Core Viewpoint - Mr. José Francisco Pérez Mackenna has resigned from his position as Director of Nexans, effective February 1, 2026, to join the Government of Chile as Minister of Foreign Affairs [1][2]. Company Overview - Nexans is a global leader in sustainable electrification, focusing on systems that support the transition to a connected, resilient, and low-carbon future [3]. - The company operates in three core business areas: PWR Transmission, PWR Grid, and PWR Connect, leveraging over 140 years of industry expertise and innovation [4]. - Nexans generated €7.1 billion in standard sales in 2024 and is committed to achieving Net-Zero emissions by 2050, in line with the Science Based Targets initiative (SBTi) [5]. Committees and Contributions - Mr. Pérez Mackenna's resignation includes his departure from several key committees: Accounts, Audit and Risk Committee, Appointments and Corporate Governance Committee, Compensation Committee, and Strategy and Sustainable Development Committee [1][2]. - The Board of Directors expressed gratitude for his contributions since his appointment in 2011 [2].

Core Insights - Nexans is executing the Great Sea Interconnector (GSI) project in accordance with its contractual obligations and established milestones since 2023 [1] - A rescheduling of activities is ongoing with the customer, which will affect the project delivery date but not Nexans' 2028 financial guidance due to a large backlog and proactive measures [2] - Nexans remains committed to the GSI project and is confident in the long-term growth prospects of its PWR-Transmission business, supported by structural trends and a robust order backlog [3] Company Overview - Nexans is a global leader in sustainable electrification, providing advanced cable solutions and services for the transition to a low-carbon future [5] - The company has over 140 years of history and operates through three core businesses: PWR Transmission, PWR Grid, and PWR Connect, focusing on innovation and energy transition [6] - Nexans operates in 41 countries with a workforce of 28,500 and generated €7.1 billion in standard sales in 2024, with a commitment to Net-Zero emissions by 2050 [7]

Core Viewpoint - Nexans is actively executing the Great Sea Interconnector project as per contractual obligations and defined milestones, despite recent rumors in Cypriot media [1][2] Group 1: Project Execution - Nexans confirms that it continues to fulfill its contractual obligations for the Great Sea Interconnector project [1] - The company has received substantial payments since the project's commencement, which have facilitated the manufacturing of the interconnector cable [2] - Nexans has eliminated any financial exposure related to potential project adjustments due to these payments [2] Group 2: Company Overview - Nexans is a global leader in sustainable electrification, focusing on systems that support the transition to a low-carbon future [3] - The company has over 140 years of history and operates through three core businesses: PWR Transmission, PWR Grid, and PWR Connect [4] - Nexans is committed to achieving Net-Zero emissions by 2050 and expanding energy access through its foundation [5] - In 2024, Nexans generated €7.1 billion in standard sales and operates in 41 countries with a workforce of 28,500 [5]

Core Insights - Nexans has appointed Vincent Piquet as Chief Financial Officer, effective January 19, 2026, who will join the Executive Committee and be based in Paris [1][4]. Group 1: Appointment Details - Vincent Piquet brings extensive experience in finance, including operational performance optimization and strategic transformation, with exposure to Board-level matters and investor relations [2]. - His career includes significant roles at Renault Group and GE, where he held various financial leadership positions across multiple countries [3]. Group 2: Company Overview - Nexans is a global leader in sustainable electrification, focusing on advanced cable solutions and services that support the transition to a low-carbon future [4][5]. - The company operates in 41 countries with a workforce of 28,500 and reported €7.1 billion in standard sales for 2024 [6]. - Nexans is committed to achieving Net-Zero emissions by 2050 and is recognized for its climate action initiatives [6].

Leadership Change - Nexans has appointed Julien Hueber as the new Chief Executive Officer, succeeding Christopher Guérin, effective immediately [1][2] - Christopher Guérin will remain available to support Julien Hueber until October 31, 2025 [1] Strategic Direction - The Board of Directors aims to create new momentum to optimize performance while executing the roadmap presented during the last Capital Market Day [2] - The succession process for the CEO role was comprehensive and aligned with the established succession plan, supported by a leading executive search firm [2] Julien Hueber's Background - Julien Hueber, 55, has been with Nexans since 2002 and is currently the Executive Managing Director of PWR Grid & Connect Europe, a business with €2.6 billion in revenue and 23 manufacturing plants [3] - He has extensive experience in supply chain and purchasing, with significant knowledge of the Asia-Pacific region, particularly China and South Korea [3] Board's Confidence - Jean Mouton, Chairman of the Board, expressed confidence in Julien Hueber's ability to lead Nexans, citing his strategic vision and operational excellence [4] - The Board believes Hueber's experience and leadership qualities make him the ideal candidate to drive the company's future strategy [4] Acknowledgment of Previous Leadership - The Board expressed deep gratitude to Christopher Guérin for his contributions over the past seven years, highlighting his role in transforming Nexans into a leader in sustainable electrification [5][6] - Guérin's leadership has restored confidence and pride within the Nexans team, leaving a lasting impact on the company [5][6] Company Overview - Nexans is a global leader in sustainable electrification, focusing on advanced cable solutions and services that support the transition to a low-carbon future [7][8] - The company operates in 41 countries, employs 28,500 people, and generated €7.1 billion in standard sales in 2024 [8]