© LUTT Julien - TotalEnergies
Governance
The Board of Directors of TotalEnergies reaffirms its support to the Company’s multi-energy strategy and its confidence in the governance & management to continue its implementation
On the occasion of its annual strategic seminar held on September 20 & 21, 2023, TotalEnergies’ Board of Directors reviewed the Company's strategic outlook in a context of changing energy markets because of the energy transition and evolving geopolitical environment.
The Board of directors reaffirmed its support to the quality and the relevance of the strategy and considered it appropriate to ensure the continuity of the Company’s governance and leadership.
Also, the Board of Directors considers that it is highly desirable that Patrick Pouyanné, Chairman and Chief Executive Officer, continues to drive this strategy’s deployment at the helm of the Company. On the proposal of the Governance and Ethics Committee, it has therefore unanimously decided that the renewal of the mandate of Patrick Pouyanné will be proposed to the General Meeting in May 2024.
In the frame of the balanced governance implemented since 2015, it has also unanimously decided to propose the renewal of the mandate of Jacques Aschenbroich, who has held the position of Lead Independent Director since May 2023.
“TotalEnergies’ Board regularly reviews its long-term succession plans. Since 2014, Patrick has done an extraordinary job leading TotalEnergies in a complex environment, delivering outstanding financial results and engaging the Company in the energy transition quicker and stronger than its peers. The Board unanimously looks forward to his continued leadership and his strategic vision to continue TotalEnergies’ transition,” stated Jacques Aschenbroich, Lead Independent Director.
Shareholder return policy
A third interim dividend in the amount of €0.74 per share, up more than 7% year-on-year.
The Board of Directors met on October 25, 2023, under the chairmanship of Mr. Patrick Pouyanné, Chairman and Chief Executive Officer, and decided on the distribution of a third interim dividend of €0.74 per share for fiscal year 2023, an increase of 7.25% compared to the interim dividends paid for fiscal year 2022, and identical to the first and second interim dividends for 2023. This increase is in line with the 2023 shareholder return policy confirmed by the Board of Directors in February 2023. This interim dividend will be paid in cash exclusively, according to the following schedule:
| Shareholders | ADS holders* | |
|---|---|---|
| Ex-dividend date | Ex-dividend date Shareholders Ex-dividend date Shareholders March 20, 2024 |
Ex-dividend date ADS holders *Ex-dividend date ADS holders *March 18, 2024 |
| Payment date | Payment date Shareholders Payment date Shareholders April 03, 2024 |
Payment date ADS holders *Payment date ADS holders *April 15, 2024 |
* ADS = American Depositary Shares (TotalEnergies shares quoted in US Dollars on the New York stock exchange)