Eric Gareau Appointed as CEO of Claranova
15 Avril 2024 - 8:00AM
Business Wire
Regulatory News:
Claranova (Paris:CLA), a leading global technology company,
announces the appointment of Eric Gareau as Chief Executive
Officer, effective immediately. Mr Gareau succeeds Pierre Cesarini,
who is leaving the company.
Mr. Gareau has been the CEO of Avanquest, Claranova’s software
publishing and distribution division, since 2021. He successfully
led Avanquest’s transition to a subscription-based sales business
model, making it the single-biggest contributor to Claranova’s
operating results, and has demonstrated strong leadership
skills.
Mr. Gareau joined Claranova in 2018 when it acquired Lulu
Software (PDF), of which he was CEO since its inception in 2009. He
brings more than 25 years of experience in leadership roles in
sales and marketing of software and consumer goods. A Canadian
citizen, Mr. Gareau, 51 years old, is a graduate of Université du
Quebec in Montreal. Mr. Gareau will also remain the CEO of
Avanquest and will relocate to Paris later this year with his
family.
Marc Goldberg, Chairman of the Board of Directors, commented:
“We are delighted to welcome Eric Gareau as CEO. This is a new
beginning for Claranova. In the past few months, we have acted on
multiple fronts to address various concerns shared by our
shareholders. The company has revamped its governance, appointing
five new directors with extensive technology experience to its
six-person Board of Directors. Claranova also strengthened its
capital structure with the recent refinancing, pushing back debt
payments that were to fall due in the coming weeks. And with the
appointment of Eric Gareau, we are renewing top management with a
company insider with a strong track record in profitably managing
operations. Claranova is turning the page and can now fully focus
on further improving its performance, supported by a Board-mandated
strategic review and strategic plan that will leave no stone
unturned.”
Eric Gareau, CEO of Claranova, added: “I am honored to be
appointed as chief executive of Claranova and am excited by the
challenge of continuing and accelerating the company’s turnaround.
Claranova has many strengths on which to build, and I will bring my
longstanding experience in innovative companies to ensure that we
fulfill our mission of facilitating access to all to the best of
technology. I look forward to working together with our teams
across the Group to take Claranova to the next level and create
value for all our stakeholders.”
Financial calendar: May 7, 2024: Q3
revenue 2023-2024
About Claranova:
As a diversified global technology company, Claranova manages
and coordinates a portfolio of majority interests in digital
companies with strong growth potential. Supported by a team
combining several decades of experience in the world of technology,
Claranova has acquired a unique know-how in successfully turning
around, creating, and developing innovative companies.
Claranova has proven its capacity to turn a simple idea into a
worldwide success in just a few short years. Present in 15
countries and leveraging the technology expertise of its 800+
employees across North America and Europe, Claranova is a truly
international group, with 95% of its revenue derived from
international markets.
Claranova’s portfolio of companies is organized into three
unique technology platforms operating in all major digital sectors.
As an e-commerce leader in personalized objects, Claranova also
stands out for its technological expertise in software publishing
and the Internet of Things, through its businesses PlanetArt,
Avanquest and myDevices. These three technology platforms share a
common vision: empowering people through innovation by providing
simple and intuitive digital solutions that facilitate everyday
access to the very best of technology.
For more information on Claranova Group:
https://www.claranova.com
Disclaimer:
All statements other than statements of historical fact included
in this press release about future events are subject to (i) change
without notice and (ii) factors beyond the Company’s control.
Forward-looking statements are subject to inherent risks and
uncertainties beyond the Company’s control that could cause the
Company’s actual results or performance to be materially different
from the expected results or performance expressed or implied by
such forward-looking statements.
CODES Ticker: CLA ISIN: FR0013426004
www.claranova.com
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ANALYSTS - INVESTORS +33 1 41 27 19 74
ir@claranova.com
FINANCIAL COMMUNICATIONS +33 1 75 77 54 68
ir@claranova.com
PRESSE +33 1 53 83 96 96 claranova@brunswickgroup.com
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