D'Ieteren announced that Mr. Maurice Périer, Director since 1978 and Deputy Chairman of the Board since 1993, has reached the age limit of 75. As a result, he will resign as a Director on the date of the next Ordinary General Meeting, on 5 June 2014. By unanimous decision, the Board of Directors has decided to appoint Messr Nicolas D'Ieteren and Olivier Périer as Deputy Chairman of the Board, with effect from 5 June 2014.

Nicolas D'Ieteren and Olivier Périer represent the seventh generation of the founding family, which holds a majority stake and a majority of the voting rights in D'Ieteren SA. They have been Directors of the company since 2005. They are members of the Nomination Committee and also attend Remuneration Committee meetings as observers.

They are members of the Consultation Committee, which meets once a month with the group managing director. They are also members of the Belron Board of Directors.