Denis Hennequin, Chairman and CEO, has announced the creation of a new leaner Executive Committee focused on the Group’s strategic objectives. “Consolidating functions in a leaner Executive Committee with increased powers will make for greater efficiency,” said Mr. Hennequin. “Our common goal will be to increase the value and visibility of our brands,speed our development, and continue to diversify our operating structures through franchising and management contracts.”

The members of the new Executive Committee will be as follows:

• Yann Caillère, President and Chief Operating Officer.

• Grégoire Champetier, Global Chief Marketing Officer, responsible for Brand Strategy, Design

Strategy, Marketing, Distribution.

• Anne-Marie Cambourieu, Global Chief Human Resources Officer, who will also have

responsibility for Group Organization, Transformation and Sustainable Development.

• Dominique Esnault, who joins the Executive Committee as Global Chief Operations Support in

charge of Development, Franchising, Procurement, Technical Services & Design Management.

• Pascal Quint, Corporate Secretary in charge of Legal Affairs, Insurance and Risk Management,

who will be adding the Audit Department to his portfolio of responsibilities. He is also Secretary of

the Board of Directors.

• Sophie Stabile, Global Chief Financial Officer, who is now also responsible for Group Information

Systems.

• Marc Vieilledent, Global Executive Vice President Asset Management, responsible for Asset

Management & Strategy, together with Mergers – Acquisitions.