2, 2021, and the payment date at July 6, 2021.

“This General Meeting took place for the second time in a virtual format, which nonetheless enabled us to maintain a high-quality dialogue with shareholders,” said Kessler.

“The Board of Directors welcomes the shareholders’ support for all the resolutions. This vote by our shareholders bears witness to their confidence in the Group’s new governance in terms of successfully pursuing the company’s growth, focusing on the twofold objective of profitability and solvency,” he continued.

“It validates the strategy followed for more than 18 years to raise this global reinsurance group to the highest level and to maintain its independence, which is a gauge of its success. Finally, I would like to thank all the Group’s employees, who have proved their ability to adapt throughout the current health crisis. SCOR is fully equipped and fully mobilized to use all the means at its disposal to continue to create value for its shareholders.”

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