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10-28-2011

Solvay: Appointment of Future Chairman

The Board of Directors of Solvay S.A. has unanimously decided to nominate Nicolas Boël as Chairman of the Board of Directors, as of 9 May 2012.

Aloïs Michielsen, who will reach the age of 70 in January 2012, leaves the Board of Directors of Solvay and the chairmanship, on 8 May 2012, at the occasion of the annual shareholders’ meeting, after 44 years at Solvay, of which four years as COO, six years as CEO and six years as Chairman of the Board of Directors.

Member of Solvay’s Board of Directors for over 13 years, Nicolas Boël who is 49 years old started his career at Belgian steel producer Usines Gustave Boël and occupied different managing functions at the steel and aluminium producer Corus in the USA, Belgium (Duffel) and France (Maubeuge). In 2004, he was promoted to the position of General Manager at Myriad, a reference in the world of coated products industry. Since 2006, he is board member and member of the nomination and remuneration committee of Belgian financial company Sofina, listed on NYSE Euronext, and board member of various other family companies.

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