Governance Changes at Fnac Darty After EP Group Takeover

In the wake of EP Group's successful tender offer for Fnac Darty, capturing 69.3% of the share capital, significant changes have been made to the company's governance. The Board of Directors has undergone a major reshuffle, with several directors resigning and new ones being co-opted.

Enrique Martinez has been appointed as both Chairman and CEO, a move aimed at maintaining governance continuity and effectiveness. The board now consists of nine members, of which four are independent, adhering to independence and gender diversity standards set by the AFEP-MEDEF Code.

The establishment of the RNG-CSR Committee marks a restructuring of the board's specialized committees, which also includes an Audit Committee and a Strategy Committee. Meanwhile, EP Group signals its intent to maintain Fnac Darty's Euronext Paris listing and continue its financial communication strategy.