Saint-Gobain Seeks to Extend CEO's Contract by Four Years

France's Compagnie de Saint-Gobain S.A. (SGO.FR) said late Thursday that its board of directors will propose the extension of Chief Executive Pierre-Andre de Chalendar's contract by four years at its next shareholders' meeting.

Mr. Chalendar joined the company in 1989 as a vice president and became its chief executive in 2007.

"I am extremely honoured by the Board of Directors' renewed confidence," Mr. Chalendar said. "If our shareholders approve the decision, I will continue to work with pride and enthusiasm."

The next shareholders' meeting will be held in June 2018.

Write to Nathan Allen at

(END) Dow Jones Newswires

November 24, 2017 01:53 ET (06:53 GMT)