The Board of Directors of Verallia have recognised the wishes of Mr Michel Giannuzzi to see an evolution of his responsibilities within the Group after approximately five years as both Chairman and Chief Executive Officer.

Effective from May 2022 Mr Giannuzzi will remain Chairman of the Board of Directors and Mr Patrice Lucas will be appointed Chief Executive Officer.

Mr Lucas will join Verallia in February 2022, as Deputy Chief Executive Officer. As Chairman, Mr Michel Giannuzzi will provide the Board and Mr Patrice Lucas with the benefit of his knowledge of strategic issues and his recognised experience in the industry, particularly in glass containers, as well as his experience in governance matters.

Mr Giannuzzi stated: “These years as Chairman and CEO have been extremely exciting and intense.

Verallia has an inspiring purpose, experienced teams and is very well positioned to continue its strategy of profitable growth, whilst accelerating its investments in sustainability.

I look forward to continuing my commitment to the leadership of the Group and will confidently hand over the CEO responsibility to Patrice Lucas. With his strong industry and international experience, Patrice Lucas will unite and lead all Verallia teams to further success.”

Mr Lucas will join Verallia after a 30-year career in the automotive sector most recently as Deputy Chief Engineering Officer of the Stellantis Group.

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Image: Verallia’s current Chairman and Chief Executive Officer Mr Michel Giannuzzi