– FRANCE, Forbach – La Française de l’Énergie (EPA: LFDE), the leader in industrial ecology, today announced a change in the governance with the permanent separation of the functions of Chairman and CEO. This change was proposed by the current Chairman and CEO, Julien Moulin, and accepted by the Board of Directors.
After a first step taken ahead of its IPO in 2016 with the set-up of a board of directors mainly composed of independent and non-executive directors, this new step will make it possible to meet the most demanding criteria and best market practices when it comes to corporate governance.
Concurrent with the announcement, the Board of Directors announced the appointment of Antoine Forcinal as CEO alongside Julien Moulin taking over the position of Chairman of the Board.
About Antoine Forcinal
French and Canadian, Antoine Forcinal has held the position of Deputy Managing Director of La Française de l’Energie for 5 years. Trained as a reservoir engineer, his career began as a production engineer on hydrocarbon fields in West Africa and then in the North Sea for Perenco where he was responsible for the management of production and associated reserves of more than 250 gas wells. From 2010 to 2014, he managed gas exploration and evaluation activities in Canada (Newfoundland and Labrador, Quebec) for SCDM Energy (a private holding company of the Bouygues family) before taking up 2015 the post of Deputy Managing Director and Geosciences / Reservoir Director of Foxtrot International (a subsidiary of SCDM Energy), the leading energy company in Côte d’Ivoire. Antoine has been a member of the group’s Board of Directors for the past two years.
Julien Moulin comments: “This change is part of a continuous improvement’s process in the governance of La Francaise de l’Energie conducted with the full support of the entire Board of Directors. I am proud to see the company evolving towards an exemplary and professional dissociated governance to continue to best serve the interests of our group and its shareholders. I am also happy to remain an active Chairman and reference shareholder to continue to support the profitable and sustainable development of La Francaise de l’Energie”.
Antoine Forcinal said: “I am proud of the confidence shown in me by the Board of Directors of La Française de l’Energie and Julien Moulin, and enthusiastic at the idea of continuing to grow our company by developing its unique positioning on the energy market. I will do my utmost to carry out my duties as Chief Executive Officer and protect the interests of our group, its shareholders, its employees, and all of its stakeholders”.
With solid execution capabilities, a secure development plan, and strengthened corporate governance, La Française de l’Énergie confirms its ambition to actively participate in the ecological transition with the launch of new energy production sites in the former mining basins of France and Wallonia.
About La Française de l’Énergie
La Française de l’Energie is a Lorraine SME, the leader in industrial ecology, specializing in producing the gas present directly in the coal and the former coal mines of France and Belgium. Thanks to its recognized know-how in geology and engineering combined with its local positioning, La Française de l’Energie supplies gas, green electricity, and heat to regional players, replacing imported energy with energy local and cleaner energy. La Française de l’Energie is on a significant growth path and aims to become a major player in the energy sector in Europe. The company is labeled as a young innovative company by Bpifrance.
For more information, visit www.francaisedelenergie.fr
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