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APPOINTMENT OF THE FUTURE CHAIRMAN OF THE BOARD OF DIRECTORS OF SOLVAY
Brussels, 27 October 2011, at 10:00 a.m. (Brussels time)
appointment of the future chairman of the Board of Directors of Solvay
The Board of Directors of Solvay S.A. announced today the following appointment
for 2012 as chairman of the Board of Directors of Solvay.
Aloïs Michielsen, who will reach the age of 70 in January 2012, leaves the Board
of Directors of Solvay S.A. and the chairmanship, on 8 May 2012, at the occasion
of the annual shareholders' meeting, after 44 years at Solvay, of which 4 years
as COO, 6 years as CEO and 6 years as Chairman of the Board of Directors.
The Board of Directors has unanimously decided to nominate Nicolas Boël as
Chairman of the Board of Directors, as of 9 May 2012, after the annual
Member of Solvay's Board of Directors for over 13 years, Nicolas Boël is 49
years old (born in 1962), is a member of the Solvay family and benefits from a
strong international and industrial background and experience. He started his
career at Belgian steel producer Usines Gustave Boël and occupied different
managing functions at the steel and aluminium producer Corus in the USA, Belgium
(Duffel) and France (Maubeuge). In 2004, he was promoted to the position of
General Manager at Myriad, a reference in the world of coated products industry.
Since 2006, he is board member and member of the nomination and remuneration
committee of Belgian financial company Sofina, listed on NYSE Euronext, and
board member of various other family companies.
He is Bachelor in Economics of Louvain University and holds an MBA from the
College of William and Mary (Virginia USA).
SOLVAY is an international chemical Group committed to sustainable development
with a clear focus on innovation and operational excellence. Its recent
acquisition of specialty chemicals company Rhodia created a much larger player
which is realizing over 90% of its sales in markets where it is among the top 3
global leaders. Solvay offers a broad range of products that contribute to
improving quality of life and its customers' performance in markets such as
consumer goods, construction, automotive, energy, water and environment, and
electronics. The Group is headquartered in Brussels, employs about 30,000 people
in 55 countries and generated EUR 12 billion in sales (pro forma) in 2010.
Solvay SA is listed on NYSE Euronext (SOLB.BE - Bloomberg: SOLB.BB - Reuters:
For further information please contact:
ERIK DE LEYE PATRICK VERELST
Corporate Press Officer Head of Investor Relations
SOLVAY S.A. SOLVAY S.A.
Tel: +32 2 264 1530 Tel. +32 2 264 1540
Press Release :
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Source: Solvay S.A. via Thomson Reuters ONE