A key shareholder, Francisco Manuel dos Santos, has proposed six new candidates for the Board of Directors of Jerónimo Martins for the 2025-2027 term. The nominees include Agnieszka Slomka-Golebiowska, António Domingues, Fabio Villegas, Francisco Sá Carneiro, João Vale de Almeida, and Nigyar Makhmudova.
Departing from the board are António Pedro de Carvalho Viana-Baptista, Francisco Manuel Seixas da Costa, Andrzej Szlezak, Artur Stefan Kirsten, Clara Christina Streit, and Natalia Anna Olynec.
Pedro Soares dos Santos, Elizabeth Ann Bastoni, José Soares dos Santos (representing the Sociedade Francisco Manuel dos Santos), María Ángela Holguín Cuéllar, and Sérgio Tavares Rebelo are to be reconfirmed for the board.
The board consists of a total of 11 members.
Pedro Soares dos Santos has held the position of Chairman of the Board since December 18, 2013.
The Sociedade Francisco Manuel dos Santos holds 56.14% of the group’s capital.
The general assembly of Jerónimo Martins is scheduled for April 24. On the agenda are the approval of a gross dividend payment of €0.59 per share and the election of the board for the 2025-2027 term.
In a significant agenda item, the shareholder Sociedade Francisco Manuel dos Santos calls for a vote of appreciation, recognition, and confidence for the Board of Directors and its members, especially Pedro Soares dos Santos and the Audit Committee. Additionally, the shareholder expresses gratitude to the outgoing members, acknowledging their loyalty and service to Jerónimo Martins, as stated in a communication to the Portuguese Securities Market Commission (CMVM).
The meeting will also discuss the financial accounts for 2024, including the management report, individual and consolidated accounts, corporate governance report, and other corporate and audit documents. The shareholders will deliberate on the proposed dividend distribution.
The administration intends to propose a total dividend distribution of €370.8 million, equating to a gross dividend of €0.59 per share.
Another agenda point includes general oversight of the group’s administration and fiscal performance, the determination of the remuneration policy for management bodies, and the election of the Board of Directors, Audit Committee, and the Assembly’s board for the 2025-2027 period.
The agenda also covers the election of the company’s Official Auditor for the 2025-2027 term and the Compensation Committee for the same period.
Jerónimo Martins’ profits fell by 20.8% last year compared to 2023, dropping to €599 million. During the same period, sales increased by 9.3% to €33.464 billion. Earnings before interest, taxes, depreciation, and amortization (EBITDA) rose by 2.9% to €2.232 billion.
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