ERAMET : Léod-Paul Batolo appointed as CEO of Comilog

Paris, 5 December 2018

PRESS RELEASE

Léod-Paul Batolo appointed as CEO of Comilog

On 5 December, on the proposal of Eramet group, Comilog's Board of Directors approved the appointment of Léod-Paul Batolo as Chief Executive Officer. Mr. Batolo will replace Hervé Montegu, who will take up a new position at Eramet.

This appointment will take effect as of 1 January 2019.

Since end-2015, under the leadership of Hervé Montegu, Comilog has made a highly successful recovery, beating production records while keeping costs under control.

As a market leader with a strong financial position, Comilog is entering a new growth phase with the prospect of the Comilog 2020 project. This aims to increase the company's ore production by more than 30% and the investment decision is scheduled for first-half 2019.

This project will benefit from Léod-Paul Batolo's successful experience within the Eramet group; Mr. Batolo has a solid technical background, the required level for the highest international standards and the managerial experience needed to manage Comilog.

In an increasingly competitive international environment, Comilog will also be able to rely on the long-standing support of its shareholders, stable governance, agile executive leadership capable of meeting the sector's challenges and pursuing firm cooperation with all stakeholders.

Commenting on this, Christel Bories, Eramet Chairman and CEO said: "Eramet's growth strategy is based on strong managerial vision. I would like to personally thank Hervé Montegu for the job he has done resulting in a sustainable recovery for Comilog. I would also like to wish Léod-Paul Batolo every success in his future position. Comilog has all the success factors needed to grow and prepare for the next decade."

ABOUT ERAMET

Eramet is one of the world's leading producers of:

Manganese and nickel, used to improve the properties of steels, and mineral sands (titanium dioxide and zircon),

Parts and semi-finished products in alloys and high-performance special steels used by industries such as aerospace, power generation, and tooling.

Eramet is also developing activities with strong growth potential, such as lithium extraction and recycling, called to play a key role in the energy transition and the mobility of the future.

The Group employs around 12,600 people in 20 countries.

CONTACT

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Marie Artzner

T. +33 1 53 70 74 31 | M. +33 6 75 74 31 73martzner@image7.fr

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