technicolor - 2019 Universal registration document

4 CORPORATE GOVERNANCE AND COMPENSATION CORPORATE GOVERNANCE

CORPORATE GOVERNANCE 4.1 GRI [102-18] [102-22]

2019 was a year of major changes in governance. Mr. Bruce Hack, member of the Board of Directors for nine years and Chairperson of the Board since 2017, did not seek the renewal of his term of office. The Board of Directors appointed Ms. Mindy Mount as Vice Chairperson of the Board and asked the Nominations & Governance Committee to work on renewing and strengthening the Board of Directors. Considering the need for renewal and transformation of the Company, and additional business and financial skills required to strenghten the Board's capabilities, the Committee recommended 5 candidates to the Board of Directors which proposed their appointment at the 2019 Shareholders’ Meeting: Ms. Anne Bouverot, Mr. Xavier Cauchois, Mr. Dominique D’Hinnin, Ms. Christine Laurens and Mr. Brian Sullivan. Following these 5 appointments at the Shareholders’ Meeting on June 14, 2019 strongly supported by shareholders, the Board of Directors appointed Ms. Anne Bouverot as Chairperson of the Board of Director. The Board also appointed Ms. Cécile Frot-Coutaz as observer, with a view to proposing her appointment as Director at the next Shareholders’ Meeting. She was appointed as a Director at the Shareholders’ Meeting on March 23, 2020. These new Directors bring US and European Technology and Media sector expertise, strong knowledge of governance of French and global publicly listed companies and increased and broadened financial experience. On November 5, 2019, after a process driven by the Nominations & Governance Committee, the Board of Directors of Technicolor appointed Mr. Richard Moat as Chief Executive Officer in replacement of Mr. Frédéric Rose. The Board considered that Mr. Richard Moat was the right person to focus the Company towards operational excellence and value creation for all its stakeholders, considering his considerable experience as a CEO, having successfully led a number of business transformations in the telecoms and media industries.

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TECHNICOLOR UNIVERSAL REGISTRATION DOCUMENT 2019