The ordinary Annual General Meeting of Lafarge shareholders, which was held in Paris on May 7, 2008 under the chairmanship of Bruno Lafont, approved the 2007 financial statements.
The Group reiterated that 2007 was another year of strong earnings growth, highlighted by the achievement of most Excellence 2008 targets a year early, the launch of the "Sustainability Ambitions 2012" road map and the announcement of the acquisition of Orascom Cement.
At the Annual General Meeting, shareholders approved a dividend payment of €4 per share, representing an increase of 33% compared with 2007. The dividend will be paid on May 26.
Three new directors were appointed at the Annual General Meeting, namely Gérald Frère, Jérôme Guiraud and Michel Rollier, to replace Alain Joly, Michael Blakenham and Jacques Lefèvre respectively.
Gérald Frère is Managing Director of Group Bruxelles Lambert.
He joined the family company, the Frère-Bourgeois Group (Belgium), in 1972. He was appointed to the Board of Directors of Group Bruxelles Lambert in 1982, became Managing Director in 1993 and has been Chairman of the Executive Committee since that time.
He is also Chairman of the Board of Directors of Compagnie Nationale à Portefeuille S.A. (CNP) and TVI S.A. (RTL Belgium). He is Regent of the National Bank of Belgium. Aged 57, he is Vice-Chairman of the Board of Directors of Pargesa Holding S.A (Switzerland), Director of Power Financial Corporation (Canada) and Suez-Tractebel S.A (Belgium).
Jérôme Guiraud is a Director of Orascom Construction Industries.
He began his career at the French Embassy in Zagreb (Croatia) before joining the internal audit department of Société Générale, l'Inspection generale, in 1986. From 1993, he was successively appointed Deputy Managing Director of the Spanish branch of Société Générale and Equity Corporate Finance co-manager for the Eastern Europe/Middle East/African region at SG Securities in London. In 2000 he became Director and CEO of National Société Générale Bank and in 2004 he was appointed Chairman of the Executive Board of Société Générale Marocaine de Banques in Casablanca. He joined Orascom in 2008.
Mr Guiraud, 47, is a graduate of the Hautes Etudes Commerciales (HEC) business school.
Michel Rollier is Managing Partner of Michelin.
He began his career in 1971 at Aussedat-Rey (International Paper Group), where he successively held the position of controller, Unit Operational Manager, Chief Financial Officer and from 1994 Deputy Managing Director. In 1996, he joined Michelin as Chief Legal Officer and Director for Financial Operations and was appointed member of the Michelin Group Executive Committee in 1999.
Mr Rollier, 63, graduated from Sciences-Po Paris and also holds a law degree.
Notes to editors
Lafarge is the world leader in building materials, with top-ranking positions in all of its businesses: Cement, Aggregates & Concrete and Gypsum. With 90,000 employees in 76 countries, Lafarge posted sales of Euros 17.6 billion and net income of Euros 1.9 billion in 2007.
Lafarge is the only company in the construction materials sector to be listed in the 2008 ‘100 Global Most Sustainable Corporations in the World'. Lafarge has been committed to sustainable development for many years, pursuing a strategy that combines industrial know-how with performance, value creation, respect for employees and local cultures, environmental protection and the conservation of natural resources and energy. To make advances in building materials, Lafarge places the customer at the heart of its concerns. It offers the construction industry and the general public innovative solutions bringing greater safety, comfort and quality to their everyday surroundings.