November 28, 2008 03:04 ET

REXEL : Nicolas Lwoff to leave Rexel on February 12, 2009

PARIS--(Marketwire - November 28, 2008) - Nicolas Lwoff, Group Senior Vice-President Finance, Control and Legal Affairs, and a member of the Management Board, has decided to pursue a new career opportunity outside the Group.

Nicolas Lwoff will leave the Group after the publication of Rexel's 2008 Annual Results, on February 12th, 2009. He will remain in his position and fully carry out his duties until this date in order to guarantee a harmonious transition.

Nicolas Lwoff's successor will be appointed in due course.

Jean-Charles PAUZE, Chairman of the Management Board, declares:

"During his 6 years with Rexel, Nicolas Lwoff built a strong Finance Department and team to support the Group's development. He played a leading role in Rexel's key stock market transactions, as well as in the acquisitions we carried out and in strengthening our financial structure. I'd like to thank Nicolas for his professional qualities, his commitment and his key role as a team member of the Management Board and the Executive Committee".


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Rexel, the leading distributor worldwide of electrical supplies, serves three main end markets: industrial, commercial and residential. The Group operates in 34 countries, with a network of some 2,550 branches, and employs 34,000 people. Rexel's proforma sales were EUR 14.3 billion in 2007. Its majority shareholders are an investor group led by Clayton, Dubilier & Rice, Eurazeo and Merrill Lynch Global Private Equity.

Rexel is listed on the Eurolist market of Euronext Paris (compartment A, ticker RXL, ISIN code FR0010451203). It is integrated in the following indices: NEXT 150, SBF 120, and CAC Mid 100.

For more information, visit Rexel's web site at

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