Annual General Meeting of 16 June 2010: all resolutions approved
- The Group's corporate governance further strengthened
Seven new Directors appointed
17, 2010 -
Bull (Euronext Paris : BULL) - expert in open, flexible and secure information systems and one of Europe's leading players in the IT industry - today announces that all the resolutions put forward at its Annual General Meeting (AGM) on 16 June 2010 have been approved.
The AGM confirmed the appointment of Philippe Vannier as the new Chairman and CEO of Bull, and each of the 21 resolutions submitted for shareholder approval was passed, with a high proportion of those eligible to vote taking part (60.7%).
This will enable the Group to continue its drive to adopt the highest standards of corporate governance, to meet its commitment to accelerate its strategy of commercial growth and success, and complete the integration of Amesys. This transformation is in line with an approach focused on protecting the interests of all the Group's stakeholders, particularly minority shareholders.
To achieve this, the Group has introduced a greater diversity amongst the profiles of its Board members in terms of the range of skills represented - enhancing the Board's independence in line with AFEP-MEDEF criteria, with seven independent Directors - and will be capitalizing on their recognized experience as Directors or senior executives, as well as on their availability. The following new Directors have been appointed: Valérie Bernis, Jean Bréchon, Marc Hériard Dubreuil, Michel Paulin, Hugues de Saint Germain and Philippe Vassor. France Télécom will be represented on the Board by their nominated Director, Laurent Kocher.
Philippe Vannier, Chairman and CEO of Bull, commented: "I would like to thank the shareholders of Bull for their continued support and confidence in the business. Strengthening our corporate governance is a major step in ensuring the long-term resilience of our strategy for growth, while respecting all shareholders' interests. The Bull Group will now be able to enhance its strategy to penetrate new commercial markets and develop its horizontal business offerings. We intend to improve our Services offering and further strengthen our Product offerings based on Extreme Computing, enterprise servers, storage, infrastructure services and finally, mission-critical systems and security. Innovation - especially in the field of security - will be one of our key strengths, to ensure that Bull remains a trusted partner, actively helping our customers create value."
The definitive results of the votes on each of the resolutions can be found on the Bull Web site at www.bull.com
Investor Relations contact:
Bull: Peter Campbell: Tel: +33 (0)1 58 04 04 23 - firstname.lastname@example.org
Bull is a leader in secure mission-critical digital systems. The Group is dedicated to developing and implementing solutions where computing power and security serve to optimize its customers' information systems, to support their business.
Bull operates in high added-value markets including computer simulation, Cloud computing and 'computing power plants', outsourcing and security.
Currently Bull employs around 9,000 people across more than 50 countries, with over 700 staff totally focused on R&D. In 2011, Bull recorded revenues of 1.3 billion.
For more information visit: http://www.bull.com