VINCI resigns as director of Groupe ADP
17 December 2020 - 5:45 pm - Finances - France
Xavier Huillard, Chairman and Chief Executive Officer of VINCI has tendered VINCI’s resignation from the board of directors of Groupe ADP, on which he was VINCI’s permanent representative.
VINCI’s term of office as director ended on 15 December 2020.
VINCI does not anticipate any change in its stake1 in Groupe ADP.
1Since 29 November 2013, in accordance with IAS 28, VINCI had accounted for this stake under the equity method. From 15 December 2020, the ADP shares held by VINCI will be recognised as financial assets - equity instruments, in accordance with IFRS 9.
VINCI is a global player in concessions, construction and energy businesses, employing more than 217,000 people in some 100 countries. We design, finance, build and operate infrastructure and facilities that help improve daily life and mobility for all. Because we believe in all-round performance, we are committed to operating in an environmentally, socially responsible and ethical manner. And because our projects are in the public interest, we consider that reaching out to all our stakeholders and engaging in dialogue with them is essential in the conduct of our business activities. Based on that approach, VINCI’s ambition is to create long-term value for its customers, shareholders, employees, partners and society in general.