FORVIA Approves Key Resolutions at Annual General Meeting
FORVIA's Successful Combined General Meeting
Today, FORVIA held a significant combined general meeting at its headquarters under the leadership of Chairman Michel de Rosen. The outcome was robust, with all resolutions presented being adopted, marking a pivotal moment for the company's governance structure.
Changes in the Board of Directors
During the meeting, advancements in the Board of Directors were a key focus. Shareholders expressed their confidence by approving several vital resolutions that will influence the company’s strategic direction.
Appointment of New Members
One important resolution was the appointment of Martin Fischer, who has been serving as Chief Executive Officer since the beginning of May 2025, as a member of the Board for a four-year term. This appointment is seen as a strategic move aimed at strengthening the leadership team's alignment with the company's vision.
Renewal of Board Memberships
Additionally, shareholders renewed the terms of Penelope Herscher, Valérie Landon, and Peugeot 1810, extending their duties on the Board for another four years. The Board now comprises 14 members, with a notable 83% being independent directors and 42% women, excluding employee representations. This diversity is a reflection of FORVIA’s commitment to inclusive governance and effective decision-making.
Auditor Appointments and Renewals
In another critical development, the General Meeting appointed PricewaterhouseCoopers Audit as the statutory auditors responsible for certifying the financial statements of FORVIA, as well as overseeing sustainability-related information certification. This appointment solidifies a commitment to financial integrity and transparency. The firm replaces Ernst & Young Audit, whose previous mandate has expired.
Continuing Partnerships
The meeting also confirmed the renewal of Forvis Mazars as a statutory auditor for a term of six years, ensuring continuity and trust in FORVIA's auditing processes, further appealing to investors and stakeholders concerned with corporate accountability.
Message from the Chairman
Chairman Michel de Rosen expressed gratitude towards the shareholders for their support, affirming the significance of their votes at this Annual General Meeting. He acknowledged the valuable contributions of departing board members Patrick Koller and Nicolas Peter, wishing them success in their future endeavors. De Rosen welcomed Lutz Meschke as a new Board member starting January 1, 2026, highlighting Meschke's extensive experience in the automotive sector as an asset for strategic leadership moving forward.
Looking Ahead: Upcoming Events
FORVIA has set the stage for future disclosures: the announcement of the first half results for 2025 is scheduled for July 28, 2025, before market opening, followed by an announcement of Q3 sales on October 20, 2025. These events are anticipated with great interest by the investment community.
Frequently Asked Questions
What were the main outcomes of FORVIA's combined general meeting?
The meeting resulted in the approval of all proposed resolutions concerning board appointments and auditor renewals.
Who was appointed as a new board member?
Martin Fischer was appointed as a board member and is currently serving as the CEO, with his term starting on May 1, 2025.
What changes occurred regarding the statutory auditors?
PricewaterhouseCoopers Audit was appointed as the statutory auditors to oversee financial statements and sustainability-related information, replacing Ernst & Young Audit.
What is the significance of the board's composition?
The board is now composed of 14 members, with a majority being independent directors and nearly half being women, reflecting FORVIA's commitment to diversity and good governance.
When will FORVIA announce its H1 results?
The company is expected to announce its H1 results on July 28, 2025, prior to the market opening.
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