CBo Territoria Announces Governance Changes and Upcoming Leadership Transition

The Board of Directors of CBo Territoria, a key real estate entity in La Réunion, convened on May 2, 2024, where they formally acknowledged the resignation of Mr. Eric Wuillai from his roles as director and Chairman. His resignation will be effective following the Annual General Meeting held today in Sainte-Marie, La Réunion. The company commended Mr. Wuillai for his dedication and significant contributions to regional development, particularly in the Beauséjour area, and wished him well in his future role at SHLMR.

Simultaneously, the Board decided to consolidate the positions of Chairman and CEO, appointing Ms. Géraldine Neyret Gleizes to the dual role starting today post-AGM. Her term is set to conclude at the 2027 Annual General Meeting. This transition ensures leadership continuity and supports the company's strategic direction. Following expected shareholder approval, the restructured Board will feature eight members, maintaining gender parity and including four independent directors along with one non-voting member.