Michelin: Annual Shareholders Meeting of May 16, 2024

Core Points - The Annual Shareholders Meeting of Michelin Group emphasized the need for agility and the importance of the "Michelin in Motion 2030" strategy to navigate recent crises and prepare for future challenges [2][6] - The meeting showcased various innovations, including the new MICHELIN CrossClimate 3 and MICHELIN CrossClimate 3 Sport tires, and an airless tire designed for NASA's ARTEMIS program [3][5] - The "Manufacture des Talents" initiative was highlighted as a significant example of social innovation, serving over 130,000 students and promoting employee development [4][6] Resolutions and Financials - All resolutions submitted for shareholder approval were adopted, including a dividend payment of €1.38 per share, effective from May 23, 2025 [9] - The re-election of Wolf-Henning Scheider to the Supervisory Board and the approval of 2024 compensation packages for management were also confirmed [9] Future Outlook - The company reported progress in its "Michelin in Motion 2030" strategy, with over 10 new product ranges launched and 245 patents filed in the previous year, indicating a strong commitment to innovation and customer experience [6]