Carrefour - 2017 Registration Document

3 CORPORATE GOVERNANCE Composition, conditions of preparation and organisation of the Board of Directors' work CARREFOUR | 2017 REGISTRATION DOCUMENT 117 Georges Ralli Vice-Chairman Independent Director Chairman of the Accounts Committee and member of the Strategic Committee Born on July 23, 1948. French. Number of Company shares owned: 5,763 Date of appointment to the Board of Directors: June 18, 2012 Date of last renewal: June 11, 2015 Term of office expires: Shareholders’ Meeting called to approve the Financial Statements for the year ended December 31, 2017 Experience and expertise Georges Ralli holds a DESS (postgraduate diploma) in banking and finance from the University of Paris V and is a graduate of Institut d’Études Politiques de Paris (economics and finance option) and Institut Commercial de Nancy. He joined Crédit Lyonnais in 1970 where he served in a number of management positions until 1981, including in the General Accounting Research department responsible for monitoring statutory ratios and consolidation procedures for the group, the Alsace Regional department for corporate customers and the Financial Affairs department responsible for the primary equity market business. In 1982, he became Secretary to the Commission for Savings Development and Protection and, from 1982 to 1985, managed the Financial Negotiations department of Crédit du Nord (primary equity and bond markets, mergers and acquisitions and proprietary investment). He joined Lazard in 1986 to develop its primary capital market business and in 1989 he moved to the Mergers and Acquisitions department. He became Managing Partner in 1993 and was appointed as co-head of mergers and acquisitions from 1999. From 2000 to 2012, Georges Ralli was Managing Director and Deputy Chairman of the Lazard LLC Executive Committee (United States), while he simultaneously headed up its French branch (Maison Française) until 2009. He oversaw the European mergers and acquisitions business division (Maison Lazard) and the European asset management and private banking business divisions (Lazard Frères Gestion and Lazard Wealth Management Europe) until 2012. Currently, he manages IPF Partners, an investment company specialised in healthcare. In 2017, he helped found LLC Real Estate Fund SCA, a property investment fund working in Luxembourg and neighbouring countries, excluding France. Georges Ralli brings to the Board of Directors the benefit of his experience as an executive and director of groups with international reach. His seasoned career in financial markets and investment banks, especially, working with distribution companies, represents a particularly valuable, independent contribution to the Board of Directors and to the specialised committees of which he is a member. Other positions held as of December 31, 2017 In France: Director, Chairman of the Audit, Risks and Sustainable ● Development Committee and member of the Appointments and Compensation Committee of Icade SA* Director of Quadrature Investment Managers ● Observer, member of the Audit Committee and Chairman ● of the Compensation Committee of Chargeurs SA* Abroad: Manager of IPF Management 1 SARL (Luxembourg) ● Manager of LLC RE Management SARL (Luxembourg) ● Manager of IPF Partners SARL (Switzerland) ● Manager of Kampos SARL (Switzerland) ● Positions held in the last five years that expired In France: Director of Chargeurs SA* (Expiry of term: 2016) ● Director of Veolia Environnement* (Expiry of term: 2016) ● Director of SILIC SA (Expiry of term: 2013) ● * Listed company.