Cnova N.V. appoints new CFO

Rhea-AI Summary

Cnova N.V. has appointed Yves Trézières as the new Chief Financial Officer (CFO), effective immediately. Trézières, who previously served as Finance and Transformation Director at Cdiscount, has over 30 years of experience in senior management roles, including at Nexans. His appointment follows the departure of Maxime Dubarry, to whom the Board expressed gratitude for his contributions. Cnova, a leader in French ecommerce, serves 9.1 million active customers with a competitive product range and innovative services.

Positive

• Appointment of Yves Trézières brings 30 years of senior management experience.
• Trézières' previous role at Cdiscount suggests familiarity with the company.
• Leadership change may offer fresh perspectives in financial strategy.

Negative

• Transition period could disrupt existing financial strategies.
• Uncertainty regarding continuity in financial policies post-transition.

Cnova NV appoints CFO

October 10 2022, 18:15 CET Cnova N.V. (Euronext Paris: CNV; ISIN: NL0010949392) (“Cnova” or the “Company”) announces the appointment of Yves Trézières as CFO, effective on the date hereof.

Yves Trézières was previously Finance and Transformation Director at Cdiscount since March 2022. Prior thereto, Yves served successively in a variety of senior management roles over the past 30 years as Vice President Logistics, Information Systems, Finance, Risk, Transformation and Project at Nexans, a French listed Industrial company with 6-billion-euro revenue and a worldwide scope. Yves holds a degree in Finance, French University.

Yves Trézières will succeed Mr. Maxime Dubarry as from the date hereof. The Board of Directors would like to thank Mr. Dubarry for his contribution to the Company.

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About Cnova N.V.

Cnova N.V., the French ecommerce leader, serves 9.1 million active customers via its state-of-the-art website, Cdiscount. Cnova N.V.’s product offering provides its clients with a wide variety of very competitively priced goods, fast and customer-convenient delivery options, practical and innovative payment solutions as well as travel, entertainment and domestic energy services. Cnova N.V. is part of Groupe Casino, a global diversified retailer. Cnova N.V.'s news releases are available at www.cnova.com. Information available on, or accessible through, the sites referenced above is not part of this press release.

This press release contains regulated information (gereglementeerde informatie) within the meaning of the Dutch Financial Supervision Act (Wet op het financieel toezicht) which must be made publicly available pursuant to Dutch and French law. This press release is intended for information purposes only.

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Cnova Investor Relations Contact: investor@cnovagroup.com

Media contact: directiondelacommunication@cdiscount.com Tel: +33 6 18 33 17 86

Attachment

• 2022 10 10_PR_Cnova appoints new CFO

FAQ

Who is the new CFO of Cnova?

Yves Trézières has been appointed as the new CFO of Cnova, effective October 10, 2022.

What was Yves Trézières' role before becoming CFO?

Before his appointment, Yves Trézières was the Finance and Transformation Director at Cdiscount.

Why did Cnova appoint a new CFO?

Cnova appointed a new CFO to replace Maxime Dubarry, aiming to strengthen the financial leadership of the company.

What experience does Yves Trézières bring to Cnova?

Yves Trézières brings over 30 years of experience in senior management roles, including at Nexans and Cdiscount.