Sodexo : Michel Landel announces his intention to retire as CEO of Sodexo in January 2018; Sodexo's Board of Directors appoints Denis Machuel as his successor
(Thomson Reuters ONE) -
Michel Landel announces his intention to retire as CEO of Sodexo in January
2018;
Sodexo's Board of Directors appoints Denis Machuel as his successor
Paris, France, May 30, 2017 - On behalf of Sodexo's Board of Directors,
Chairwoman Sophie Bellon today announced the appointment of Denis Machuel,
currently CEO of Benefits & Rewards Services and Personal & Home Services, and
Group Chief Digital Officer, to succeed Michel Landel as CEO and Chairman of the
Executive Committee in January 2018. Michel Landel has announced his intention
to retire and will step down as of the Annual General Shareholders' Meeting on
January 23, 2018. To ensure a smooth transition, Denis Machuel will become
Deputy CEO of Sodexo as of September 1, 2017. He will work alongside Michel
Landel, who retains full executive responsibility for Sodexo's strategy and
management during the period leading up to January 23, 2018. Michel Landel will
remain on the Board of Directors for the duration of his term, until January
2020.
|Sophie Bellon said: "During his tenure as CEO, Michel built on our strong
|foundations and pursued Sodexo's international development, driving the Group's
|transformation to become the world leader in Quality of Life Services. On
|behalf of the entire Sodexo community, I would like to sincerely thank Michel
|for all he has done over the past 12 years. Under his leadership the Group's
|revenues have grown by more than 70%, our operating profit has more than
|doubled and net profit more than tripled. At the same time Sodexo has elevated
|its position as a leader in corporate responsibility; the Group has been the
|top-rated company in its sector for the past 12 years in the Dow Jones
|Sustainability Index."
|
|"The Board of Directors and I are very pleased to appoint Denis Machuel to
|succeed Michel as CEO. Denis has a deep knowledge of our activities and strong
|international experience. He has successfully managed a global business to
|deliver profitable growth. His vision is aligned with Sodexo's long-term
|strategy and mission to improve Quality of Life, and he embodies the Group's
|values: Service Spirit, Team Spirit, Spirit of Progress."
Michel Landel said: "Having worked with Denis for the past ten years, both as a
member of Sodexo's Executive Committee and in a succession of expanding roles
within the business, I am confident he is the right person to take Sodexo
forward in the next phase of the company's development and to continue to grow
our business. He is a strong leader with proven experience developing a business
which is undergoing digitalization and disruption. In addition, he will be able
to count on the support of a strong, international leadership team which is
united around driving performance and identifying future growth opportunities
for the Group."
Denis Machuel said: "I am extremely honored and enthusiastic to be entrusted
with this mission. I would like to thank Sophie, Michel and the Board for their
confidence in me. Leading Sodexo's 425,000 team members to best serve our
clients and consumers around the world is an inspiring challenge."
About Sodexo
Founded in 1966 by Pierre Bellon, Sodexo is the global leader in services that
improve Quality of Life, an essential factor in individual and organizational
performance. Operating in 80 countries, Sodexo serves 75 million consumers each
day through its unique combination of On-site Services, Benefits and Rewards
Services and Personal and Home Services. Through its more than 100 services,
Sodexo provides clients an integrated offering developed over 50 years of
experience: from food services, reception, safety, maintenance and cleaning, to
facilities and equipment management; from Meal Pass, Gift Pass and Mobility Pass
benefits for employees to in-home assistance, child care centers and concierge
services. Sodexo's success and performance are founded on its independence, its
sustainable business and financial model and its ability to continuously develop
and to engage the commitment of its 425,000 employees throughout the world.
Sodexo is a member of the CAC 40 and DJSI Indices.
| Key figures (as of August 31, 2016)
| 20.2 billion euro in consolidated revenues
| 425,000 employees
| 19(th) largest employer worldwide
| 80 countries
| 75 million consumers served daily
| 17.3 billion euro in market capitalization (as of April 12, 2017)
Contacts
+-------------------------+-----------------------------+
| Media | Investors |
+-------------------------+-----------------------------+
| Laura Schalk | Virginia Jeanson |
| Tel: +33 1 57 75 85 69 | Tel: +33 1 57 75 80 56 |
| laura.schalk(at)sodexo.com | virginia.jeanson(at)sodexo.com |
| | |
| Elsa Mélique | |
| Tel: +33 1 57 75 80 21 | |
| elsa.melique(at)sodexo.com | |
+-------------------------+-----------------------------+
PR_Sodexo_Nomination Denis Machuel:
http://hugin.info/157633/R/2108505/800835.pdf
This announcement is distributed by Nasdaq Corporate Solutions on behalf of Nasdaq Corporate Solutions clients.
The issuer of this announcement warrants that they are solely responsible for the content, accuracy and originality of the information contained therein.
Source: Sodexo via GlobeNewswire
Unternehmensinformation / Kurzprofil:
Datum: 30.05.2017 - 18:03 Uhr
Sprache: Deutsch
News-ID 545258
Anzahl Zeichen: 6248
contact information:
Town:
Issy-les-Moulineaux
Kategorie:
Business News
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