PR Newswire/Les Echos/
Sèvres, December 2, 2013
Richard Bielle replaces Alain Viry as Chairman of the CFAO Management Board
The Supervisory Board of CFAO, chaired by Mr. Jean-Charles Pauze, met today and
unanimously decided to appoint Mr. Richard Bielle as member and chairman of the
Management Board of CFAO in replacement of Mr. Alain Viry. The evolution of the
market and the future development of the Company require indeed a leader having
both the expertise and a deep knowledge of the CFAO group.
In order to achieve a smooth transition, Mr. Alain Viry will continue to serve
as chairman of the Management Board until December 16, 2013, on which date he
will be succeeded by Mr. Richard Bielle.
Mr. Alain Viry has deeply contributed to the successful management of the CFAO
group during the controlling shareholder transition from Kering to Toyota
The Supervisory Board wishes every success to Mr Richard Bielle and trusts his
experience and his deep knowledge of the CFAO group to accelerate the African
multi-business strategy that has been clearly confirmed by the Supervisory
Board since CFAO joined the Toyota Tsusho Group.
Mr. Richard Bielle declared: "I will be very happy to lead again CFAO. I am
convinced that the diversity of activities of the Toyota Tsusho Group, its
long-term vision and its financial strength are additional assets to increase
the growth potential and strengthen the position of CFAO as a leading and
expanding provider of product and services in Africa".
CFAO is the foremost specialized retail brand in its main business areas -
vehicle and pharmaceuticals distribution - in Africa and the French overseas
territories. It is a leading player in these regions in the import and
distribution of vehicles and pharmaceutical products, and related logistical
services, and certain manufacturing operations and technological services. CFAO
is present in 34 countries, 31 of which are in Africa and seven in the French
overseas territories, and had a headcount of 11,400 at end-2012.
In 2012, CFAO generated consolidated revenue of EUR3,585 million and recorded
recurring operating income of EUR290.3 million.
CFAO is now a 97.81 %-owned subsidiary of TTC (Japan).
CFAO is listed on NYSE Euronext in Paris.
Find CFAO on Bloomberg: CFAO:FP and Reuters: CFAO.PA
To find out more, go to www.cfaogroup.com
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+33 1 46 23 58 80
Investor and Analyst Relations
Vice President Financial Communications and Investor Relations
+33 1 46 23 56 51
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-0- Dec/03/2013 07:53 GMT
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