Safran – AGM 28 May 2020
Governance: On November 4, 2019, Safran's Board of Directors, on the recommendation of its Appointments and Compensation Committee, selected Olivier Andriès to succeed Philippe Petitcolin as Chief Executive Officer as of January 1, 2021.
ITEMS 12 and 13: The compensation policy for 2020 presents no change compared to 2019. This compensation policy thus presents acceptable amounts and structure and we support it.
Safran designs, develops and manufactures high technology electronics through three businesses: Aerospace, Defense and Security. Aerospace includes Aerospace Propulsion (propulsion systems for commercial aircraft, military transport, training and combat aircraft, rocket engines, civil and military helicopters) and Aircraft Equipment (mechanical, hydromechanical and electromechanical equipment); Defense (optronic, avionic and electronic systems); and Security (biometric technologies for fingerprint, iris and face recognition, identity management products, access management and transaction security, including tomographic systems for detection of dangerous or illicit substances in baggage).
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