Maisons du Monde evolves its governance. Françoise Gri appointed as
Chairwoman of the Board of Directors
PRESS RELEASE
Governance
Maisons du Monde evolves its
governance
Françoise Gri appointed as Chairwoman of
the Board of Directors
NANTES – 31 May 2023, 07:00 CET – Maisons du
Monde (Euronext Paris: MDM; ISIN: FR0013153541) announces changes
within its Board of Directors, which will be subject to shareholder
vote at the upcoming Combined General Meeting on 29 June.
The Board of Directors, meeting on 30 May, has
decided, upon the recommendation of the Nomination and Compensation
Committee, to co-opt Françoise Gri as an independent director
succeeding Thierry Falque-Pierrotin following his resignation as
director and Chairman of the Board.
The Company will propose to the shareholders to
approve this co-optation at the General Meeting on 29 June and to
vote for a new mandate until the General Meeting called to approve
the financial statements as of 31 December 2026.
Additionally, the Board of Directors also
proposed the appointment of three other members to complete the
governance of Maisons du Monde:
- François-Melchior de Polignac, Chief Executive Officer of
Maisons du Monde.
- Adam Epstein, as non-independent director. Teleios Capital
Partners, reference shareholder, has appointed Sylvie Colin as new
permanent representative to replace Adam Epstein.
- Majorelle Investments, also reference shareholder, which has
appointed Anouck Duranteau-Loeper as its permanent
representative.
Lastly, the renewal of the terms of office of
two directors, Laure Hauseux and Victor Herrero, whose terms expire
at the General Meeting on 29 June 2023, will also be submitted to
shareholder vote.
The new Board of Directors will respect gender
equality with a majority of independent directors.
In this context of changes in governance, the
agreements signed in May 2022 with the two reference shareholders
have been adjusted accordingly. A summary of these amendments has
been published on the Maisons du Monde website and on the AMF
website, in accordance with regulations.
Considering these developments, the Board of Directors
reiterated its full support for the Company's strategy and
management.
Thierry Falque-Pierrotin
commented: "Last March, I presented my resignation for
personal reasons, effective at the latest before the Annual General
Meeting, while continuing to support the new Chief Executive
Officer and allowing the Board to smoothly prepare for my
succession. This has been done and I would like to express my
grateful thanks to the directors for their strong commitment by my
side under my tenure as chairman, during which I provided
assistance to the Management and all the teams at Maisons du Monde
in a complex macroeconomic environment. I wish Françoise Gri great
success in her role as Chairwoman of the Board of Directors.”
Françoise Gri declared,
"Subject to the approval of its shareholders, I am delighted to
join the Board of Directors of Maisons du Monde and to take over as
Chairwoman. I would like to thank the Board members for their
confidence. I am fully motivated by the opportunity to contribute
to writing a new chapter in supporting the strategy and development
of this wonderful company, by ensuring high-quality governance
fueled by the diversity of profiles and expertise within the
Board."
Biographies
Françoise Gri
Françoise Gri began her career with the IBM
Group, becoming President and CEO of IBM France in 2001. In 2007,
she was appointed President and CEO of Manpower's French
subsidiary, before moving to Manpower Group in 2011 as Executive
Vice President, Southern Europe. She joined Pierre & Vacances -
Center Parcs Group as CEO from 2013 to 2015. She has specific
expertise in IT and digital, as well as in business and consumer
services. Since 2015, she has been fully involved in her mandates
as an independent director, including that of Credit Agricole SA,
where she is Chairwoman of the Risk Committee until May 2023. She
is currently a member of the Boards of Directors of Française des
Jeux, WNS Services, Edenred and Berger-Levrault. Deeply committed
to corporate governance subjects, she has been a member of the
Medef ethics committee and the Haut Comité de Gouvernement
d'Entreprise (HCGE). She has published two books: Women Power,
Femme et Patron, 2012; Plaidoyer pour un emploi responsable, 2010.
Françoise Gri is a graduate of the École nationale supérieure
d'informatique et de mathématiques appliquées de Grenoble
(ENSIMAG).
François-Melchior de Polignac
François-Melchior de Polignac started his career
with L’Oréal in the Financial Control team of Lancôme Italy in
1995. After three years, he joined The Boston Consulting Group in
Paris. In 2000, he joined the Carrefour Group as a member of the
merger & acquisition team and held several operational and
functional positions in France before moving to Poland where he was
notably in charge of the supermarket business unit. In 2009, he
moved back to Paris leading a group organizational transformation
program, driving more than €2bn efficiencies. In 2011, he was
appointed CEO of Romania and then, CEO of Belgium late 2013. In
2018, he was appointed Executive Director Group merchandise, and
joined the Executive Committee of the group. Since 2020, he has
been the Executive Director and Zone CEO, in charge of Belgium,
Romania, and Poland. He graduated from HEC in 1994 and holds a
master’s degree in international relations from The University of
Cambridge.
Adam Epstein
Adam Epstein is co-founder of Teleios Capital,
an investment fund manager with offices in Zug, Switzerland, and
London, that seeks to acquire significant ownership positions in
European public companies and maximise their long-term potential by
working collaboratively with all stakeholders. Adam previously
served as investment director at IPGL Limited, and prior to that
was a partner at Audley Capital, having begun his career in
investment banking with Merrill Lynch. Adam holds an MA in
politics, philosophy and economics from Trinity College, University
of Oxford.
Teleios Capital Partners
Teleios Capital, founded in 2013, is an
independent investment firm that manages assets on behalf
ofinstitutional clients comprising endowment funds, foundations and
pension funds, as well as family offices. Teleios Capital invests
in medium-sized European listed companies through the acquisition
ofsubstantial minority stakes over the long term.
Represented by Sylvie Colin
Sylvie Colin has played a significant role in
supporting the growth of several fashion brands, primarily in the
retail sector, through different positions. She began her career
with the Etam group, where she worked in Collection Management
positions for 10 years. She then moved on to the Chantelle group,
assuming a role in Product and Communication. She subsequently
served as CEO of the Caroll brands from 2007 to 2014, Maje from
2014 to 2017, following the acquisition of the SMCP group by KKR,
and Kenzo from 2017 to 2021 within the LVMH group. In addition to
her executive roles, Sylvie Colin was a member of the Supervisory
Board of Carré Blanc for 5 years. She is also an independent
director and Chairwoman of the Remuneration Committee of Spartoo, a
European player in online shoe retail since its IPO in July
2021.Sylvie Colin is a graduate of the Ecole Supérieure de Commerce
de Tours and holds a Bachelor's degree from the Université
Paris-Sorbonne.
Majorelle Investments
Majorelle Investments is a flexible, long-term
investment company founded by Gabriel Naouri and co-controlled by
him and Apollo Hybrid Value. Its mission is to take stakes, in
France or abroad, in brands with a strong DNA and recognized for
the relevance and potential of their omnichannel positioning.
Represented by Anouck Duranteau-Loeper
Anouck Duranteau-Loeper is the Chief Executive
Officer of Isabel Marant, a French company specializing in the
creation, production, and distribution of luxury ready-to-wear
clothing and accessories. Anouck is also the President of the
Chambre Syndicale de la Mode Féminine (Chamber of the French
Federation of Haute Couture and Fashion). She began her career in
Paris at McKinsey & Company as a consultant and later joined
the LVMH group, where she worked in the group's strategy department
and then in the fashion division for 5 years. Within the LVMH
group, she joined Maison Celine in 2009 as Director of Leather
Goods and Accessories under the artistic direction of Phoebe Philo,
a period during which Celine regained growth and profitability. In
2014, she became the CEO of Paco Rabanne Fashion, a position she
held for three years before taking over as the CEO of Isabel Marant
in 2016. She graduated from the École Supérieure de Commerce de
Paris (ESCP EAP) with a major in marketing. She also received
training at the Indian Institute of Management Ahmedabad
(IIMA).
The new draft resolutions and their presentation
will be available on the Maisons du Monde website.
Financial calendar
29 June
2023
Annual General Meeting
27 July
2023
Q2 and H1 2023 financial results
26 October
2023
Q3 and 9M 2023 sales
Disclaimer: Forward Looking
Statement
This press release contains certain statements
that constitute "forward-looking statements," including but not
limited to statements that are predictions of or indicate future
events, trends, plans or objectives, based on certain assumptions
or which do not directly relate to historical or current facts.
Such forward-looking statements are based on management's current
expectations and beliefs and are subject to a number of risks and
uncertainties that could cause actual results to differ materially
from the future results expressed, forecasted or implied by such
forward- looking statements. Accordingly, no representation is made
that any of these statements or forecasts will come to pass or that
any forecast results will be achieved. Any forward-looking
statements included in this press release speak only as of the date
hereof and will not give rise to updates or revision. For a more
complete list and description of such risks and uncertainties,
refer to Maisons du Monde’s filings with the French Autorité des
marchés financiers.
About Maisons du Monde
Maisons du Monde, a uniquely positioned and
beloved brand across Europe, stands as the European leader in
inspirational and affordable home & living. It offers a wide
and constantly renewed range of furniture and home accessories
across multiple styles. Creativity, inspiration and engagement are
the brand’s core pillars. Leveraging its distinctive
direct-to-consumer omnichannel model, the company generates over
50% of its sales digitally, through its online platform and
in-store digital sales and operates 352 stores across 9 European
countries. At the end of 2020, the Group launched a curated
marketplace to complement its offering and become the reference
one-stop shop in inspirational and affordable home and living. In
November 2021, Maisons du Monde unveiled its company purpose:
“Inspiring everyone to open up to the world, to create together
unique, warm and sustainable places to live.”
corporate.maisonsdumonde.com
Contacts
Investor Relations |
Press Relations |
Carole Alexandre Tel: (+33) 6 30 85 12 78 |
Pierre Barbe Tel: (+33) 6 23 23 08 51 |
calexandre@maisonsdumonde.com |
pbarbe@maisonsdumonde.com |
- 2023 05 31 Governance_EN_FOR RELEASE
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