Regarding the Formula One department, Pascal Vasselon has been promoted to a new position in North America following 10 years in the motorsport group and will take up his functions from April 2005. Mr Nick Shorrock will take over the responsibility of the Formula One department from January 2005, with Monsieur Patrick Cohen assisting him as Technical Manager.

Englishman Nick Shorrock will be responsible for Formula One operations, the performance of the Formula One department, and in particular relations with Michelin's partner teams. In addition, he will be responsible for promoting the company's position concerning the evolution of future tyre regulations, a key factor in Michelin's participation in Formula One. His experience in managing international teams within Michelin in the UK, Japan and France will be a key asset in this function.

Monsieur Patrick Cohen has vast experience within Michelin's Technology Centre. A Doctor of macromolecular chemistry, he has held various important positions in the field of materials - including some destined for competition use
- in tyre casing design and tyre development, and in the field of vehicle/tyre dynamics. He will help forge even closer links between the innovations made in Formula One and the other activities of the Technology Centre, bearing in mind that motorsport is a formidable test and research platform for enriching the Group's pool of technical knowledge for its commercial products.

Commenting on the recent decisions, Motorsport Director Pierre Dupasquier said: "I am very happy to see that we are putting teams into place early enough to whom I can pass the torch, therefore guaranteeing the quality of service that we owe all our partners and the continuity of Michelin in racing."