The Shareholders' Newsletter #63

For You : Shareholder Information

FOR YOU

BOARD OF DIRECTORS

Governance

APPOINTMENT OF A NEW DIRECTOR

© Franck Parisot

At the Annual Shareholders’ Meeting on May 29, 2020, Jérôme Contamine was appointed as an independent Director for a period of three years. The Board of Directors will notably benefit from his knowledge of the energy industry and his financial expertise. After holding various positions in Finance and Exploration & Production at Elf-Aquitaine and later Total from 1988 to 2000, Jérôme Contamine served as Chief Financial Officer at Veolia from 2000 to 2009 and then Chief Financial Officer at Sanofi from 2009 to 2018.

RENEWAL OF TERMS OF OFFICE

The terms of office as Directors of Patricia Barbizet, Marie-Christine Coisne-Roquette and Mark Cutifani were renewed for three years at the Annual Shareholders’ Meeting. Marie-Christine Coisne-Roquette also took over the role of Lead Independent Director from Patricia Barbizet, who no longer qualified as an independent director after serving on the Board for 12 years.

© Didier Goupy

Patricia Barbizet

© Marco Dufour

Marie-Christine
Coisne-Roquette

© Mike Ellis Photography

Mark Cutifani


COMPENSATION OF THE CHAIRMAN AND CHIEF EXECUTIVE OFFICER AND THE DIRECTORS 

Chairman and CEO 
takes 25% Pay Cut Until End-2020 

Taking into account the economic situation and the savings plan within the company, the Chairman and Chief Executive Officer decided to set the example by proposing that the Board of Directors reduce his fixed compensation for the rest of the year by 25%, starting on May 1, 2020. Eager to contribute, the Directors also decided to waive 25% of their compensation for the rest of the year, starting from the Annual Shareholders’ Meeting on May 29, 2020.


ARTICLES OF ASSOCIATION OF TOTAL S.A. 

Conversion to a European company

© Zyberman Laurent - Total

Shareholders at the Annual Meeting of May 29, 2020 approved the conversion of Total S.A. to a European company corporate form and the corresponding amendments of its Articles of Association to adapt them to its new legal form.

The change in the company’s legal form better reflects Total’s European dimension. Its new status as a European company will ensure that Total benefits, in the eyes of its stakeholders, from the image that Europe enjoys worldwide as an economic power, a vast pool of talent, a center of excellence in technology and a leader in sustainable development. It also better reflects Total’s reality as a resolutely international group with operations in more than 130 countries and a strong European base. As of December 31, 2019, more than 70% of Total’s revenue is generated in Europe and more than 60% of its workforce is located in Europe.

Thanks to this conversion, the company will have a legal form common to all countries in the European Union. This legal form has been adopted by numerous European businesses, including companies listed on the Paris stock exchange.

The company’s registered office will remain unchanged.