Valeo is to hold its General Shareholders Meeting behind closed doors on 25 June in the light of the coronavirus outbreak.

During the Meeting, shareholders will be asked to approve the company and consolidated financial statements for the financial year ended 31 December, 2019.

Shareholders will also be invited to vote on the ratification of the co-optation of Bpifrance Participations as independent director, represented by Stéphanie Frachet, replacing Noëlle Lenoir for the remaining term of her office, that is until the end of the General Shareholders Meeting convened to approve the financial statements for the year ending December 31, 2021.

The vote will also be for Fonds Stratégique de Participations as independent director, represented by Julie Avrane-Chopard, replacing Georges Pauget for the remaining term of his office.

The board also decided to invite the shareholders to renew Thierry Moulonguet’s, Ulrike Steinhorst’s and the Fonds Stratégique de Participations’ terms of office as directors.