LAURENT DELABARRE APPOINTED AS REXEL GROUP CHIEF FINANCIAL OFFICER & MEMBER OF THE EXECUTIVE COMMITTEE
Rexel announces the appointment of Laurent Delabarre as Group Chief Financial Officer and member of the Executive Committee.
Laurent Delabarre is thoroughly familiar with Rexel Group, having been Director of Financial Control between 2004 and 2008, and Vice-President for Finance, reporting to the Deputy CEO and Chief Financial Officer, between 2008 and 2015. In 2014, he also served for several months as acting Chief Financial Officer of Rexel's operations in the United States, in addition to his Group duties.
Since 2015, Laurent Delabarre has been Executive Director of Financial Control of Carrefour Group.
His appointment, approved by the Nomination and Compensation Committee, will be effective from Monday, May 15, 2017. On that date, Grégoire Bertrand, who has been acting Group CFO since February 2017, will resume his duties as Chief Financial Officer for Europe.
Patrick Berard, Chief Executive Officer of Rexel, declared:
«I am delighted to welcome Laurent Delabarre as Chief Financial Officer and member of Rexel's Executive Committee. Working alongside me, Laurent Delabarre will hold a key position within the Group's management team.
In addition to his financial expertise, Laurent Delabarre brings in-depth knowledge of the Group and its teams, having worked here from 2004 to 2015. His extensive experience will enable him to take up his duties rapidly and effectively and I am convinced that he will make an invaluable contribution to the implementation of the strategic plan that we presented on February 13 and which we are putting in place with determination."
Laurent Delabarre, 51, is a graduate of ESCEM and a chartered accountant.
He began his career as an auditor in 1988 with Arthur Andersen (now Ernst & Young) and was promoted to Partner in the audit and financial advisory business in 2000.
In 2004, he joined Rexel Group as Director of Financial Control and became Vice-President for Finance in 2008.
Since 2015, he has been Executive Director of Financial Control at Carrefour Group.
ABOUT REXEL GROUP
Rexel, a leader in the professional distribution of products and services for the energy world, addresses three main markets - residential, commercial and industrial. The Group supports its customers to be at their best in running their business, by providing a broad range of sustainable and innovative products, services and solutions in the field of technical supply, automation and energy management. Rexel operates through a network of some 2,000 branches in 32 countries, with more than 27,000 employees. The Group's sales were €13.2 billion in 2016.
Rexel is listed on the Eurolist market of Euronext Paris (compartment A, ticker RXL, ISIN code FR0010451203). It is included in the following indices: SBF 120, CAC Mid 100, CAC AllTrade, CAC AllShares, FTSE EuroMid, STOXX600. Rexel is also part of the following SRI indices : FTSE4Good, STOXX® (STOXX® Global ESG Impact, STOXX® Low Carbon indices Global, Europe et EURO), Ethibel Sustainability Index Excellence Europe and Dow Jones Sustainability Index Europe, in recognition of its performance in corporate social responsibility (CSR). For more information, visit Rexel's web site at www.rexel.com
FINANCIAL ANALYSTS / INVESTORS
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