PARIS--(BUSINESS WIRE)--Regulatory News:
The ESI Group’s (Paris:ESI) Board of Directors, on the recommendation of the Compensation, Nomination and Governance Committee, will propose the appointment of a new independent Board member, Mr. Yves de Balmann, at the Annual General Meeting of July 21, 2016.
Alain de Rouvray, ESI Group’s Chairman and CEO, says: “We are particularly pleased and honored to recommend the appointment of Yves de Balmann as a new independent member of our Board of Directors. Yves de Balmann is already familiar with ESI Group, having been involved with the Group as a Board member between 2001 and 2008. Former Co-Head of Deutsche Bank’s investment banking division and founder of a major private equity company, Yves de Balmann has an in-depth knowledge of the international finance sector. His experience as a member of the Boards of various prestigious companies will be particularly beneficial within the context of the Group’s numerous recent acquisitions. Furthermore, his entrepreneurial expertise and his dual citizenship (US and French) represent valuable assets that will support ESI Group’s international development. His appointment will be submitted to the Annual General Meeting of July 21, 2016 for approval.”
A graduate of Stanford University in the United States and Ecole Polytechnique in France, Yves de Balmann has extensive experience in capital markets, acquisition financing and international investment in private companies. Having begun his career at Citibank, where he was Division Executive responsible for all aspects of Interest Rate and Currency Derivatives, and Proprietary Trading in North America, in 1988 he joined Bankers Trust. When the latter merged with Deutsche Bank in 1999, Yves de Balmann was, until 2001, Co-Head of Deutsche Bank's Global Investment Bank (GIB) and a member of the Board of the Bank's Global Corporates and Institutions Division (GCI), as well as Co-Chairman and Co-CEO of Deutsche Bank Alex. Brown, the German bank’s US-based investment banking and retail brokerage business. In 2002, Yves de Balmann founded Bregal Investments, a major global private equity player of which he was Co-Chairman until 2012.
Based in California, Yves de Balmann is currently a director of Exelon Corporation (NYSE) and Conversant IP Management, where he is also non-executive Chairman, and a director of Sweetwater Spectrum, a non-profit organization.
If this resolution is adopted by the Annual General Meeting, the Board will consist of 8 members, including 5 independent members and 3 women.
You can find all of our press releases at www.esi-group.com/press
June 14, 2016 - London
June 23, 2016 - Cascais
Annual General Meeting:
July 21, 2016 – Rungis
November 18-19, 2016 - Paris
About ESI Group
ESI Group is a leading innovator in Virtual Prototyping software and services. Specialist in material physics, ESI has developed a unique proficiency in helping industrial manufacturers replace physical prototypes by virtually replicating the fabrication, assembly and testing of products in different environments. Today, coupled with Virtual Reality, animated by systems models, and benefiting from data analytics, Virtual Prototyping becomes immersive and interactive: ESI’s clients can bring their products to life, ensuring reliable performance, serviceability and maintainability. ESI solutions help world-leading OEM’s and innovative companies in making sure that their products will pass certification tests, before any physical prototype is built, and that they will deliver competitive products to their markets. ESI’s Virtual Prototyping solutions address the emerging need for products to be smart and autonomous and support industrial manufacturers in their digital transformation.
Today, ESI’s customer base spans nearly every industry sector. The company employs about 1100 high-level specialists worldwide to address the needs of customers in more than 40 countries.
ESI is listed in compartment C of NYSE Euronext Paris and is granted “Entreprise Innovante” (Innovative Company) certification since 2000 by Bpifrance. ESI is eligible for inclusion in FCPI (venture capital trusts dedicated to innovation) and PEA PME.
For further information, please visit www.esi-group.com.