Following the sudden death of Mr. Pierre Bonelli, Chairman and Chief Executive Officer of Bull, the Company's Board of Directors met
Paris,
April
1, 2004 -
Following the sudden death of Mr. Pierre Bonelli, Chairman and Chief Executive Officer of Bull, the Company's Board of Directors met and decided:
- to appoint Gervais Pellissier, Board member, as acting Chairman of the Board of Directors,
- to confirm the appointment of Gervais Pellissier in his functions as Managing Director with all powers to represent and act in the name of the Company
- to entrust Didier Pineau-Valencienne, Board member, with a specific task to carry out the recapitalisation plan with Mr. Pellissier
- to appoint Gilles Cosson as a member of the Board for the seat left vacant by Mr. Bonelli
These measures were adopted with effect until the Board Meeting to follow Bull's Ordinary and Extraordinary Shareholders Meeting, to be held on May 25, 2004. At that time, it is foreseen that Mr. Pineau-Valencienne would be named Chairman of Bull's Board of Directors, after some necessary modifications of the Company's statutes.
All members of the Board reiterated their will to continue with the recapitalisation plan in accordance with the measures decided at the Board meetings of November 20, 2003, and March 31, 2004.
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