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.
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(END) Dow Jones Newswires
November 24, 2017 01:53 ET (06:53 GMT)