AREVA launches a project to evolve its governance

At the request of its majority shareholders, the French State and the French Atomic Energy Commission (CEA), the AREVA group is initiating a project to change its governance structure.

Currently overseen by a Supervisory Board, the group is to appoint a Board of Directors to bring itself into line with the best practices in use in France and to set up a method more collaborative between that directors and the General Management of the company.

The project will be implemented during the course of 2014.

Pierre Blayau, Chairman of AREVA’s Supervisory Board, said: “The objective of this reform is to provide better support to the General Management team, with a clear sharing of roles and more collaboration between the Board of Directors and General Management. This decision aims to meet two strategic goals of the AREVA group, namely to redress its operational performance and to evolve its governance.”