Elior Group’s Board of Directors approved changes in its
composition following Derichebourg’s acquisition of a stake in the
company, which was announced May 19, 2022.
- Bernard Gault is appointed Elior Group Chairman and CEO
- Gilles Cojan will stay on as a Board member
- Daniel Derichebourg, representing Derichebourg SA, and
Françoise Mahiou, representing Derichebourg Environnement, have
been co-opted as Directors. They will replace Sofibim’s
representative, Robert Zolade, and Servinvest’s representative,
Sophie Javary
- Célia Cornu, a member of Sofibim’s Strategic Commitee, has
resigned from her post as censor
Regulatory News:
The Board of Directors welcomes Derichebourg SA as Elior Group’s
(Paris:ELIOR) reference shareholder. The board believes in
this context that it is in Elior’s best interest to thoroughly
review the possible strategic options and to examine the best value
creating options for Elior Group’s shareholders.
In order to complete this study phase, the Board decided to
combine the functions of Board Chairman and Chief Executive Officer
and voted unanimously to entrust Bernard Gault with the post of
Elior Group Chairman and CEO.
Bernard Gault will thus ensure the continuity and success of the
margin recovery plan he launched following his appointment as
interim CEO on March 1, 2022. In parallel, he will lead the
strategic options review phase. Bernard Gault, who previously
served as an independent member of Elior Group’s Board, is
unanimously recognized for his expertise in strategic and financial
consulting and for his commitment with Elior’s teams.
As part of the evolution to Elior Group’s governance, the Board
of Directors also updated its bylaws (available on the Company’s
website) and adjusted the number and composition of its specialized
committees, of which there are now two: the Nominations and
Compensation Committee, and the Audit Committee.
Board member Gilles Cojan said: “I joined Elior Group in 1992
and held several positions before I was entrusted with the
chairmanship of the Board of Directors in 2017. The time has come
to pass the torch, and I am delighted that Bernard, whom I greatly
admire and trust, has accepted the nomination unanimously made by
the Board. As a Director, I intend to remain very involved in the
life of the Group.”
Bernard Gault, Chairman and CEO, said: “I am honored that the
Board of Directors has placed its trust in me. I would like to
welcome the representatives of our new reference shareholder. I
hope that they will breathe new life into our Company. On behalf of
the Group, I especially want to pay tribute to the extraordinary
entrepreneurial career of Robert Zolade, who transformed Elior into
a world leading contract caterer. He has set the standard. I would
also like to thank Gilles Cojan for his major contributions to
Elior’s successes since the Group’s creation. Thank you too to
Sophie Javary for her positive contribution to the Board, and to
Célia Cornu for her work as censor. I am fully committed to pursue
the challenge of turning around the Group’s operating
profitability, while positioning it optimally for its future
development. I know I can count on the commitment and unfailing
motivation of our teams. I applaud their commitment and their
tireless efforts.”
For information on Bernard Gault’s compensation as Chairman and
CEO, please visit the Company website:
https://www.eliorgroup.com/group/governance/board-directors
Co-option of Françoise Mahiou and Daniel Derichebourg as
Directors
Acting on a proposal by the Nominations and Compensation
Committee, the Board of Directors decided to co-opt Derichebourg
SA, represented by Daniel Derichebourg, and Derichebourg
Environnement, represented by Françoise Mahiou, with immediate
effect. They replace Sofibim (represented by Robert Zolade) and
Servinvest, (represented by Sophie Javary) who have stepped
down.
These co-options will be submitted to shareholders for approval
at Elior Group’s next Ordinary Shareholders’ Meeting.
Célia Cornu steps down as censor
The Board of Directors also acknowledged the resignation of
Célia Cornu from her post as Board Censor, effective
immediately.
Following these decisions, the Board of Directors comprises of
ten members, 50% of whom are independent (excluding employee
directors) and five women.
Biographies
Bernard Gault
Barnard Gault, 63 years old, was an Independent Director of
Elior Group since March 9, 2018, and subsequently named interim CEO
on March 1, 2022. He is a founding partner of investment firm
Barville & Co, founded in 2016, and co-founder of the financial
advisory and asset management firm Perella Weinberg Partners, which
was formed in 2006. He began his career in 1982 at Compagnie
Financière de Suez before joining Morgan Stanley in 1988, where he
was notably a Managing Director until 2006. He holds degrees from
École Centrale Paris and Institut d’Études Politiques de Paris.
Daniel Derichebourg
Daniel Derichebourg, aged 69 and a French citizen, has been
Chairman of the Board and CEO of Derichebourg SA since June 29,
2006.
A self-made man, he began his career cleaning out basements to
help his father with the family’s small scrap metal business. He
took control of the CFER company in 1996.
He oversaw the restructuring and development of Compagnie
Française des Ferrailles (which became CFF Recycling) and then that
of Derichebourg Group, following the merger with Penauille
Polyservices Group in July 2007. He oversees the Group’s major
strategic decisions.
Françoise Mahiou
Françoise Mahiou is a 58-year-old French citizen.
An engineer and HEC Executive, Françoise Mahiou is an ASC
Sciences Po Paris/IFA certified administrator and a member of the
French Institute of Directors (IFA).
As an operating partner, Françoise Mahiou advises and assists
senior management, shareholders, and their teams to help meet
operational and strategic needs that create value for the company
and its stakeholders.
Appendix 1: Board of Directors and specialized committee
members
About Elior Group
Founded in 1991, Elior Group has grown into one of the world's
leading operators in contract catering and support services and has
become a benchmark player in the business & industry,
education, health & welfare and leisure markets. With strong
positions in 5 key countries, the Group generated €3.690 billion in
revenue in fiscal 2020-2021.
Our 99,000 employees feed over 3.6 million people on a daily
basis in 22,700 restaurants on three continents and offer services
at 2,400 sites in France.
Innovation and social responsibility are at the core of our
business model. Elior Group has been a member of the United Nations
Global Compact since 2004, reaching the GC Advanced Level in
2015.
For further information please visit our website
http://www.eliorgroup.com or follow us on Twitter at:
@Elior_Group
Appendix 1
Elior Group board of directors
- Bernard Gault: director and Elior Group chairman CEO
- Rose-Marie Alves: employee director
- Gilles Auffret: independent director
- Anne Busquet: independent director
- Gilles Cojan: director
- Inès Cuatrecasas, Emesa Private Equity representative:
independent director
- Daniel Derichebourg, Derichebourg SA representative:
director
- Virginie Duperat-Vergne, FSP representative: independent
director
- Luc Lebaupin: employee director
- Françoise Mahiou, Derichebourg Environnement representative:
director
Audit committee
- Virginie Duperat-Vergne, FSP representative: independent
director
- Gilles Auffret: independent director
- Françoise Mahiou, Derichebourg Environnement representative:
director
Nominations and compensation committee
- Rose-Marie Alves: employee director
- Gilles Auffret: independent director
- Anne Busquet: independent director
- Inès Cuatrecasas, Emesa Private Equity representative:
independent director
- Daniel Derichebourg, Derichebourg SA representative:
director
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Press contact Antonia Krpina –
antonia.krpina@eliorgroup.com / +33 (0)6 21 47 88 69 Taddeo –
teamelior@taddeo.fr / +33 (0)6 48 26 21 73
Investor Relations Kimberly Stewart –
kimberly.stewart@eliorgroup.com / +33 (0)6 37 01 42 68
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