PARIS, March 12, 2009 - Meeting under the chairmanship of Gilles Pelisson
on Thursday, March 12, the Accor Board of Directors approved the list of
people recommended by the Compensation and Appointments Committee for election.
The list will be submitted to shareholders at the Annual Meeting on May
Current Board members:
New Board members:
Thomas J. Barrack, Founder, Chairman and Chief Executive Officer of Colony
Sebastien Bazin, Chief Executive Officer Europe of Colony Capital SAS.
Philippe Citerne, Deputy Chief Operating Officer of Societe Generale.
Gabriele Galateri di Genola, Chairman of Telecom Italia SpA.
Gilles Pelisson, Chairman and Chief Executive Officer of Accor.
Alain Quinet, Vice President Finance and Strategy and Member of the Executive
Committee of Caisse des Depots et Consignations.
Franck Riboud, Chairman and Chief Executive Officer of Danone.
Patrick Sayer, Chairman of the Executive Board of Eurazeo.
A fourth representative of the Colony/Eurazeo concert group will also
be recommended to shareholders for election:
Jean-Paul Bailly, Chairman of the French Post Office (Groupe La Poste),
will bring his experience in leading major mass market-oriented companies
(i.e. the Paris Transit Authority, RATP) or managing large networks focused
on human services (the French Post Office).
Denis Hennequin, President, McDonald's Europe, will bring his international
expertise in franchising and managing a vast chain of restaurants, a business
quite similar to economy hotels.
Bertrand Meheut, Chairman and CEO of Canal+ Group, will bring his background
in manufacturing and as the Chairman of a well-known European media group
close to major social issues such as culture, young people and sports.
The new Board will be therefore composed of 12 members and according to
Afep/Medef recommendations, its governance will respect a balance between
independent and non-independent members. Upon election, the new Board will
determine whether each Board member is independent or not. The future Board
will be structured around three committees:
Virginie Morgon, Executive Board Member of Eurazeo.
In light of the future Board's smaller size, the Group's major strategic
initiatives will be directly discussed by the Board members.
The Audit and Risks Committee.
The Compensation and Corporate Governance Committee.
The Investments Committee, which will review any proposed acquisitions
or disposals whose value exceeds EUR100 million.
In addition, a Vice-Chairman of the Board of Directors will be appointed
from among the independent members, as Lead Independent Director, in charge
of relationships with shareholders who are not represented on the Board.
Jacques Stern Appointed Senior Executive Vice President of the
PARIS, - On the recommendation of Gilles Pelisson, Chairman and Chief
Executive Officer of the Accor Group, the Board of Directors has accepted
the nomination of Jacques Stern as Senior Executive Vice President and
Chief Financial Officer in charge of Finance, Strategy, Hotel Business
Development and IT (Information Technology).
"This is a much deserved recognition for Jacques Stern, whose role and
influence in the financial community has been beneficial to the Group for
more than ten years now," said Gilles Pelisson.
Jacques Stern is a graduate of the Ecole Superieure de Commerce de Lille
and a certified chartered accountant. After beginning his career with Pricewaterhouse
as an auditor, he joined Accor in 1992 as Consolidation Officer and became
Group Financial Planning Officer in 1996. He was then successively appointed
Group Controller General (2000), Executive Deputy Chief Financial Officer
(2002) and Chief Financial Officer (January 2003). In March 2005, he became
Member of the Management Board, in charge of Finance.
In 2006, Jacques Stern was appointed Chief Financial Officer, Executive
Vice President in charge of Purchasing and Information Systems and Member
of the Executive Committee. Since September 1, 2008, he has also been in
charge of Group Strategy and Hotel Business Development.
Jean-Paul Bailly, Chairman of the French Post Office (Groupe
Jean-Paul BAILLY has devoted his whole career to the Public Services
through his participation in the management and running of two big public
companies, first the RATP (Paris Transport Authority) then La Poste (The
french Post Office). Between 1970 and 1977, Jean-Paul BAILLY held several
positions of responsibility within the RATP (Regie Autonome des Transports
Parisiens). In 1978, he took over the running of French Technical Cooperation
in Mexico. In 1982, he moved back to the RATP, where notably he held the
posts of Departmental Manager of bus rolling stock, Manager of the Metro
and RER (Paris suburban rail system) and Personnel Manager. In 1990, he
was appointed Deputy Managing Director of the RATP then Chairman and Managing
Director in 1994. Between 1997 and 2001, he also took on the Chairmanship
of the UITP (International Public Transport Union). Since 2002, Jean-Paul
BAILLY has been Chairman of the La Poste Group. Since 2008, he is member
of GDF-Suez Board of Directors and member of Fondation du College de France
Board of Directors. A graduate of the Ecole Polytechnique and MIT (Cambridge,
Massachusetts, USA), and a member of the Conseil Economique, Social et
Environnemental (Economic, Social and Environmental advisory committee)
since 1995, Jean-Paul BAILLY is an Officer of the Legion of Honour and
the French Order of Merit.
Denis Hennequin, President and Chief Executive Office, McDonald's
Denis Hennequin is President of McDonald's Europe and is responsible
for the Company's 6,600 restaurants in 40 countries. He began his career
at McDonald's in 1984 as an Assistant Restaurant Manager. After becoming
a Restaurant Manager, he rose through the organization holding numerous
positions including Training & Recruitment Consultant, Field Service
Consultant, Director of Franchising, Director of Operations and Regional
Manager for Paris and surrounding suburbs. He was subsequently Vice President
of Operations, Human Resources, Development & Regional Coordination.
In 1996, Denis was appointed President & Managing Director of McDonald's
France. He became Executive Vice President for McDonald's Europe in 2004
and President of McDonald's Europe in 2005.
Denis holds a Bachelor's degree in Economics and a Master's degree
in Private International and Social Law.
Bertrand Meheut , Chairman and CEO of Canal+ Group
Bertrand Meheut joined CANAL+ Group in September 2002. He held various
senior positions in the life sciences industry. He spent most of his career
at Rhone-Poulenc, which he joined in 1984 as deputy COO, Europe. He successively
was CEO of the company's German affiliate, deputy CEO of Rhone-Poulenc
Agro before becoming Executive VP and COO Europe. When Rhone Poulenc merged
with Germany's Hoechst to form Aventis in 1999, Bertrand Meheut was appointed
COO of Aventis CropScience, an Aventis and Schering subsidiary involved
in agrichemicals and biotechnologies with sales of EUR4.5 billion and 16,000
employees. His last position there before joining Canal+ Group was Chairman
and CEO. Bertrand holds an engineering degree from Ecole des Mines and
is also member of the Vivendi Executive Board.
Virginie Morgon, Executive Board Member of Eurazeo.
Virginie Morgon has been a member of Eurazeo's Executive Board since
January 2008. She co-leads the investment team. After working as an investment
banker in New York and London, she became a senior partner at Lazard Freres
in 2000 and was also responsible for the European Food, Retail and Consumer
goods sector. During her 15 years at Lazard, she advised numerous French
and international groups such as Air Liquide, Danone, Kingfisher/Castorama
and Kesa/Darty, Publicis. Virginie Morgon is member of the Board of Directors
of the Women's Forum for the Economy & Society (WEFCOS). Virginie Morgon
has a degree from l'Institut d'Etudes Politiques de Paris (Economics and
Finance section) and holds a Master in Economics and Management (MIEM)
from the University of Bocconi (Milan, Italy).
Accor, a major global group and the European leader in hotels, as well
as the global leader in services to corporate clients and public institutions,
operates in nearly 100 countries with 150,000 employees. It offers to its
clients over 40 years of expertise in two core businesses:
Hotels, with the Sofitel, Pullman, MGallery, Novotel, Mercure, Suitehotel,
Ibis, all seasons, Etap Hotel, Formule 1 and Motel 6
brands, representing 4,000 hotels and nearly 500,000 rooms in 90 countries,
as well as strategically related activities, such as Lenotre.