Wendel’s boss will resign once his successor has been found.
André-François Poncet, Chairman of the Management Board of Wendel | Photo credits: DR
Wendel shareholders did not necessarily expect to discuss “succession” today, when the general meeting of their group is being held on avenue de Wagram in Paris at 2:30 p.m. Chairman of the Executive Board André François-Poncet, who took office on 1er January 2018, indicated that he would submit his resignation to the supervisory board once his successor has been identified. This one will do tandem with David Darmon [membre du Directoire et directeur général] in the years to come », explains André François-Poncet, whom we have just interviewed. The recruitment process has been launched and should be completed in the second semester.
” My mission to refocus the organization and the portfolio is over, I have fully invested myself in it, I want to find a ‘plural’ life again “Simply says the manager, whose mandate had however been renewed by Wendel’s supervisory board in December 2020. “ Discussions have started with a handful of people and the decision to recruit is up to the Supervisory Board, including the Governance Committee on which Nicolas ver Hulst, Chairman of the Supervisory Board, and Priscilla de Moustier, who is also Chairman of Wendel, sit. -Participations [actionnaire familial de référence] “, he adds.
According The echoes, the question of extending Wendel’s skills to management on behalf of third parties (the group has so far only invested its own funds) could arise. Tikehau Capital and Eurazeo have already opted for this model for several years.
Find the exclusive interview with André François-Poncet in Investonline from Friday at the end of the day on Investir.fr and on newsstands on Saturday.