Philippe Knoche to Step Down as Orano Group CEO in October

PARIS--(BUSINESS WIRE)--Regulatory News:

Philippe Knoche, Orano's Chief Executive Officer, has informed the Board of Directors that he will be stepping down from his position at the beginning of October to take up another professional project.

In a message addressed to the Group's 17,000 employees, he thanked them for "having worked together to restructure the Group, improve its performance, enabling it to secure an "Investment grade" rating for its financing. Orano has thus been able to overcome the multiple crises it has had to face. We have nurtured with success this proud cornerstone of France's industrial heritage, built up over several decades, which has now returned to the path of profitable growth".

Claude Imauven, Chairman of the Board, will work with the French government, the majority shareholder, to ensure that the succession process runs smoothly.

About Orano
As a recognized international operator in the field of nuclear materials, Orano delivers solutions to address present and future global energy and health challenges.
Its expertise and mastery of cutting-edge technologies enable Orano to offer its customers high value-added products and services throughout the entire fuel cycle.
Every day, the Orano group’s 17,000 employees draw on their skills, unwavering dedication to safety and constant quest for innovation, with the commitment to develop know-how in the transformation and control of nuclear materials, for the climate and for a healthy and resource-efficient world, now and tomorrow.
Orano, giving nuclear energy its full value.

www.orano.group