Orange’s Board of Directors votes to renew the mandate of Stéphane Richard

At its meeting on 20th February 2018, the Orange Group’s Board of Directors approved the renewal of Stéphane Richard’s mandate as a Board member in anticipation of his renewal as Chairman of Orange’s Board of Directors for a four-year term.

The Board was convinced by the solid results achieved by Stéphane Richard during the eight years he has spent as head of Orange. During this time, he has succeeded in restoring a positive working environment within the company and has overseen improved financial results despite strong competition in France and abroad. They also examined the development prospects as set-out by Orange’s management team, and in particular the strategic choices proposed by Stéphane Richard in terms of international development, the diversification of the Group’s activities, as well as the ongoing innovation and investment programmes both in very high-speed broadband networks and digital services. The Board members consider that these elements fully justify this renewed mark of confidence.

This resolution will be presented to shareholders for a vote at the Annual General Meeting on 4th May 2018. The full list of resolutions will be published in the French repository of official and legal publications (BALO) and on on 28th February 2018.

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Orange is one of the world’s leading telecommunications operators with sales of 41 billion euros in 2017 and 150,000 employees worldwide at 30 September 2018, including 92,000 employees in France. The Group has a total customer base of 261 million customers worldwide at 30 September 2018, including 201 million mobile customers and 20 million fixed broadband customers. The Group is present in 28 countries. Orange is also a leading provider of global IT and telecommunication services to multinational companies, under the brand Orange Business Services. In March 2015, the Group presented its new strategic plan “Essentials2020” which places customer experience at the heart of its strategy with the aim of allowing them to benefit fully from the digital universe and the power of its new generation networks.

Orange is listed on Euronext Paris (symbol ORA) and on the New York Stock Exchange (symbol ORAN).

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