Boulogne-Billancourt, 18 April 2011 – The
appointment of Mrs Anne-Marie Idrac as member of the Supervisory Board will be
submitted to the vote of Vallourec’s Annual General Shareholders’ Meeting to be
held on 7 June.
Anne-Marie Idrac is “free of interest” within
the meaning of the AFEP-MEDEF Corporate Governance code, which will bring to
eight the number of independent members of the Supervisory Board, out of a
total eleven members. She will furthermore be the fourth woman to join
Vallourec’s Supervisory Board.
Jean-Paul Parayre, Chairman of Vallourec’s
Supervisory Board, stated:
“Anne-Marie Idrac has held the highest
positions of responsibility both in the public sector and in several leading
French corporations. As the first woman to head the RATP (the Paris public
transport authority), and then the SNCF (French rail company), she has played
an extremely important role in the recent history of the French transport
industry, where she carried out a number of major reforms. Her knowledge of
industry and of international trade issues will enhance the quality of the work
and governance of the Supervisory Board. I am delighted that someone of her
calibre is to join our Supervisory Board.”
Mrs Anne-Marie Idrac
A graduate of the Ecole Nationale
d’Administration, the Institut d’Etudes Politiques (Sciences Po) and the
University of Paris II, Anne-Marie Idrac held a number of administrative roles
in the areas of the environment, housing, town planning and transport from 1974
She was appointed Minister of Transport in
1995 and elected to the French National Assembly in 1997.
She became Chairman and Chief Executive
Officer of the RATP in 2002, then Chairman of the SNCF in 2006.
Appointed Minister for Foreign Trade in 2008,
she held the position until 2010. Anne-Marie Idrac is also a Board member of
several companies and institutions, including the Fondation Robert Schuman.