July 31, 2023 – Toosla (ISIN code: FR00140062B9 – mnemonic code: ALTOO), a digital player in short-term car rental, announces a change in its governance.
Eric Poncin, Founder and CEO of Toosla, announced to the Board of Directors his desire to gradually take a step back to engage in other personal projects while ensuring a coordinated transition at the head of the company.
Thus, the Board of Directors, meeting this Friday, July 28, 2023, decided to separate the functions of Chairman and Chief Executive Officer and to appoint Panayotis Staïcos as Chief Executive Officer with immediate effect. Eric Poncin remains Chairman until the Board of Directors on October 10, 2023, which will approve the half-year accounts. At that time, he will remain a director of Toosla and provide support for general management. Jean-François Boucher, co-founder and administrator since 2016, will then become the new President of Toosla.
Eric Poncin says: “
I created, structured, developed and listed Toosla on the Stock Exchange in just 7 years. It seemed to me that the time had come to gradually let go of the wheel to engage in a new cycle of development. To carry out this project, it seemed appropriate to me to choose Panayotis Staïcos, who knows the company perfectly, to succeed me and to dissociate the governance bodies. This organization thus ensures managerial continuity while allowing General Management to focus even more on strategic priorities. »
Jean-François Boucher adds: “
I would like to thank, on behalf of the entire Board of Directors, Eric Poncin for his tireless commitment to serving Toosla and his active participation in the creation and development of a digital player that moves the lines of car rental. I have complete confidence in Panayotis Staïcos, associated with the talents that make up Toosla today, to put us on the right path for the long term, thanks to its solid knowledge of our industry, its experience of the organization and the strengths of our company. and its ability to bring us a fresh look for the future. »
Panayotis Staicos concludes:
“It is with undisguised pleasure that I find the Toosla teams again after these few months of absence. I know the value of the talents that make up this company and the tremendous assets it has. After a hyper-growth phase which required very heavy investments, we want to put Toosla on the path to profitable growth on a long-term basis. Together, we are going to take up the challenges ahead of us in order to continue to develop while paying greater attention to profitability, which must be one of the pillars of our business plan. »
In addition, during the General Meeting held on June 30, 2023, the shareholders present or represented decided to confirm the current composition of the Board of Directors, in a desire for stability and efficiency, and not to not vote on the delegation of powers authorizing capital transactions, with the aim of leaving the company focused on the proper execution of its roadmap.
About Jean-Francois Boucher
Jean-François Boucher is co-founder of Toosla and Director since 2016.
Jean-François Boucher has more than 30 years of experience in the creation, takeover, recovery and sale of companies, mainly exercised in the specialized distribution of DIY (Mr Bricolage) but also at the beginning of his career in the center auto (Feu Vert) and since 2016 in sports (Carré golf).
Jean-François Boucher also has experience as a director and manager of listed companies. From June 1997 to September 2015, he joined the board of directors of ANPF, the majority shareholder of MBSA (Groupe Mr Bricolage). He will hold the position of CEO of this company from June 2007 to June 2013 then, after separation of functions, will become Deputy CEO until September 2015. From June 1999 to September 2015, he joined the board of directors of MBSA (Mr Bricolage ). He served as Chairman and Chief Executive Officer of this company from May 2007 to September 2015. He has been a director of Brico Invest (Mr DIY Morocco) since March 2016.
Entrepreneur and manager, Jean-François Boucher is now an investor through his holding JFB Fleet. He holds 8.55% of the capital of Toosla.
About Panayotis Staicos
A graduate of Montpellier Business School in 2005, Panayotis Staïcos has more than 15 years of experience in the areas of vehicle rental, franchise network management and development, and digital mobility.
He began his career at Ada location in 2010 (recognized and key player in the mobility market. Listed company, generating approximately 100 million euros in turnover, No. 1 vehicle rental franchise network), within the franchise department as Regional Manager South-East then Rhône Alpes where he coordinates and develops a network of more than a hundred agencies and franchised investors.
Two years later, at the age of 32, he joined the management committee of ADA SA as fleet director (purchase and financing of more than 10,000 vehicles per year) to become 5 years later deputy general manager of EDA SA. (main subsidiary of ADA SA which manages all purchases, financing and insurance products of the ADA Group)
In 2019, the Rousselet group, the main shareholder of ADA SA, offered him the opportunity to also be Deputy Chief Executive Officer of ADA SA. During the next two years, in addition to his responsibilities for EDA SA, he took charge of the transformation of the ADA brand through the development of the Ada and Point Loc networks, the digital transformation of the ADA offer with, in particular, the implementation introduction of a self-service vehicle offer and the development of the group’s “BtoB” turnover.
He joined Toosla in March 2021, won over by the French start-up’s 100% digital offer development project. He will be Deputy CEO until the summer of 2022 before temporarily leaving the company to carry out a personal project.
Next meeting: results of 1
er
semester 2023, Wednesday October 11, 2023 (after market)
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About TOOSLA Created in 2016, Toosla’s ambition is to become a major player in the mobility “revolution” by deeply re-enchanting short-term vehicle rental. Its objective: to remove all the “irritants” of the sector thanks to its model without agency and its application. It offers a fully digital customer experience, with simplified and secure procedures. Its customer promise is distinguished by a guaranteed car model and options, permanent availability (24 hours a day, 7 days a week) and self-service provision without waiting for the vehicle. Toosla offers a fleet of more than 500 vehicles at 14 stations in Paris, Neuilly-sur-Seine and Vincennes – since May 2021 – in Madrid. In 2022, the Group recorded growth of +92% and revenue of 7.9 million euros. Toosla is listed on Euronext Growth® Paris (Ticker: ALTOO – ISIN code: FR00140062B9). |
Find all of Toosla’s financial information on:
www.toosla-bourse.com
contacts
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Toosla – Investor Relations Jerome Fabreguettes Leib [email protected] – 01 53 67 36 78 |
Toosla – Press Relations Deborah Schwartz [email protected] – 01 53 67 36 35 |
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