SCOR: Proposed renewal of the SCOR SE Board of Directors at the Annual General Meeting of 30 April 2015

ID: 376340

Thus, following the renewals and|
appointments proposed at the Annual|
General Meeting, the Board of Directors|
of the SCOR group would be composed of|
the following thirteen directors (of|
which 11 are independent directors[1]):|
Marguerite Bérard-Andrieu, Thierry|
Derez, Peter Eckert, Kirsten Idebøen,|
Denis Kessler (Chairman and CEO), Kevin|
Knoer (employee-elected director),|
Vanessa Marquette, Jean Marc Raby,|
Augustin de Romanet, Guillaume Sarkozy|
(representing Malakoff-Médéric), Kory|
Sorenson, Claude Tendil and Fields|
Wicker-Miurin. |
|
Moreover, the Board of Directors has|
decided to appoint Kevin Knoer,|
employee-elected director, as a member|
of the Compensation and Nomination|
Committee, in accordance with the|
recommendations of the AFEP-MEDEF Code|
and with immediate effect. |
|
Claude Tendil, Chairman of the|
Compensation and Nomination Committee|
and Lead Independent Director of SCOR|
SE, comments: "In order to guide the|
renewal of the Board, the Compensation|
and Nomination Committee has defined a|
certain number of governing principles,|
including in particular: broadening the|
Board's expertise, having more female|
directors on the Board (in accordance|
with the 40% target set out by the|
AFEP-MEDEF Code and the so-called Copé-|
Zimmermann law), making the Board|
younger and maintaining its|
international nature and majority of|
independent directors. With the number|
of women on the Board rising to 5, the|
lowering of the average age of|
directors by 6 years, 6 different|
nationalities and 11 independent|
directors out of 13, the new proposed|
composition of the Board is consistent|
with these criteria. Moreover, this|
composition brings together a variety|
of first rate skills, tailored to the|
challenges faced by a global reinsurer|
like SCOR". |
|

Denis Kessler, Chairman & Chief Executive Officer of SCOR SE, comments: "The
Board of Directors has approved all of the proposals made by the Compensation
and Nomination Committee and has decided to submit these to the Annual General
Meeting of Shareholders on 30 April 2015. The proposed significant lowering of
the ages on the Board will in particular enable us to prepare for the future,
whilst gaining new skills. As Chairman of the Board, I would like to thank all
those directors whose mandates will be ending in April for their contribution
to the development and success of the Group over the last few years. I am also
delighted by Kevin Knoer's appointment to the Compensation and Nomination
Committee, which is fully in line with the Board's decision taken a few years
ago to bring an employee-elected director onto the Board, although SCOR is
bound by no obligation in this regard given the number of its employees".

*
* *

Biographies

Marguerite Bérard-Andrieu

Marguerite Bérard-Andrieu (37), a French citizen, is a graduate of the
Institut d'Etudes Politiques de Paris, of Princeton University (Woodrow Wilson
School of International and Public Affairs), and a former student at the Ecole
Nationale d'Administration (ENA). She began her career in 2004 as an auditor
at the French Treasury in the Inspection Générale des Finances. From 2007 to
2010, she was an advisor to the President of the French Republic on employment
and social affairs. From 2010 to 2012, she was the Chief of Staff of the
French Minister for social affairs. In June 2012, Marguerite Bérard-Andrieu
joined Groupe BPCE, and was appointed Deputy CEO, Member of the Management
Committee in charge of Strategy, legal affairs and compliance, and general
secretary. Since March 2013, Marguerite Bérard-Andrieu has been a member of
the French High Council of Public Finances.

Peter Eckert

Peter Eckert (70), a Swiss citizen, has international experience in risk
management, insurance and life insurance, asset management, banking and
technology. He was a member of the Group Executive Board (1991-2007) and Chief
Operating Officer (2002-2007) of Zurich Financial Services, a member of the
Swiss Federal Banking Commission EBK between 1 July 2007 and 31 December
2008, and Deputy Chairman of the Board of the new Swiss Financial Market
Supervising Authority (FINMA) from 1 January 2008 to 31 December 2008. From 1
January 2009 until 14 November 2011, he was Chairman of the bank Clariden Leu
and from 10 January 2012 until 31 March 2012, he was appointed by the FINMA as
an agent with executive authority of the insurer CPT at Berne (Switzerland).
He was first appointed a director of the Company in 2009.

Kirsten Idebøen

Kirsten Idebøen (52), a Norwegian citizen, holds an MBA in finance from George
Washington University, USA. She has been the CEO of SpareBank 1 Gruppen, part
of the SpareBank 1 Alliance - the second largest financial group in Norway -
since 2009. She began her career in SpareBank 1 Gruppen as CFO in 2002.
Idebøen previously held the position of Assistant Treasurer and later of Head
of Project Finance at the international metal-producing Norwegian company
Elkem. At the age of 29, she was hired as the CFO of A-pressen (media) and in
1994 she started working at the Schibsted Media Group, holding two leading
managerial positions within print and internet publications in the following
years. Since 2009, she has been the Chairman of the Board of SpareBank 1
Forsikring (life insurance), SpareBank 1 Skadeforsikring (non-life insurance)
and ODIN Forvaltning (mutual fund). Idebøen is a member of the Board of
Directors of Dagbladet Foundation (media) and a member of the Corporate
Assembly of Telenor Group (telecom).

Vanessa Marquette

Vanessa Marquette (43), a Belgian citizen, holds a law degree and an economic
law degree from the Université Libre de Bruxelles. She also studied law at the
University of Michigan Law School and at Davis University and Berkeley
University. She has practiced as a lawyer of the Brussels bar since 1995. She
specializes in Banking Law and Financial Law and has particular expertise in
the areas of Corporate Law, Insolvency Law and Security Interests and Private
International Law. She is the managing partner of the business law firm Simont
Braun, which she joined in 2005 after having practiced law at the Brussels'
offices of Freshfields Bruckhaus Deringer and Stibbe Simont Monahan Duhot.
Vanessa Marquette is a lecturer at the Université Libre de Bruxelles where she
teaches International Financial Law.

Augustin de Romanet

Augustin de Romanet (53), a French citizen, is a graduate of the Institut
d'Etudes Politiques in Paris and a former student of the Ecole Nationale
d'Administration. He was previously Chief Executive Officer of the Caisse des
Dépôts et Consignations, between March 2007 and March 2012, and chaired the
Strategic Investment Fund between 2009 and 2012. Prior to that, he was Deputy
Finance Director at Crédit Agricole S.A. and a member of the Executive
Committee. Before taking up that position, Mr de Romanet served as Deputy
Secretary General to the Presidency of the Republic of France, between June
2005 and October 2006, and held responsibilities in various ministerial
offices. In particular, between 2002 and 2005, he was Chief of Staff to Alain
Lambert, Minister Delegate for the Budget, Deputy Chief of Staff to Francis
Mer, Minister for the Economy, Finance and Industry, Chief of Staff to Jean-
Louis Borloo, Minister for Employment, Labour and Social Cohesion, and lastly,
Deputy Chief of Staff to Prime Minister Jean-Pierre Raffarin. Awarded the
Légion d'honneur in April 2007, Augustin de Romanet holds a number of
distinctions, notably "Capitalist of the Year" awarded by the magazine le
Nouvel Economiste in 2008 and "Financier of the Year" awarded by Minister of
the Economy in 2012.

Jean-Marc Raby

Jean-Marc Raby (56), a French citizen, holds a degree in economics was well as
an MBA from HEC. He has spent his entire professional career at the Macif
group. He became Regional Director of Macif Centre (a regional Macif entity)
in 2000, and was subsequently appointed Deputy CEO of the Macif group, in
charge of Economic Management, alongside the CEO, Roger Iseli. In 2012, he was
appointed CEO of the Macif group. In June 2014, he was appointed CEO of
Sferen.

Kory Sorenson

Kory Sorenson (46), a British citizen born in the United States, has made her
career in finance, devoting the last fifteen years exclusively to the
management of capital and risk in insurance companies and banking
institutions. More recently, she has offered consulting services in the field
of insurance. Until the end of 2010 she held the position of Managing
Director, Head of Insurance Capital Markets at Barclays Capital in London,
where her team conducted innovative transactions in capital management such as
the launch of the first private and renewable securitizations. She also
conducted mergers and acquisitions, as well as transactions in equity, hybrid
capital, debt and risk management for insurance companies. She previously led
the team in charge of the financial markets specializing in insurance at
Credit Suisse and the team in charge of debt markets in financial institutions
at Lehman Brothers for Germany, Austria and the Netherlands. She began her
career in investment banking at Morgan Stanley and in the financial sector at
Total SA. She speaks fluent French and holds a Masters from the Institut
d'Etudes Politiques de Paris, a Masters in Applied Economics from the
University of Paris Dauphine and a BA in Political Science and Econometrics
with honors from the American University in Washington DC. She was first
appointed a director of the Company in April 2013.

Fields Wicker-Miurin

Fields Wicker-Miurin (56), an American and British citizen, has degrees from
the Institut d'Etudes Politiques de Paris, the University of Virginia and the
Johns Hopkins University. Fields Wicker-Miurin began her career in banking,
before joining Strategic Planning Associates (now Oliver Wyman) as a senior
partner where she was the main advisor to Lloyd's of London. In 1994, she
became Chief Financial Officer and Director of Strategy of the London Stock
Exchange where she led the restructuring of the LSE and the London equity
markets. She was subsequently a member of the Nasdaq Technology Advisory
Council, the Panel of Experts advising the European Parliament on financial
markets harmonization, and the board of the UK Department of Business, where
she chaired the investment committee responsible for all government subsidies
to business. In 2002, she was one of the founders of Leaders' Quest, a global
social enterprise that works with leaders from all sectors of society and from
around the world interested in responsible and relevant leadership. In 2007
she was awarded the OBE - Officer of the British Empire. She is also a
director of BNP Paribas and BILT Paper, and is a member of the ministerial
board of the UK Ministry of Justice. She was first appointed a director of the
Company in April 2013.

*

********

--------------------------------------------------------------------------------

[1] As assessed by the Compensation and Nomination Committtee using the criteria
set by the Board's Internal Regulations based on the recommendations of the
AFEP-MEDEF corporate governance code of June 2013.

Forward-looking statements

SCOR does not communicate "profit forecasts" in the sense of Article 2 of (EC)
Regulation n°809/2004 of the European Commission. Thus, any forward-.looking
statements contained in this communication should not be held as corresponding
to such profit forecasts. Information in this communication may include
"forward-looking statements", including but not limited to statements that are
predictions of or indicate future events, trends, plans or objectives, based on
certain assumptions and include any statement which does not directly relate to
a historical fact or current fact. Forward-looking statements are typically
identified by words or phrases such as, without limitation, "anticipate",
"assume", "believe", "continue", "estimate", "expect", "foresee", "intend", "may
increase" and "may fluctuate" and similar expressions or by future or
conditional verbs such as, without limitations, "will", "should", "would" and
"could." Undue reliance should not be placed on such statements, because, by
their nature, they are subject to known and unknown risks, uncertainties and
other factors, which may cause actual results, on the one hand, to differ from
any results expressed or implied by the present communication, on the other
hand.
Please refer to SCOR's Document de référence filed with the AMF on 05 March
2014 under number D. 14-0117 (the "Document de référence"), for a description of
certain important factors, risks and uncertainties that may affect the business
of the SCOR Group. As a result of the extreme and unprecedented volatility and
disruption of the current global financial crisis, SCOR is exposed to
significant financial, capital market and other risks, including movements in
interest rates, credit spreads, equity prices, and currency movements, changes
in rating agency policies or practices, and the lowering or loss of financial
strength or other ratings.
The Group's financial information is prepared on the basis of IFRS and
interpretations issued and approved by the European Union. This financial
information does not constitute a set of financial statements for an interim
period as defined by IAS 34 "Interim Financial Reporting".

SCOR Press Release:
http://hugin.info/143549/R/1899632/674937.pdf

This announcement is distributed by GlobeNewswire on behalf of
GlobeNewswire clients. The owner of this announcement warrants that:
(i) the releases contained herein are protected by copyright and
other applicable laws; and
(ii) they are solely responsible for the content, accuracy and
originality of the information contained therein.

Source: Scor via GlobeNewswire
[HUG#1899632]

Weitere Infos zu dieser Pressemeldung:

http://www.scor.com/en.html

Unternehmensinformation / Kurzprofil:

RAPALA VMC CORPORATION - NOTICE TO THE ANNUAL GENERAL MEETING

Bereitgestellt von Benutzer: hugin
Datum: 05.03.2015 - 07:37 Uhr
Sprache: Deutsch
News-ID 376340
Anzahl Zeichen: 18860

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