Ordinary and Extraordinary Shareholders' Meeting held on May 28, 2021:Approval of the resolutions presented by the Board of Directors TOTAL SE becomes TotalEnergies SE,Patrick Pouyanné reappointed as Chairman and CEO
Paris, May 28, 2021- The Combined Shareholders' Meeting of Total SE was held on May 28, 2021 under the chairmanship of Mr. Patrick Pouyanné. The shareholders adopted all the resolutions presented by the Board of Directors. The full results of the votes as well as the presentations made to the shareholders will be made available on May 31, 2021 on the totalenergies.com website.
At the Shareholders’ Meeting, Mr. Patrick Pouyanné, Chairman and CEO, emphasized the quality of the financial results, which demonstrates the relevance of the strategic and industrial choices implemented since 2015, during the 2020 health and economic crisis. The Chairman and Chief Executive Officer also provided an update on the implementation of the Company's transformation strategy, the corporate & social responsibility policy, and the shareholder return policy. The Shareholders’ Meeting approved the distribution of a dividend of €2.64 per share for fiscal year2020.
Regarding the strategy of transforming the Company into a broad energy company, the Shareholders’ Meeting adopted almost unanimously the new name of the Company, TotalEnergies SE, which anchors the strategy in its name. In addition, the Shareholders’ Meeting issued a favorable opinion on the Company's ambition with respect to sustainable development and energy transition towards carbon neutrality and its related targets by 2030. The shareholders voted by a very large majority, more than 90% of the votes cast, in favor of the resolution proposed by the Board of Directors, thus supporting the strategy proposed by the Board of Directors.
The Shareholders’ Meeting was also an opportunity for Marie- Christine Coisne - Roquette, Lead Independent Director, to report to shareholders, on behalf of the Board of Directors, on the balanced governance of the Company, the work of its Board of Directors, and its four Committees.
The Shareholders' Meeting approved the renewal of the terms of office of Mrs. Anne-Marie Idrac and Mr. Patrick Pouyanné as Directors, as well as the appointment of Mr. Jacques Aschenbroich and Mr. Glenn Hubbard as Directors, for a period of three years. The Shareholders' Meeting also approved the various components of the remuneration of corporate officers (“mandataires sociaux”).
The Board of Directors, meeting at the end of the Shareholders' Meeting, decided unanimously to reappoint Mr. Patrick Pouyanné as Chairman and CEO for the duration of his term of office as Director.
Closing the Shareholders’ meeting, Patrick Pouyanné declared : “I would like to thank our Shareholders for their almost unanimous support on our new name, TotalEnergies, that anchors our strategy in our identity, as well as for their support by a very large majority, more than 90%, on the resolution on the Company’s ambition with respect to sustainable development and energy transition towards carbon neutrality and its related targets by 2030.
The shareholders voted by a very large majority in favor of this resolution because they perceive the real transformation process in which the company is engaged and have made this vote a support of a bold and demanding strategy.
This very strong support also means a great demand and a huge commitment for us, the women and men of TotalEnergies. This transformation into a broad energy company that places sustainable development at the heart of its strategy, its projects and its operations is a transformation that will mobilize the entire company. The reality is that TotalEnergies is becoming one of the most active players in the energy transition.”