Our Executive Board & Executive Committee

Executive Board  & Executive Committee

as of 30 June 2020

The Group’s general management is led by the Chairman CEO, who is assisted by the Executive Committee. Under his authority,  the Executive Committee implements the Group’s main policies. The Executive Board is the permanent body responsible for coordinating and leading the Group, in cooperation with the Chairman CEO, whom it assists with his responsibilities.  The Executive Board reviews all decisions related to Group affairs and submits various matters to the Board of Directors when approval is required. It steers and coordinates the major transformation projects launched recently, organises the work of the Executive Committee and defines objectives for its members, in particular by signing off the strategic plan, the budget and regular business reviews. The Executive Committee, the Group’s managing body,  has 15 members – the five members of the Executive Board as well as the Managing Directors of the main Group affiliates. They meet once per month, either at Headquarters or at an affiliate site. Under the direction of the Chairman CEO, the Committee helps to define the Group’s strategy and plays an essential coordinating role between Headquarters and the affiliates, and amongst the affiliates themselves (Brand Companies and Market Companies). The Committee is responsible for overseeing the Group’s business activities and ensuring that its main policies are applied. More specifically, the Committee analyses the performance of the Group’s business in relation to its market plan (budget and strategic plan); actively participates in setting financial and operational objectives (financial results, debt and qualitative objectives); periodically reviews the brand and market strategies; analyses performance and evaluates changes in the organisation as needed; and approves and ensures compliance with the Group’s main policies.