March 30, 2022
Appointment and renewals on Edenred’s Board of Administrators to be proposed on the Common Assembly on Might 11, 2022
On the advice of the Compensation, Appointments and CSR Committee, Edenred’s Board of Administrators has authorized the checklist of administrators for appointment and renewals to be put to Edenred’s Common Assembly, which shall be held on Might 11, 2022.
Shareholders shall be requested to approve the renewals of Bertrand Dumazy, Maëlle Gavet and Jean-Romain Lhomme as administrators for additional four-year phrases, and to approve the appointment of Bernardo Sanchez Incera as director, additionally for a four-year time period.
Bertrand Dumazy, Chairman and Chief Govt Officer and a director since 2015, shall be put ahead for a brand new time period as director. A French nationwide, Bertrand Dumazy has a robust expertise in digital transformation. He additionally has in-depth information of the worldwide markets on which the Group operates and has been a key participant within the quick, far-reaching digital transformation of Edenred’s companies. His administration abilities, honed in positions at a number of world firms, proceed to be important for the Group’s improvement.
Offered that his time period of workplace is renewed by the Common Assembly, the Board of Administrators plans to verify Bertrand Dumazy’s appointment as Chairman of the Board of Administrators and Chief Govt Officer of Edenred.
Maëlle Gavet, an unbiased director since 2014 and a member of the Commitments Committee, shall be put ahead for a brand new time period as director. A French nationwide, Maëlle Gavet has intensive experience in digital platforms. She has over 15 years of expertise within the know-how and digital industries in addition to wonderful information of the US market. She brings to Edenred’s Board of Administrators her information and experience on these topics, that are completely in step with the Group’s technique.
Jean-Romain Lhomme, an unbiased director since 2013 and a member of the Audit and Dangers Committee, shall be put ahead for a brand new time period as director. A French nationwide, Jean-Romain Lhomme has developed robust abilities in funding and asset administration. He has in-depth information of Edenred’s companies and brings to the Board of Administrators his experience in asset administration and know-how investments.
Bernardo Sanchez Incera shall be put ahead for appointment as an unbiased director. A Spanish nationwide, Bernardo Sanchez Incera has worldwide administration expertise in banking, credit score, retail and different industries. He’s presently Chairman of the Board of Administrators of Coface SA. He joined Société Générale in 2009, the place he served as Deputy Chief Govt Officer from January 2010 to Might 2018. Previous to that, he was Chief Govt Officer of the Monoprix group from 2004 to 2009, Chief Govt Officer of Vivarte from 2003 to 2004, Chairman of LVMH Mode & Maroquinerie Europe from 2001 to 2003 and Worldwide Director of the Inditex group from 1999 to 2001. Bernardo Sanchez Incera was additionally Chief Govt Officer of Zara France between 1996 and 1999, after having served as Chief Govt Officer of Banca Jover Spain from 1994 to 1996 and as Director and Board member of Crédit Lyonnais in Belgium from 1992 to 1994. He started his profession as a enterprise operator and Deputy Director of the La Défense enterprise heart at Crédit Lyonnais in Paris from 1984 to 1992. A graduate of Institut d’études politiques de Paris (Sciences Po), Bernardo Sanchez Incera holds an MBA from INSEAD and a grasp’s diploma in economics.
His abilities and background in addition to his expertise within the governance of listed firms will subsequently be an asset to the Firm’s Board of Administrators.
Moreover:
- the phrases of workplace of Jean-Paul Bailly and Gabriele Galateri di Genola as unbiased administrators, held since 2010, will expire on the shut of the Common Assembly of Might 11, 2022. In view of the age restrict stipulated within the Firm’s bylaws and the lack of the standing of unbiased director as from the twelfth yr underneath the AFEP-MEDEF Code, Jean-Paul Bailly and Gabriele Galateri di Genola won’t be put ahead for renewal. The Board of Administrators extends its warmest because of them for his or her dedication and their contribution since 2010 to the work of the Board and of the committees of which they had been members;
- Edenred’s Social and Financial Council has renewed Jean-Bernard Hamel’s appointment as employee-representative director for a time period that can expire on the shut of the Common Assembly in 2026 to determine on the monetary statements for the earlier monetary yr.
If these resolutions are adopted, the Board of Administrators could have 12 members, of which two employee-representative administrators. It is going to embody 5 girls appointed by the Common Assembly (representing 50% of its shareholder-appointed members) and the proportion of unbiased administrators shall be 80% (8/10) based mostly on the calculation technique within the AFEP-MEDEF Code, which excludes employee-representative administrators.
Lastly, relating to the position of Lead Impartial Director and Vice-Chairman of the Board of Administrators, Françoise Gri will now not be thought-about unbiased as of June 2022 based mostly on the independence standards adopted by the Board of Administrators and derived from the AFEP-MEDEF Code, as she could have been a director for greater than 12 years. The Board of Administrators has subsequently determined to nominate Dominique D’Hinnin (unbiased director since 2017) to interchange her as Lead Impartial Director and Vice-Chairman of the Board of Administrators as of the shut of the Common Assembly of Might 11, 2022.
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About Edenred
Edenred is a number one digital platform for companies and funds and the on a regular basis companion for folks at work, connecting over 50 million customers and a couple of million companion retailers in 46 international locations through roughly 900,000 company shoppers. Edenred affords specific-purpose fee options for meals (corresponding to meal advantages), incentives (corresponding to reward playing cards, worker engagement platforms), mobility (corresponding to multi-energy, upkeep, toll, parking and commuter options) and company funds (corresponding to digital playing cards).
True to the Group’s goal, “Enrich connections. For good.”, these options improve customers’ well-being and buying energy. They enhance firms’ attractiveness and effectivity, and vitalize the employment market and the native financial system. In addition they foster entry to more healthy meals, extra environmentally pleasant merchandise and softer mobility.
Edenred’s 10,000 staff are dedicated to creating the world of labor a related ecosystem that’s safer, extra environment friendly and extra accountable each day.
In 2021, because of its world know-how belongings, the Group managed near €30 billion in enterprise quantity, primarily carried out through cell functions, on-line platforms and playing cards.
Edenred is listed on the Euronext Paris inventory change and included within the following indices: CAC Subsequent 20, CAC Massive 60, Euronext 100, FTSE4Good and MSCI Europe.
The logos and different emblems talked about and featured on this press launch are registered emblems of Edenred S.E., its subsidiaries or third events. They will not be used for business functions with out prior written consent from their homeowners.
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