Latest news with #FlorentMenegaux
Yahoo
16-05-2025
- Automotive
- Yahoo
Michelin: Annual Shareholders Meeting of May 16, 2024
Clermont-Ferrand – May 16, 2025 COMPAGNIE GÉNÉRALE DES ÉTABLISSEMENTS MICHELIN Annual Shareholders Meeting of May 16, 2025 The Annual Shareholders Meeting of the Michelin Group was held today in Clermont-Ferrand under the chairmanship of Florent Menegaux, Managing Chairman. The event was webcast live on the Company's website All of the resolutions submitted for shareholder approval were adopted, including, in particular: the payment of a dividend of €1.38 per share, payable in cash as from May 23, 2025; the re-election to the Supervisory Board of Wolf-Henning Scheider, who was also re-appointed by the Board to the Audit and Corporate Social Responsibility Committees, of which he was already a member; and the 2024 compensation packages and 2025 compensation policy for the Managers and members of the Supervisory Board. At the 2025 Annual Shareholders Meeting, Florent Menegaux spoke of the Company's need for agility in the face of recent crises and the importance of the "Michelin in Motion 2030" strategy for anticipating and absorbing shocks. He highlighted the transformations needed to prepare Michelin for the decades ahead, focusing on employee development, customer experience, innovation, data use, agile operating methods, and protecting the planet. The innovation power of the Michelin Group was demonstrated in various ways during the meeting. A preview presentation was given on the new MICHELIN CrossClimate 3 and MICHELIN CrossClimate 3 Sport tires, which show how the Group continues to rise to technological challenges. Shareholders were able to learn about the scope of activities of the Manufacture des Talents, a concrete example of the Group's social innovation work. Serving as a major university for over 130,000 students in Clermont-Ferrand, the campus is open to Michelin employees as well as employees from other companies and public organizations. Shareholders then attended a presentation on an airless tire, an innovation-packed solution capable of withstanding extreme conditions and designed to fit out a lunar roving vehicle as part of NASA's ARTEMIS program. Lastly, Florent Menegaux concluded the Annual Meeting by looking back at the deployment of the "Michelin in Motion 2030" strategy, reviewing the progress made in 2024: « Our "Michelin in Motion 2030" strategy provides us with a clear, relevant roadmap, reducing our dependence on the fluctuations of a single market. In the face of successive crises, from COVID to international instability, we are continuing to develop in the composite solutions sector, offering unique experiences for our customers while also transforming the Group to prepare for the future. The Manufacture des Talents illustrates our ambition to develop employees, and our obsession with customer experience remains central to our value creation strategy. Lastly, Michelin's capacity for innovation continues to be deployed in many areas, with more than 10 new product ranges launched and 245 patents filed last year, demonstrating the commitment of the Group and its teams to offering ever more proactive, innovative solutions ».For more information, you can find vote totals on the resolutions, answers to written questions, and a webcast of the entire Annual Meeting on the corporate website Investor calendar May 21, 2025 Ex-dividend date May 23, 2025 Dividend payment date July 24, 2025 First-half 2025 results October 22, 2025 Quarterly information for the nine months ending September 30, 2025 Contacts Investor Relationsinvestor-relations@ Media Relations+33 (0) 1 45 66 22 Shareholders+33 (0) 4 73 32 23 05Muriel Elisabete DISCLAIMERThis press release is not an offer to purchase or a solicitation to recommend the purchase of Michelin shares. To obtain more detailed information on Michelin, please consult the documents filed in France with the Autorité des Marchés Financiers, which are also available from the press release may contain a number of forward-looking statements. Although the Company believes that these statements are based on reasonable assumptions as at the time of publishing this document, they are by nature subject to risks and contingencies liable to translate into a difference between actual data and the forecasts made or inferred by these statements Attachment 20250516_PR AGM 2025_ENG
Yahoo
16-05-2025
- Automotive
- Yahoo
Correction: Michelin: Annual Shareholders Meeting of May 16, 2025
Clermont-Ferrand – May 16, 2025 COMPAGNIE GÉNÉRALE DES ÉTABLISSEMENTS MICHELIN Annual Shareholders Meeting of May 16, 2025 The Annual Shareholders Meeting of the Michelin Group was held today in Clermont-Ferrand under the chairmanship of Florent Menegaux, Managing Chairman. The event was webcast live on the Company's website All of the resolutions submitted for shareholder approval were adopted, including, in particular: the payment of a dividend of €1.38 per share, payable in cash as from May 23, 2025; the re-election to the Supervisory Board of Wolf-Henning Scheider, who was also re-appointed by the Board to the Audit and Corporate Social Responsibility Committees, of which he was already a member; and the 2024 compensation packages and 2025 compensation policy for the Managers and members of the Supervisory Board. At the 2025 Annual Shareholders Meeting, Florent Menegaux spoke of the Company's need for agility in the face of recent crises and the importance of the "Michelin in Motion 2030" strategy for anticipating and absorbing shocks. He highlighted the transformations needed to prepare Michelin for the decades ahead, focusing on employee development, customer experience, innovation, data use, agile operating methods, and protecting the planet. The innovation power of the Michelin Group was demonstrated in various ways during the meeting. A preview presentation was given on the new MICHELIN CrossClimate 3 and MICHELIN CrossClimate 3 Sport tires, which show how the Group continues to rise to technological challenges. Shareholders were able to learn about the scope of activities of the Manufacture des Talents, a concrete example of the Group's social innovation work. Serving as a major university for over 130,000 students in Clermont-Ferrand, the campus is open to Michelin employees as well as employees from other companies and public organizations. Shareholders then attended a presentation on an airless tire, an innovation-packed solution capable of withstanding extreme conditions and designed to fit out a lunar roving vehicle as part of NASA's ARTEMIS program. Lastly, Florent Menegaux concluded the Annual Meeting by looking back at the deployment of the "Michelin in Motion 2030" strategy, reviewing the progress made in 2024: « Our "Michelin in Motion 2030" strategy provides us with a clear, relevant roadmap, reducing our dependence on the fluctuations of a single market. In the face of successive crises, from COVID to international instability, we are continuing to develop in the composite solutions sector, offering unique experiences for our customers while also transforming the Group to prepare for the future. The Manufacture des Talents illustrates our ambition to develop employees, and our obsession with customer experience remains central to our value creation strategy. Lastly, Michelin's capacity for innovation continues to be deployed in many areas, with more than 10 new product ranges launched and 245 patents filed last year, demonstrating the commitment of the Group and its teams to offering ever more proactive, innovative solutions ».For more information, you can find vote totals on the resolutions, answers to written questions, and a webcast of the entire Annual Meeting on the corporate website Investor calendar May 21, 2025 Ex-dividend date May 23, 2025 Dividend payment date July 24, 2025 First-half 2025 results October 22, 2025 Quarterly information for the nine months ending September 30, 2025 Contacts Investor Relationsinvestor-relations@ Media Relations+33 (0) 1 45 66 22 Shareholders+33 (0) 4 73 32 23 05Muriel Elisabete DISCLAIMERThis press release is not an offer to purchase or a solicitation to recommend the purchase of Michelin shares. To obtain more detailed information on Michelin, please consult the documents filed in France with the Autorité des Marchés Financiers, which are also available from the press release may contain a number of forward-looking statements. Although the Company believes that these statements are based on reasonable assumptions as at the time of publishing this document, they are by nature subject to risks and contingencies liable to translate into a difference between actual data and the forecasts made or inferred by these statements Attachment 20250516_PR AGM 2025_ENG
Yahoo
16-05-2025
- Automotive
- Yahoo
Michelin: Annual Shareholders Meeting of May 16, 2024
Clermont-Ferrand – May 16, 2025 COMPAGNIE GÉNÉRALE DES ÉTABLISSEMENTS MICHELIN Annual Shareholders Meeting of May 16, 2025 The Annual Shareholders Meeting of the Michelin Group was held today in Clermont-Ferrand under the chairmanship of Florent Menegaux, Managing Chairman. The event was webcast live on the Company's website All of the resolutions submitted for shareholder approval were adopted, including, in particular: the payment of a dividend of €1.38 per share, payable in cash as from May 23, 2025; the re-election to the Supervisory Board of Wolf-Henning Scheider, who was also re-appointed by the Board to the Audit and Corporate Social Responsibility Committees, of which he was already a member; and the 2024 compensation packages and 2025 compensation policy for the Managers and members of the Supervisory Board. At the 2025 Annual Shareholders Meeting, Florent Menegaux spoke of the Company's need for agility in the face of recent crises and the importance of the "Michelin in Motion 2030" strategy for anticipating and absorbing shocks. He highlighted the transformations needed to prepare Michelin for the decades ahead, focusing on employee development, customer experience, innovation, data use, agile operating methods, and protecting the planet. The innovation power of the Michelin Group was demonstrated in various ways during the meeting. A preview presentation was given on the new MICHELIN CrossClimate 3 and MICHELIN CrossClimate 3 Sport tires, which show how the Group continues to rise to technological challenges. Shareholders were able to learn about the scope of activities of the Manufacture des Talents, a concrete example of the Group's social innovation work. Serving as a major university for over 130,000 students in Clermont-Ferrand, the campus is open to Michelin employees as well as employees from other companies and public organizations. Shareholders then attended a presentation on an airless tire, an innovation-packed solution capable of withstanding extreme conditions and designed to fit out a lunar roving vehicle as part of NASA's ARTEMIS program. Lastly, Florent Menegaux concluded the Annual Meeting by looking back at the deployment of the "Michelin in Motion 2030" strategy, reviewing the progress made in 2024: « Our "Michelin in Motion 2030" strategy provides us with a clear, relevant roadmap, reducing our dependence on the fluctuations of a single market. In the face of successive crises, from COVID to international instability, we are continuing to develop in the composite solutions sector, offering unique experiences for our customers while also transforming the Group to prepare for the future. The Manufacture des Talents illustrates our ambition to develop employees, and our obsession with customer experience remains central to our value creation strategy. Lastly, Michelin's capacity for innovation continues to be deployed in many areas, with more than 10 new product ranges launched and 245 patents filed last year, demonstrating the commitment of the Group and its teams to offering ever more proactive, innovative solutions ».For more information, you can find vote totals on the resolutions, answers to written questions, and a webcast of the entire Annual Meeting on the corporate website Investor calendar May 21, 2025 Ex-dividend date May 23, 2025 Dividend payment date July 24, 2025 First-half 2025 results October 22, 2025 Quarterly information for the nine months ending September 30, 2025 Contacts Investor Relationsinvestor-relations@ Media Relations+33 (0) 1 45 66 22 Shareholders+33 (0) 4 73 32 23 05Muriel Elisabete DISCLAIMERThis press release is not an offer to purchase or a solicitation to recommend the purchase of Michelin shares. To obtain more detailed information on Michelin, please consult the documents filed in France with the Autorité des Marchés Financiers, which are also available from the press release may contain a number of forward-looking statements. Although the Company believes that these statements are based on reasonable assumptions as at the time of publishing this document, they are by nature subject to risks and contingencies liable to translate into a difference between actual data and the forecasts made or inferred by these statements Attachment 20250516_PR AGM 2025_ENGSign in to access your portfolio
BBC News
12-05-2025
- Science
- BBC News
Moon missions: How to avoid a puncture on the Moon
Going back to the Moon after half a century, and then to Mars, literally means reinventing the all, Mars is a long way to come back if you get a flat."One thing you cannot have is a puncture," says Florent Menegaux, chief executive of the French tyre-maker tough conditions on Mars have been underlined by the experience of the unmanned Curiosity a year after landing in 2012, its six rigid aluminium tyres were visibly ripped through with punctures and for the Moon, the US Artemis missions aim to return astronauts there, perhaps by Artemis missions plan to use a lunar rover to explore the Moon's south pole starting with Artemis V, currently scheduled for Artemis astronauts will be driving much further than their Apollo forebears, who in six landings between 1969 and 1972 never ventured more than 25 miles (40km) across the Moon's surface."The target is to cover 10,000 kilometres in 10 years," says Sylvain Barthet, who runs Michelin's lunar airless wheel programme in the central French town of Clermont Ferrand."We're not talking about short, week-long durations, we're talking about decades of utilisation," says Dr Santo Padula, who has a PhD in materials science, and works for Nasa as an engineer at the John Glenn Research Centre in Cleveland, Ohio. One big challenge for anyone developing technology for the Moon are the huge temperature the lunar poles temperatures can plunge lower than -230C, that's not far off absolute zero, where atoms stop moving. And that's a problem for tyres."Without atom motion you have a hard time having the material be able to deform and return," says Dr tyres need to be able to deform as they go over rocks and then ping back to their original shape."If we permanently deform a tyre, it doesn't roll efficiently, and we have issues with power loss," says Dr new wheels will also carry much bigger loads than the lightweight rovers Apollo astronauts cruised around next space missions will need to drive round "bigger science platforms and mobile habitats that get larger and larger", he that will be an even heftier problem on Mars, where gravity is double that on the Moon. Apollo's lunar rovers used tyres made from zinc-coated piano wire in a woven mesh, with a range of around 21 extreme temperatures and cosmic rays break down rubber or turn it to a brittle glass, metal alloys and high-performance plastic are chief contenders for airless space tyres."In general, metallic or carbon fibre-based materials are used for these wheels," says Pietro Baglion, team leader of the European Space Agency's (ESA) Rosalind Franklin Mission, which aims to send its own rover to Mars by promising material is nitinol, an alloy of nickel and titanium."Fuse these and it makes a rubber-acting metal that can bend all these different ways, and it will always stretch back to its original shape, says Earl Patrick Cole, chief executive of The Smart Tire calls nitinol's flexible properties "one of the craziest things you will ever see".Nitinol is a potentially "revolutionary" material says Dr Padula, because the alloy also absorbs and releases energy as it changes states. It may even have solutions to heating and refrigeration, he Mr Barthet at Michelin thinks that a material closer to a high-performance plastic will be more suitable for tyres that need to cover long distances on the Moon. Bridgestone has meanwhile taken a bio-mimicry approach, by making a model of the footpads of have soft, fatty footpads that disperse their weight on to a wider surface area, keeping their feet from sinking into loose sandy by that, Bridgestone is using a felt-like material for its tread, while the wheel comprises thin metal spokes that can flexing divides the lunar module's weight into a larger contact area, so it can drive without getting stuck in the fragments of rock and dust on the Moon's and Bridgestone are each part of different consortiums that, along with California's Venturi Astrolab, are presenting their proposed tyre tech to Nasa at the John Glenn Centre this month (May).Nasa is expected to make a decision later this year - it might choose one proposal or adopt elements of several of Michelin is testing its tyres by driving a sample rover around on a volcano near Clermont, whose powdery terrain resembles the Moon's is doing the same on western Japan's Tottori Sand is also exploring the possibility of whether Europe might make a rover on its own for other missions, says Mr Barthet. The work might have some useful applications here on working on his doctorate at the University of Southern California, Dr Cole joined a Nasa entrepreneurial programme to work on commercialising some of the technology from the Mars super-elastic rover early product this year will be nickel-titanium bicycle around $150 (£120) each, the tyres are much more expensive than regular ones, but would be extremely durable. He also plans to work this year on durable tyres for motorbikes, aimed at areas with rough roads. For all this, his "dream" remains to play a part in humanity's return to the Moon."So, I can tell my kids, look up there on the Moon," he says. "Daddy's tyres are up there."
Forbes
12-04-2025
- Automotive
- Forbes
Michelin's Next Tire Race Win Could Be To The Moon
Michelin is used to succeeding competitively with its tires. The company's breakthrough removable pneumatic tire was used by Charles Terront to win the world's first long-distance cycle race in 1891. But most recently Michelin has been competing in another race – to create a tire for the Artemis lunar rover. The goal here isn't to help the vehicle go faster but overcome challenges that are even greater than you find on a track. 'Today we harvest what has been seeded decades ago,' says Florent Menegaux, CEO, Michelin. 'Now, the question is what seeds we need to provide for the next generation. The lunar project is there to do that. It is there to understand what type of composite would be useful for a type of mobility that is unknown on Earth. That's why this is very important for Michelin.' Michelin isn't the only company competing to create the tires for the Artemis rover. Goodyear and Bridgestone are also in the running. None of these companies are going to be selling lunar tires by the millions. But the marketing potential from producing a tire that can prevail in the wildly variable conditions of the Moon are astronomical. Of course, without an atmosphere, the Moon isn't ideal for traditional pneumatic rubber approaches, so this is also an opportunity for companies like Michelin to develop their emerging airless technology. 'The second reason why we're developing a lunar tire is because the operating conditions on the Moon are so extreme - things we have not seen before,' says Menegaux. 'The principle of tires is that you have an envelope that encapsulates air, and air does most of the job. What we provide is just the means to manage what the air is good at doing. On the Moon, encapsulating air is not efficient, and you can't have a puncture, because the Moon is either extremely hot or extremely cold. We need to prepare wheels that would be able to operate under those conditions, plus the fact we have no road on the moon, the surface is made of dust, plus rocks. You need your vehicle to operate whatever the conditions. Developing this technology will have a lot of benefits for our day-to-day operations, tires that will be used on Earth.' To ensure its lunar tires can cope with these conditions, Michelin has been putting prototypes through extensive testing at its R&D center at Ladoux near Clermont-Ferrand. Scale versions of the designs are frozen to -200C. On the dark side of the moon or in shadow, lunar temperatures can rapidly drop to this figure. Conversely, in full sunlight things get hot fast, hitting as much as 100C. It's even possible that half a lunar vehicle could be in shade and the other half in sunlight. The basis of Michelin's lunar tire is an airless design using polyether ether ketone (PEEK) thermoplastic that has a useful operating temperature up to 250C. The material must be soft and flexible but also rigid. The plastic is a hundred times stiffer than rubber, because of course there is no air pressure to give the tire load resistance. This material will tolerate solar radiation, wide temperature ranges and regolith abrasion. The contact surface is wide like a snowshoe because the regolith is fluffy and volatile, with some steep inclines, so this will be needed to maintain traction. Michelin has recently patented the tread pattern it plans to use. The Apollo mission's rover was an incredible feat at the time. Its tires were meant to last 40km and were made with metallic mesh, but did fail at the end of the mission. In contrast, the Artemis version could be called upon to endure single journeys of this distance, and last for at least 1,000km. Energy efficiency is paramount, too, because the rover could be required to operate in darkness where there is no opportunity for a solar panel top-up of the vehicle's batteries. Michelin also uses an extinct volcano at Puys de Dôme as part of its testing process, because the surface material has similar properties to lunar regolith. This fine rocky dust is particularly problematic, because it is both soft and abrasive, without the smoothness of beach sand. Further testing will be performed at ESA's Astronaut Centre in Cologne, Germany, which will have facilities to replicate the Moon's surface with even greater fidelity. The development process of the lunar rover tire has also required innovative 3D printing techniques, which hasn't been used for this kind of application before. The tire is made of PEEK combined with materials that Michelin is keeping secret. While a lunar tire might seem like a vanity project, it fits perfectly with Michelin's strategy to diversify its business into more general composite materials. Tires are naturally composite, particularly since the advent of radials, which Michelin patented in 1946 and started to produce commercially in 1951, helping the legendary Lancia Aurelia B20 to a class win at Le Mans. The technical innovation here was how to bond metal to rubber. Michelin has made polymer composite solutions one of its four core business areas, alongside tires (of course), connected services, and lifestyle (such as the Michelin Guide). This encompasses products such as conveyor belts, which can be up to 25km long in a mining context and designed to transport up to 1,000 tons of minerals per hour. Seals are another product that relies on composites, alongside belts and hoses. For example, this would include engine timing belts or precision belts for counting banknotes. Michelin now even makes coated fabrics and films, such as materials for inflatable boats and hydrogen fuel cell membranes (in partnership with Symbio, which is the fuel cell supplier for the Extreme H racing series). But the highest profile will come from Michelin winning the bid to provide tires for the Artemis rover. 'I am absolutely convinced that when we look at the human race in space, you have plenty of opportunities,' says Menegaux. 'We know that scarcity of resources can be solved by exploiting asteroids. The question is, how do you operate on an asteroid? Because of gravity around Earth and because of the atmosphere, it is extremely costly to start exploring space and exploiting space from Earth. From the Moon, with less atmosphere, it would be less costly to start operating from there. That's why it's very important that we start building a first satellite community on the Moon, so that then we can explore space from there. That's also why we are there. Now is the time to start exploring outside the boundary of our planet. Maybe Mars next, but that's for my successor!'
