Elior Group SA announced that Board of Directors approved changes in its composition following Derichebourg's acquisition of a stake in the company, which was announced May 19, 2022. In order to complete this study phase, the Board decided to combine the functions of Board Chairman and Chief Executive Officer and voted unanimously to entrust Bernard Gault with the post of Elior Group Chairman and CEO. Bernard Gault will thus ensure the continuity and success of the margin recovery plan he launched following his appointment as interim CEO on March 1, 2022.

In parallel, he will lead the strategic options review phase. Bernard Gault, who previously served as an independent member of Elior Group's Board, is unanimously recognized for his expertise in strategic and financial consulting and for his commitment with Elior's teams. Acting on a proposal by the Nominations and Compensation Committee, the Board of Directors decided to co-opt Derichebourg SA, represented by Daniel Derichebourg, and Derichebourg Environnement, represented by Françoise Mahiou, with immediate effect. They replace Sofibim (represented by Robert Zolade) and Servinvest, (represented by Sophie Javary) who have stepped down.

These co-options will be submitted to shareholders for approval at Elior Group's next Ordinary Shareholders' Meeting. The Board of Directors also acknowledged the resignation of Célia Cornu from her post as Board Censor, effective immediately. Following these decisions, the Board of Directors comprises of ten members, 50% of whom are independent (excluding employee directors) and five women.