CLERMONT-FERRAND, France (Feb. 10, 2012)—Michel Rollier, Michelin chairman and managing partner, will retire after the firm's May 11 annual shareholders meeting, and is recommending Jean-Dominique Senard, a managing partner, as his replacement
Rollier, 67, disclosed at last year's shareholders meeting his intention to retire. He has been chairman since 2006 and a managing general partner since 2005.
If shareholders agree, Senard, 59, who was elected non-general managing partner in May 2007 and managing general partner last May, will succeed Rollier as the company's chairman from May 11.
Rollier joined Michelin in 1996 as chief legal officer and director of financial operations after a long career with International Paper Group. He was given responsibility for the entire financial and legal affairs department in 1999 and elected managing general partner in May 2005, and was named the sole managing general partner in June 2006 after the accidental drowning of then-managing general partner Edouard Michelin.
Senard joined Michelin in 2005 as chief financial officer and member of the executive committee after serving financial and executive roles at Total S.A., Saint-Gobain and Pechiney S.A.
He was elected a non-general managing partner in May 2007 and managing general partner last year.