The Annual General Meeting of 20 April 2021 appointed Mr Nicolas Hieronimus as Director for a four-year term.
By decision of the Board of Directors following the 2021 Annual General Meeting, Mr Nicolas Hieronimus holds the office of Chief Executive Officer.
The Board believes that the participation of the Chief Executive Officer as a Director in the Board’s discussions is essential. Mr Nicolas Hieronimus, 57, joined L’Oréal 34 years ago and has spent all his career with the Group, in many countries and divisions.
The Annual General Meeting of 20 April 2021 appointed Mr Alexandre Ricard as Director for a four-year term.
Alexandre Ricard has served as Chairman and Chief Executive Officer of Pernod Ricard since February 2015. He will bring to the Board of Directors of L’Oréal his experience as an executive for a major international company, his strategic vision and entrepreneurial spirit.
The Board benefits from his knowledge of consumers and his marketing and digital expertise in the luxury, travel retail and mass-market retail channels, particularly in the Asian and American markets.
He also brings his deep understanding of financial and governance issues to the Board.
The Annual General Meeting of 20 April 2021 renewed the tenure as Director of Ms Françoise Bettencourt Meyers for a four-year term.
Ms Françoise Bettencourt Meyers, daughter of Liliane Bettencourt and granddaughter of the founder of L’Oréal, Eugène Schueller, has been the Chairwoman of the family-owned holding company Téthys since 31 January 2012, and is the Chairwoman of the Supervisory Board of the investment subsidiary Téthys Invest, Chairwoman of the Bettencourt Schueller Foundation, and Honorary Chairwoman of the Pour l’Audition Foundation.
Ms Françoise Bettencourt Meyers brings to the Board her strategic vision for the future growth of L’Oréal, taking into consideration the long-term interests of the Company and its shareholders. Her in-depth knowledge of the Company and the L’Oréal model that fashioned the Group’s success over the years are precious assets. She pays close attention to ensuring that social and environmental issues are at the heart of L’Oréal’s commitments and also ensures that its culture and values are ongoing and are specifically reflected in both the policy and the practices of the Company.
The Annual General Meeting of 20 April 2021 renewed the tenure as Director of Mr Paul Bulcke for a four-year term.
Mr Paul Bulcke, who is of Belgian and Swiss nationality, pursued a high-level international career with the Nestlé group. After holding different positions in Europe and Latin America, he was named Executive Vice President of Nestlé S.A. in 2004 for the Americas zone, before becoming Chief Executive Officer of Nestlé S.A. from 2008 to 2016. He has served as Chairman of the Board of Directors of Nestlé since 2017. He is also a Director of Roche Holding Ltd (Switzerland).
He brings to the Board his strategic vision, his multicultural approach, his detailed knowledge of consumers on all continents, and his taste for innovation, which are vital assets for developing L’Oréal’s glocalization strategy. His analyses enhance Board discussions and allow the Board to adopt solid orientations in a number of areas.
The Annual General Meeting of 20 April 2021 renewed the tenure as Director of Ms Virginie Morgon for a four-year term. Ms Virginie Morgon is Chairwoman of the Management Board of Eurazeo, which she joined in 2008 after working for 16 yearsat Lazard, as well as Chairwoman of Eurazeo North America Inc.(USA). She is also Co-Chair of the Paris Committee of the Human Rights Watch.
Ms Virginie Morgon brings to the Board her recognised financial expertise, combined with a dynamic and entrepreneurial vision of business. The Board will benefit from her serious interest in innovation and the ongoing attention she brings to new consumer trends. She actively contributes, particularly in her capacity as Chairwoman of the Audit Committee, to the development of a sustainable business model, based both on economic excellence and corporate social responsibility excellence.
