(AOF) – A meeting of the newly formed Safe Board of Directors was held following the General Assembly of December 15 and ratified the appointment of Victor Humberdot as Chairman of the Board of Directors as well as the appointment of Philippe Laurito as the new general director of the company. During this meeting, the Board of Directors also decided to appoint Nicolas Papillon as Deputy Managing Director.
Safe adds that its management has initiated a complete audit of the group from December 18, 2023 aimed at preparing a draft recovery plan with the assistance of the receiver for presentation to the Pontoise Commercial Court.
On a strategic level, management shows its desire to maintain the articulation around the subsidiaries Safe Medical (production of medical devices for orthopedic surgery) and Safe Orthopedics (the design, manufacturing and marketing of ready-to-use technologies for back surgery).
Management is already studying new industrial configurations aimed at increasing Safe Medical’s machining capacities, reducing its production times and creating a specific offer linked to its ability to deliver sterile products. “New bases will allow rapid commercial redeployment of the Safe Orthopedics range necessary for the return of growth and profitability in the long term,” explains the company.
To cope with this reorganization and secure its roadmap, management is studying new short and medium term financing avenues with the group’s financial partners. It is negotiating with its main shareholder conditions for granting short-term financing with a view to covering its needs until the start of the recovery plan which should take place by the end of the first quarter of 2024, subject to the procedural timetable of the Pontoise Commercial Court.
In this context, management considered it preferable to postpone the publication of the 2023 half-year financial report until February 28, 2024.
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