Appointment of Philippe de Rovira as Chief Executive Officer of Ayvens

Core Points - Ayvens has appointed Philippe de Rovira as Chief Executive Officer, effective December 1, 2025, following the recommendation of the Nomination Committee as part of its succession planning [1] - Tim Albertsen will retire on December 1, 2025, after serving as CEO and a member of the Board of Directors, and will continue to lead until the new CEO's appointment takes effect [2] - The Board of Directors expressed gratitude to Tim Albertsen for his leadership and commitment to the PowerUp 2026 plan, which will remain unchanged until the end of 2026 [2][3] - The integration process within Ayvens is progressing as planned, with Q2 2025 financial results scheduled for release on July 31, 2025 [3] Philippe de Rovira's Background - Philippe de Rovira has extensive experience, having joined PSA Group in 1998 and held various Business and Finance positions until 2017, including leading a division focused on B2B sales and remarketing of used cars [4] - He served as Chief Financial Officer of PSA Group in 2018 and was a member of the Global Executive Committee, overseeing the remarketing of used cars [5] - In 2021, he became Chief Affiliates Officer at Stellantis, responsible for Financial Services, Parts & Services, and Circular Economy, and in 2025, he took on the role of Chief Operating Officer for Asia and Middle East/Africa [5] Company Overview - Ayvens is a leading global player in sustainable mobility, providing full-service leasing, flexible subscription services, fleet management, and multi-mobility solutions [6] - The company operates with over 14,000 employees across 41 countries, managing 3.2 million vehicles and the world's largest multi-brand electric vehicle fleet [7] - Ayvens is listed on Compartment A of Euronext Paris, with Societe Generale Group as its majority shareholder [7]