Our governance

Scroll

Balanced governance in the interest of the shareholders and employees—that is the main concern of the dual management structure (Supervisory Board and Management Board) that Vallourec adopted in 1994. 

  • The Vallourec Management Board is a collegial body composed of two members who manage and run the group in accordance with the regulatory powers conferred in the company’s articles of association; it is assisted in this work by the Executive Committee, which is composed of nine members.  

  • The Supervisory Board is a monitoring body composed of 13 members. It ensures that the strategy applied by the Management Board is consistent with the policies that it has approved. It carries out its mission in compliance with the recommendations set forth in the AFEP-MEDEF Corporate Governance Code. The term of office for board members is four years.

Management Board​

Vallourec management structure comprises a Management Board and a Supervisory Board.

The Management Board which is a collegial body, is responsible for managing the Group using the powers conferred on it by statutory and regulatory provisions and the Group’s by-laws.

Vallourec Management Board is composed of two members:

Edouard Guinotte Chairman of the Management Board
Born the 10th of December 1970
Graduate of the Ecole des Mines de Paris, holds the INSEAD Management Program. 

Career

1995
Joined Vallourec as head of logistics and production at Vallourec Composants Automobile. He spent his entire career within the Group and hold various positions in various countries

1998-2000
Group Controller and then became Director of an operating entity in Mexico for 3 years

2004
Marketing Director for the Automotive Division 

2007 
Strategy and Development Director of the Group's Oil and Gas business, where he led in particular the plans to acquire the first 20% of Tianda and the acquisition of Vallourec Saudi Arabia

2011-2014
President of Vallourec USA based in Houston, leading the commercial policy allowing Vallourec to double its sales in the United States following the start-up of the new Youngstown plant and then became Vice-President of the Group in charge of Trade and Development OCTG in the Eastern Hemisphere region

2017
Senior Vice President and member of the Group's Executive Committee in charge of the Middle East and Asia

Current functions within Vallourec Group
Chairman of the Management Board since the 16th of March 2020
Olivier Mallet Chief Financial and Legal Officer
Chief Financial Officer
Born on 14 July 1956 in Neuilly-sur-Seine (France)
Graduate of the Ecole Nationale d’Administration

Career

1981-1985
General Inspector of Finance

1985-1993
French Ministry of Finance; Cabinet offices of the French Prime Minister and Finance Minister

1993-1995
Thomson CE - Director of Planning, Budgeting and Management Control

1995-2001
Thomson Multimedia - CFO and member of the Executive Committee

2001-2004
Péchiney - CFO and member of the Executive Committee

2004-2006
Areva - Deputy CFO for the Group

2006-2008
Areva - Senior Executive Vice President of the Mining, Chemistry and Enrichment Sector

Current positions in the Vallourec Group
Member of the Management Board of Vallourec since September 2008
Chief Financial Officer and General Counsel since september 2008

Executive Committee

pascal braquehais portrait
Pascal Braquehais Senior Vice President Middle East/Asia
Aged 55, Pascal Braquehais holds a master degree in Finance & Management. 

He began his career as an external auditor with Ernst & Young, then became Chief Financial Officer, member of the Management Committee of a European division of Tyco International until 2002. 

At that date, he joined Vallourec as Director of Audit and Financial Control.  

In 2008, he became Chief Financial Officer of Vallourec North America and member of the North American Executive Committee. He held this position until 2016 when he was appointed Managing Director of the Northeast Asia Region and General Delegate China. 

Since March 15, 2020, he has been named Senior Vice President of the Middle East Asia Region. 
pascal braquehais plein pied
Philippe Carlier Senior Vice President Technology & Industry
After graduating from the Centrale Paris school of engineering, Philippe Carlier began his career at EADS in 1988 and moved to Vallourec as a management controller in 1995. He held various positions such as plant manager, subsidiary Chief Operating Officer, and industrial director, before being appointed Director of Upstream activity (steel mills and rolling mills) in 2012.

He was in charge of Upstream and Industry activities (tubular products for mechanical engineering, construction and the automotive industry) until 2014. Since April 2017, he has been Senior Vice President Technology & Industry.
Nicolas de Coignac Senior Vice President of the Acceleration Project
Nicolas de Coignac studied at the Centrale Paris engineering school and also followed an executive program at INSEAD graduate business school.

He began his career at Vallourec in 1992. He was plant manager, then management controller at corporate level. He later moved to the position of Purchasing Director then Director of Vallourec in Argentina. He also worked as Director of OCTG Europe before creating and running the Drilling Products division.

Since 2014, he has been in charge of the Group's Powergen activities (tubular solutions for conventional and nuclear power plants) and Pipe Project (subsea flowlines, specialist tubes for umbilicals, process tubes and fittings for hydrocarbon processing plants).

He was Senior Vice President North America from 2015 to 2019.

He is Director of the Acceleration Plan since 2020.
François Curie Vice President Corporate Human Resources
A lawyer by training, François Curie began his career in the Human Resources function of the Philips Group.

He then joined the Alcan Group where he assumed various Human Resources responsibilities, at both corporate and country level, in France, Switzerland and Canada.

Prior to joining Vallourec, he was Director of Human Resources, Environment, Health and Safety at Rio Tinto Alcan, the aluminum division of Rio Tinto, based in Montreal, Canada.

He has been Director of Human Resources for the Vallourec Group since 2010.
Bertrand Frischman portrait
Bertrand Frischmann Senior Vice President North America
Bertrand Frischmann, 46-year old, is a graduate of the Ecole des Mines, Paris and holds an engineering degree in industrial engineering and logistics.

After starting his career in the automotive and consulting sectors, he joined Vallourec in 2004 as a controller, first at corporate level and then, from 2005, at Vallourec Star in Youngstown, Ohio, where he supervised the integration of this new entity.

In 2007, he was appointed Production Manager of the tube mill at Vallourec Star. This first American experience ended in 2009, when he took over the management of the Saint-Saulve tube mill in France. 

He stayed there for 4 years before joining Aberdeen, UK, where he became managing director of VOG UK. 

Back in France, he became managing director at Serimax in 2016, then Director of the OCTG & Accessories Product Line starting from 2017.

Since April 1, 2020 Bertrand Frischmann has been appointed Senior Vice President North America, Member of the Executive Committee.
Bertrand Frischman
Didier Hornet Senior Vice President Development & Innovation
Didier Hornet studied at the ENSMA mechanical and aeronautical engineering school in Poitiers and the IAE business school in Paris, and later took an executive MBA at Harvard.

He joined Vallourec as Marketing and Development Director in 1993, coming from Dassault Aviation, where he began his career.

Later, he headed the North Sea Oil and Gas business based in Aberdeen, then became Director of the Oil and Gas division in North America, based in Houston.

In 2009, he took over the Oil and Gas activity at Group level, and has been running the Group's OCTG (production and casing tubes, threading of oil and gas tubing) and Drilling Products (oil and gas drilling) activities since 2014. In 2015, he became Eastern Hemisphere Director.

Since April 2017, he has been Senior Vice President Development & Innovation.
Claire Langelier Group General Counsel
Claire Langelier has been appointed Vallourec Group General Counsel and Secretary of the Supervisory Board since July 1st 2020.

Claire started her career in the law firm Latournerie Wolfrom & Associés in Paris, where she spent 13 years in the Corporate, Merger and Acquisitions and Private Equity Department.

In 2013, she joined Econocom as Senior Legal Counsel, in charge of Corporate, Merger and Acquisitions.

She joined Vallourec in 2015 and was previously Senior Legal Director in charge of Group Governance, Stock Exchange and Financing Law.

Claire Langelier holds a Master of Corporate Business Law from Paris IX-Dauphine and a Master from the Institute of Business Management, IAE. Paris I-Sorbonne, as well as a Professional Lawyer's Certificate (CAPA) from Paris Bar.
Alexandre Lyra Senior Vice President South America
A graduate from the Instituto Militar de Engenharia (Rio, Brazil) and the Aachen University of Technology (Germany), Alexandre Lyra joined Vallourec as a research engineer in 1991.

He has spent all his career at Vallourec Tubos do Brasil (VBR), where he became Chief Operating Officer for Brazil in 2009. He has been Senior Vice President South America since 2015.
Hubert Paris Senior Vice President Europe/Africa
Hubert Paris graduated from Ecole Polytechnique Palaiseau and ENSTA ParisTech. He has a Master of Science from the University of California, Santa Barbara and an executive MBA from the CPA Paris.

He began his career at SGN (COGEMA subsidiary) and joined Vallourec in 1998 as a management controller. He spent five years in Brazil, first as Controlling department director at Vallourec Tubos do Brasil, then as a director of the Automobile business unit of the Brazilian subsidiary.

After returning to France, he worked as Marketing & Sales director, then Chief Operating Officer of the Automobile division.

In 2007, he joined Salzgitter AG to support sales of Vallourec Précision Etirage, worked as CEO of the Salzgitter precision tubes business, and was a member of the management board of MRW, the German group tubes business holding.

Back at Vallourec in 2013, he was named Group Quality Director. Since 2014, he has been responsible for the Valens competitiveness plan. He has been Senior Vice President Europe/Africa since April 2017.

Supervisory Board

President

Vivienne Cox AGO 2022 Director of Pearson Plc and GlaxoSMith Plc
Born on 29 May 1959 – British nationality

Chairman of the Supervisory Board
Chairman of the Strategy Committee
Commander of the Most Excellent Order of the British Empire (CBE)

Summary of main areas of expertise and experience
  • Graduate of Oxford University and of INSEAD, holding an Honorary Doctorate from the University of Hull and the University of Hertfordshire
  • Twenty-eight years’ experience with the BP Group
  • CEO of BP Gas, Power and Renewables (2004-2009)
  • Commissioner of the Airport Commission of the Department of Transport of the British government (since 2012)
  • Chairman of the Rosalind Franklin Institute
Main activities performed outside of the Company
  • Director of Pearson Plc*
  • Director of GlaxoSmithKline Plc*
Positions held by Ms. Vivienne COX
Positions currently held
  • Chairman of the Supervisory Board of Vallourec*
  • Director of Pearson Plc*, Chairman of the Appointments and Governance Committee, member of the Reputation and Responsibility Committee, member of the Audit Committee, and Senior Independent Director
  • Director of GlaxoSmithKline Plc*, member of the Compensation Committee and member of the Social Responsibility Committee
  • Director of Stena AB Gothenburg
  • Member of the Consulting Board and Chairman of the Compensation Committee of Montrose Associates
Positions expired within the last five years
  • Lead Independent Director of the Department for International Development of the British government (until 2017)
  • Chairman of the Reputation and Responsibility Committee of Pearson Plc (until 2016) and member of the Appointments Committee and the Compensation Committee of Pearson Plc (until 2017)
  • Manager B of Stena International SARL (Luxembourg) (until 2017)
  • Director and member of the Sustainable Development Committee, the Compensation Committee and the Appointments Committee of BG Group Plc (until 2016)
  • Director of The Climate Group (until 2015)
  • Director and member of the Appointments Committee and the Sustainable Development Committee of Rio Tinto Plc (until 2014)
* Listed company (for positions currently held).

Vice-Chairman and Lead Member

Pierre Pringuet AGO 2022 Director of La Française des Jeux (FDJ)*
Director of Iliad*
Director of Cap Gemini SE*
Director of Avril Gestion SAS (Avril Group)
Born on 31 January 1950 – French nationality

Vice-Chairman and Lead Member of the Supervisory Board
Chairman of the Appointments, Compensation and Governance Committee
Officer of the French Legion of Honor
Commander of the Order of Agricultural Merit

Summary of main areas of expertise and experience
  • Graduate of the École Polytechnique and Engineer for the French Mines Inspectorate (Corps des Mines)
  • Began career in public service, from 1976 to 1987: In charge of an industry and mining engagement with the prefect of the Lorraine region (1976-1978); Head of financial procedures and social relations with the Managing Director of Industry (1979-1982); Chief Engineer of Mines (1981); Technical Consultant to Michel Rocard, Minister of Land Management and Planning, and later the Minister of Agriculture (1981-1985); Director of Agricultural and Food Industries with the French Ministry of Agriculture (1985-1987)
  • Since 1987, in the Pernod Ricard Group: Director of Development of the Pernod Ricard Group (1987-1989); Managing Director of Société pour l’Exportation de Grandes Marques (1989-1996); Chairman & CEO of Pernod Ricard Europe (1997-2000); Deputy CEO of Pernod Ricard (2000-2005); Director of Pernod Ricard (since 2004); COO of Pernod Ricard (2005-2008); Managing Director of Pernod Ricard (2008-2015); Vice-Chairman of the Board of Directors of Pernod Ricard (2012-2019)
Main activities performed outside of the Company
  • Director of La Française des Jeux (FDJ)*
  • Director of Iliad*
  • Director of Cap Gemini SE*
  • Director of Avril Gestion SAS (Avril Group)

Positions held by Mr. Pierre PRINGUET

Positions currently held
  • Vice-Chairman and Lead Member of the Supervisory Board of Vallourec*, Chairman of the Appointments, Compensation and Governance Committee
  • Director of La Française des Jeux (FDJ)*
  • Director and member of the Compensation Committee of Iliad*
  • Senior Director of Cap Gemini SE*, Chairman of the Ethics and Governance Committee and member of the Compensation Committee
  • Director of Avril Gestion SAS (Avril Group)
  • Chairman of the Association of Mining Engineers (Association Amicale des Ingénieurs des Mines – AAIM)
Positions expired within the last five years
  • Director of Pernod Ricard, member of the Strategy Committee and member of the Compensation Committee (until 2019)
  • Vice-Chairman of the Board of Directors of Pernod Ricard (until January 2019)
  • Chairman of the Association Française des Entreprises Privées (AFEP) (until 2017)
  • Chairman of the Scotch Whisky Association (until 2017)
  • Chairman of AgroParisTech (until 2016)
  • CEO of Pernod Ricard (until 2015)
  • Chairman of Comité Sully, an association for the promotion of the French agrifood industry (until 2015)
* Listed company (for positions currently held).

Members

Maria-Pilar Albiac-Murillo AGO 2023 Member of the Supervisory Board
Born on 21 August 1953 – Spanish nationality

Member of the Supervisory Board
Member of the Corporate Social Responsibility Committee

Summary of main areas of expertise and experience
  • Graduate of the University of Zaragoza (Spain), and the holder of an MBA from Central Michigan University (United States)
  • A twenty-six year career at General Motors, sixteen of which were spent in the United States. Fifteen years in Operations, Plant Director in Saginaw, Michigan (1991-1993), Plant Director in Logroño, Spain (1993-1996)
  • Chairman and CEO of Saginaw Deutschland GmbH (1996-1999)
  • Seven years at Delphi Corporation: Site Manager (Delphi Alabama Operations), Plant Manager, Site Director (Delphi Flint East Operations) and Director of Product Line (Delphi Troy Headquarters)
  • Vice-President in charge of operations in Mexico for Remy (2006-2007)
  • Eight years at the Airbus Group: Executive Vice-President of Operations and Head of Transformation at Airbus Defence and Space, and A400M Industrialization (2008-2016)
  • Head of Product and Innovation to Market Excellence of Philips Innovations Services (2016-2017)
Main activities performed outside of the Company
  • None
Positions held by Ms. Maria-Pilar ALBIAC-MURILLO
Positions currently held
  • Member of the Supervisory Board of Vallourec* 
Positions expired within the last five years
  • Head of Product and Innovation to Market Excellence of Philips Innovations Services (until 2017)
  • Executive Vice-President of Operations and Head of Transformation at Airbus Defence and Space, and A400M Industrialization (until 2016)
  • Director of Banque Populaire Occitane (until 2016)
* Listed company (for positions currently held).
Cédric ​de Bailliencourt AGO 2022 CFO of Bolloré*
Member of the Management Board of Vivendi*
Born on 10 July 1969 – French nationality

Member of the Supervisory Board
 
Summary of main areas of expertise and experience
  • Graduate of the Institut d’études politiques de Bordeaux, postgraduate degree in Political and Social Communication
  • Twenty-four years with the Bolloré Group as Director of Shareholding (since 1996), CEO (since 2002) and Vice-Chairman of Financière de l’Odet, Vice-Chairman of Bolloré (since 2002), and CFO of the Bolloré Group (since 2008)
Main activities performed outside of the Company
  • CFO of Bolloré*
  • Member of the Management Board of Vivendi*
Positions held by Mr. Cédric de BAILLIENCOURT

Positions currently held
  • Member of Vallourec Supervisory Board*
  • Member of the Management Board of Vivendi*

Offices and positions held in French companies
Offices and positions held at the Bolloré Group
  • CFO of Bolloré*
  • Vice-Chairman of Financière de l’Odet SE**
  • Vice-Chairman of Bolloré SE*
  • Vice-Chairman of Compagnie du Cambodge**
  • Chairman of the Boards of Directors of Compagnie des Tramways de Rouen, Financière Moncey**, Société des Chemins de Fer et Tramways du Var et du Gard, and Société Industrielle
    et Financière de l’Artois**
  • Chairman of Compagnie des Glénans, Compagnie de Treguennec, Compagnie de Guénolé, Compagnie de Guilvinec, Compagnie de Pleuven, Financière V, Financière de BegMeil, Financière d’Ouessant, Financière du Perguet, Financière de Pont-Aven, Imperial Mediterranean, Compagnie de Pont-l’Abbé, Financière de Quimperlé, Compagnie de Concarneau, Compagnie de l’Argol, Financière de Kerdevot, Financière d’Iroise, Compagnie de Loctudy, and Compagnie de Sauzon
  • Manager of Socarfi and Compagnie de Malestroit
  • Director of Bolloré SE*, Bolloré Participations SE, Compagnie des Tramways de Rouen, Financière V, Financière Moncey**, Omnium Bolloré, Société Industrielle et Financière de l’Artois**,
    Financière de l’Odet SE** and Société des Chemins de Fer et Tramways du Var et du Gard
  • Permanent representative of Bolloré SE on the Board of Directors of Socotab
  • Member of the Supervisory Board of Sofibol and Compagnie du Cambodge**
Other offices and positions
  • Member of the Supervisory Board of Vallourec*
  • Member of the Management Board of Vivendi SE*
  • Permanent representative of Compagnie du Cambodge on the Supervisory Board of Banque Hottinguer (formerly Banque Jean-Philippe Hottinguer & Cie)

Offices and positions held in foreign companies
Offices and positions held at the Bolloré Group

  • Chairman of Redlands Farm Holding
  • Chairman of the Board of Directors of Plantations des Terres Rouges, PTR Finances, and SFA
  • Director of African Investment Company, Financière du Champ de Mars, La Forestière Équatoriale**, BB Group, PTR Finances, Plantations des Terres Rouges, SFA, Sorebol, Technifin, and Paragefi Helios Iberica Luxembourg
  • Permanent representative of Pargefi Helios Iberica Luxembourg SA on the Board of Participaciones y gestion financiera SA
  • Permanent representative of Bolloré Participations on the Board of Nord Sumatra Investissements
Other offices and positions
  • Permanent representative of Bolloré Participations on the Boards of Socfinde, Terrasia, Socfin (formerly Socfinal)**, Induservices SA
Positions expired within the last five years
  • COO of Financière de l’Odet (until 2019)
  • Permanent representative of Bolloré
    Participations on the Board of Socfinasia (until 2019)
  • Permanent representative of Bolloré
    Participations on the Board of Socfinaf (until 2018)
  • Director of Musée national de la Marine (until 2018)
  • Chairman of Blueboat (formerly Compagnien de Bénodet)(a) and Financière de Sainte- Marine(a) (until 2018)
  • Chairman of the Management Board of Compagnie du Cambodge(a) (until 2017)
  • Chairman of the Compagnie de Cornouaille(a) (until 2017)
  • Chairman of Financière de l’Argoat(a) (until 2017)
  • CEO of Financière de l’Odet(a) (until 2017)
  • Permanent representative of Bolloré on the Board of Directors of Havas(a) (until 2017)
  • Chairman of Financière de Briec(a) (until 2016)
  • Chairman of Financière de Pluguffan(a) (until 2016)
  • Chairman of Bluestorage (until 2015)
  • Chairman of Bluely (formerly Financière de Kerdevot)
  • Permanent representative of Bolloré
    Participations on the Board of Société Bordelaise Africaine (until 2016)
  • Permanent representative of Bolloré
    Participations on the Boards of Immobilière de la Pépinière and Centrages (until 2015)
  • Permanent representative of Bolloré
    Participations on the Board of Agro Products Investments Company (until 2015)
(a) Position held within the Bolloré Group.
* Listed company (for positions currently held).
** Listed company for positions currently held (including companies registered in the Free Market and listed abroad).
corinne de bilbao woman at vallourec's board
Corine de Bilbao AGO 2024 Chief Executive Officer of Segula Technologies International and Member of the Advisory Board of ING Bank France
Born on 16 October 1966 - French nationality

Member of the Supervisory Board
Member of the Strategy Committee
Member of the Corporate Social Responsability Committee
 
Summary of main areas of expertise and experience
  • Graduate of Sciences Po Bordeaux and holder of an MBA in Sourcing and Supply Chain Management from the M.A.I Institute of Purchasing Management
  • Sourcing Manager and Service Manager GE Medical Systems, medical imaging equipment sector (1989-2000)
  • Twenty years’ experience in the energy sector of which eight in Oil & Gas
  • European Sourcing Director GE Power Gas Turbines (2000-2003)
  • Upstream Sales Director GE Oil & Gas (2003-2008)
  • Sales VP Products Areva T&D (2008-2010)
  • Head of Services GE Energy (2010-2011), General Manager for Europe then Vice President of Sales of the Subsea Division of General Electric Oil & Gas (2011-2016)
  • Chairman of General Electric France (2016-2019)
  • Vice-President of AmCham, the American Chamber of Commerce in France (2016-2019)
  • Chief Executive Officer of Segula Technologies International, engineering group
Main activities performed outside the company
  • Chief Executive Officer of Segula Technologies International
  • Member of the Advisory Board of ING Bank France
Positions held by Ms. Corine de BILBAO
  • Member of the Supervisory Board of Vallourec*
  • CEO of Segula Technologies International
  • Member of the COnsulting Board of ING Bank France

Positions expired within the last five years
  • Chairman of General Electric (GE) International France (until 2019)
  • Chairman of General Electric (GE) Industrial France (until 2019)
  • Director of GEAST (nuclear JV of GE Alstom) (until 2019)
  • Member of the Supervisory Board of Segula Technologies (until 2019)
  • Vice-President of AmCham, the American Chamber of Commerce in France (until 2019)
* Listed company (for positions currently held).
corinne de bilbao woman at vallourec's board
Virginie Banet AGO 2022

Member of the Supervisory Board
Member of the Finance and Audit Committee

Born on 18 January 1966 – French nationality

Member of the Supervisory Board
Member of the Finance and Audit Committee
  
Summary of main areas of expertise and experience
  • Graduate of the Institut d’études politiques de Paris (IEP), holds a bachelor’s degree in Economic Science and member of the French Society of Financial Analysts (SFAF)
  • Started her career as a financial analyst at SBS, Warburg then at Deutsche Bank covering Capital goods, and Aerospace and Defense for Europe (1989-2003). She then became an investment banker and Head of M&A Aerospace & Defense, again at Deutsche Bank followed by Airbus (2003-2008)
  • Member of the Executive Committee of Lagardère Média, head of investor relations and financial market communications policy (2008-2010)
  • Member of the Executive Committee of Natixis, Director of customer relations and advisory services, head of banking teams in France and abroad as well as traditional financing (2011-2014)
  • Investment banker at Ondra Partners then at Nomura (2015-2019)
  • Since September 2019, Chairman (founder) of Iolite Financial Consulting and Senior Advisor at AlixPartners
Main activities performed outside of the Company
  • Chairman of lolite Financial Consulting
  • Senior Advisor at AlixPartners
Positions held by Ms. Virginie BANET
Positions currently held
  • Member of the Supervisory Board of Vallourec*
  • Chairman of lolite Financial Consulting
  • Senior Advisor at AlixPartners
Positions expired within the last five years
  • Investment Banker of Nomura (until 2019)
  • Investment Banker at Ondra Partner (until 2015)
* Listed company (for positions currently held).
Bpifrance Participations represented by Alexandre Ossola AGO 2024 Member of the Management Committee of Mid & Large Cap de Bpifrance Participations
Head of Bpifrance's MidCap activity and the Automotive Future Funds managed by Bpifrance Participations
Member of the Supervisory Board
Member of the Finance and Audit Committee
Member of the Strategy Committee

Bpifrance offers companies continuity of financing at each key step in their development and an offer adapted to regional specificities. As part of the Bpifrance equity investment scheme, Bpifrance Participations invests in large companies as well as in middle-market companies, in order to support their development in France and internationally. Bpifrance Participations is a minority shareholder involved in governance, as well as a long-term investor capable of adapting to the company’s development cycles.
 
Positions held by Bpifrance Participations
Positions currently held
  • Member of the Supervisory Board of Vallourec*
  • Director of Compagnie Daher
  • Director of Cybelangel International
  • Member of the Supervisory Board of De Dietrich
  • Director of Ekinops*
  • Director of Eutelsat Communications*
  • Director of Farinia
  • Director of Gensight Biologics*
  • Member of the Supervisory Board of Groupe Grimaud La Corbière
  • Director of H4D
  • Director of Innate Pharma*
  • Director of Isorg
  • Director of Groupe Limagrain
  • Director of Mader
  • Member of the Supervisory Board of Mersen*
  • Member of the Supervisory Board of NGE
  • Director of Orange*
  • Director of Paprec
  • Director of Parrot*
  • Director of Pixium Vision*
  • Director of Prodways Group*
  • Director of PSA*
  • Director of Scality
  • Director of Soitec*
  • Director of Technicolor*
  • Director of Tinubu Square
  • Director of TokheimLuxco
  • Director of TokheimLuxco 2
  • Director of Valeo*
  • Member of the Supervisory Board of Voluntis
  • Member of the Supervisory Board of Ynsect
  • Member of the Supervisory Board of Younited

Positions expired within the last five years
  • Director of AelisFarma (until 2019)
  • Director of Avril Pôle Végétal (until 2019)
  • Director of Antalis International (until 2018)
  • Director of Cegedim (until 2018)
  • Director of CGG (until 2018)
  • Director of Corwave (until 2019)
  • Member of the Supervisory Board of Crystal (until 2019)
  • Member of the Supervisory Board of Financière du Millenium(until 2018)
  • Director of G2 Mobility (until 2018)
  • Director of Horizon Parent Holdings (until 2019)
  • Director of In Situ Training (until 2019)
  • Member of the Supervisory Board of Novasep (until 2018)
  • Director of NTL Holding (until 2019)
  • Director of Sequana (until 2018)
  • Director of Txcell (until 2018)
  • Director of Altia Industry (until 2017)
  • Director of Biom’up (until 2017)
  • Member of the Supervisory Board of FT1 CI (until 2019)
  • Director of Medipôle Partenaires (until 2017)
  • Member of the Supervisory Board of Vergnet (until 2017)
  • Director of Viadeo (until 2017)
  • Member of the Supervisory Board of VIT (until 2017)
  • Director of CHM International (until 2016)
  • Member of the Supervisory Board of Verimatrix (formerly known as Inside Secure) (until 2016)
  • Member of the Supervisory Board of Valneva (until 2019)
  • Director of Vexim (until 2015)
  • Director of Therachon (until 2019)
     
Mr. Alexandre OSSOLA

Born on 26 September 1974 – French nationality
Permanent representative of Bpifrance Participations
 
Summary of main areas of expertise and experience
  • Twenty-two years experience in capital investment and mergers-acquisitions
  • Started his career in London at Wasserstein Perella (1998) then at Crédit Suisse First Boston
  • CVC Capital Partners (2000-2011); Director at the Paris office
  • Head of capital risk operations at CDC Climat (2011-2013)
  • Director of nuclear and rail funds (2013-2015), manager of Fonds d’Avenir Automobile and a member of the Mid & Large Cap Management Committee of Bpifrance Participations (2015-2017), manager of MidCap activity of Fonds d’Avenir Automobile and member of the Mid & Large Cap Management Committee of Bpifrance Participations (since 2017)
Main activities performed outside of the Company
  • Member of the Capital Development Management Committee of Bpifrance
  • Manager of MidCap activity of Bpifrance and Fonds d’Avenir Automobile, managed by Bpifrance
Positions held by Mr. Alexandre OSSOLA
Positions currently held
  • Permanent representative of Bpifrance Participations, Member of the Supervisory Board of Vallourec*
  • Member of the Capital Development Management Committee for Bpifrance Participations and Manager of Mid Cap activity of Bpifrance and Fonds Avenir Automobile, managed by Bpifrance
  • Non-voting Board member (censeur) of the Supervisory Board of Peugeot SA*
  • Permanent representative of Bpifrance Investissement, member of the Supervisory Committee of Novares Group SAS (formerly Financière Mecaplast SAS)
  • Permanent representative of Bpifrance Investissement, member of the Board of Directors of Trèves SAS
  • Permanent representative of Bpifrance Investissement, member of the Supervisory Board of Novarc SA
  • Member of the Supervisory Board of Financière Aquila
Positions expired within the last five years
  • Member of the Shareholders’ Committee of Cameron France Holding (until 2018)
  • Permanent representative of Bpifrance Investissement, member of the Supervisory Board of Financière Snop Dunois SA (until 2017)
  • Member of the Board of Directors of Climpact (until 2017)
  • Member of the Board of Directors of Mecaplast SAM (until 2016)

* Listed company (for positions currently held).
 
Laurence Broseta AGO 2022 Chairman of Antargaz, VP West Europe at UGI International
Born on 22 September 1968 – French nationality

Member of the Supervisory Board
Chairman of the Corporate Social Responsibility Committee
 
Summary of main areas of expertise and experience
  • Graduate of École Polytechnique, Telecom Paris and Auditor at Institut des Hautes Études de l’Entreprise (IHEE)
  • Head of Transport Operations for RATP (1994-1999)
  • Lead Engineer for Control & Communication at SYSTRA (joint venture between RATP and SNCF) in London (1999-2001)
  • Director of the “Point du Jour” Bus Center (2002-2005)
  • Chairman of Bombela, a subsidiary of RATP Dev in Johannesburg, South Africa (2005-2007)
  • Director of the International Business Unit and Vice Chairman in charge of international strategy for RATP Dev (2008-2012)
  • CEO of Fives Stein (2012-2013)
  • CEO France of Transdev (2013-2016), International Director of Transdev (2016- March 2019)
Main activities performed outside of the Company
  • Chairman of Antargaz, VP West Europe at UGI International

Positions held by Ms. Laurence BROSETA

Positions currently held
  • Member of the Supervisory Board of Vallourec*
  • President of Antargaz, VP West Europe of UGI International
  • Director of Thales*
Positions expired within the last five years
  • International Director, member of the Executive Committee of Transdev (passenger transportation activity in 20 countries) and Director of RATP Dev Asia and of subsidiaries of the Transdev group (until March 2019)
  • Director and Vice-President of Union des Transports Publics (until 2016)
  • Director of Thello (until 2016)
* Listed company (for positions currently held).
Antoine De Cahuzac
Antoine Cahuzac AGO 2023 Director of companies
Born on 29 October 1954 – French nationality

Member of the Supervisory Board
Member of the Finance and Audit Committee
Member of the Appointments, Compensation and Governance Committee

Summary of main areas of expertise and experience
  • Graduate of the École polytechnique and the École de la météorologie nationale
  • He has spent the majority of his career in banking. Senior Corporate Advisor and Member of the Executive Committee of HSBC France (2008), then Chairman of the Management Board of HSBC Private Bank France (2011)
  • Executive Director EDF Group, head of Renewable Energies and Chairman & Chief Executive Officer EDF Energies Nouvelles, member of the Executive Committee of EDF Group (2012-2018)
Main activities performed outside of the Company
  • Director of companies
Positions held by Mr. Antoine CAHUZAC
Positions currently held
  • Member of the Supervisory Board of Vallourec*
  • Director ofHynamics (subsidiary of EDF)
  • Director of Fouré Lagadec (subsidiary of the SNEF Group)
Positions expired within the last five years
  • Advisor to the Chairman of EDF (until 2018)
  • Group Executive Director in charge of Renewable Energies, and Chairman & CEO of EDF Énergies Nouvelles, member of the Executive Committee of the EDF Group (until 2018)
* Listed company (for positions currently held).
Antoine De Cahuzac
Pascale Chargrasse AGO 2023 Development Manager at Valinox Nucléaire
Born on 10 July 1960 – French nationality
 
Member of the Supervisory Board representing the employee shareholders
Member of the Appointments, Compensation and Governance Committee
 
Summary of main areas of expertise and experience
  • Graduate of the Orsay Technology Institute with a DUT diploma in Computer Science
  • Employee of the Vallourec Group since 1985 and currently Business Development Manager at Valinox Nucléaire, a wholly owned subsidiary of Vallourec
  • Member of the Supervisory Board of Vallourec Actions Corporate Mutual Fund (FCPE)
  • Union representative on the Group Committee
Main activities performed outside of the Company
  • None
Positions held by Ms. Pascale CHARGRASSE
Positions currently held
  • Member of the Supervisory Board of Vallourec*
Positions expired within the last five years
  • None
* Listed company (for positions currently held).
Mickaël Dolou AGO 2021 Director at Serimax in charge of marketing, commercial development and contractual offers at Serimax
Born on 1 November 1975 – French nationality

Member of the Supervisory Board representing employees
Member of the Appointments, Compensation and Governance Committee
 
Summary of main areas of expertise and experience
  • Holder of an executive MBA from HEC Paris and a Master’s in Law (international affairs)
  • Fourteen years at the Serimax Group: Legal Director, and then Regional Director for the South American region, Director of Contractual Offers and Operations and Director in charge of marketing, commercial development and contractual offers
Main activities performed outside of the Company
  • None
Positions held by Mr. Mickaël DOLOU
Positions currently held
  • Member of the Supervisory Board of Vallourec*
Positions expired within the last five years
  • None
* Listed company (for positions currently held).
​Yuki Iriyama AGO 2021

Attorney-at-law in Japan.
Of Counsel at the Kajitani Law Offices in Tokyo

Born on 19 November 1947 – Japanese nationality

Member of the Supervisory Board
 
Summary of main areas of expertise and experience
  • Graduate of the University of Tokyo (Faculty of Law, 1970) and of the College of Europe (Bruges) in Belgium (Advanced European Study in Law, 1977)
  • Forty-five years at Nippon Steel Corporation (NSC, formerly NSSMC), assuming the following operational and managerial positions: Member of the Legal Department (1970-1990), Manager of the Electronics & Information Business Division (1990-1993), General Manager of the Semi-conductor Business Division (1993-1998), General Manager of the Overseas Business Development Division (1999-2002), Director, Member of the Board (2002-2006), Managing Executive Officer (2006-2009), and Executive Advisor (2009-2015)
  • Attorney-at-law in Japan since March 2015
Main activities performed outside of the Company
  • Of Counsel at the Kajitani Law Offices in Tokyo
Positions held by Mr. Yuki IRIYAMA
Positions currently held
  • Member of the Supervisory Board of Vallourec*
  • Statutory Auditor at UACJ (United Aluminum Corporation of Japan)
Positions expired within the last five years
  • None
* Listed company (for positions currently held).
Jean-Jacques Morin AGO 2022

Deputy CEO in charge of finance, communications, and strategy at AccorHotels*

Born on 29 December 1960 – French nationality

Member of the Supervisory Board
Chairman of the Finance and Audit Committee
 
Summary of main areas of expertise and experience
  • Engineer, graduate of the École nationale supérieure de l’aéronautique et de l’espace, DSCG (Diplôme Supérieur de Comptabilité et Gestion) – Advanced Diploma in Accounting and Management – and holder of an MBA from Thunderbird School, Arizona State University
  • He began his career in Management Consulting and Auditing at the Deloitte offices in France and Canada, where he worked for 13 years in the field of semiconductors, notably at Motorola in France, Switzerland, Germany and the United States
  • Sector CFO of Power Service and Transport at Alstom, and later CFO of the Alstom Group (2005-2015)
  • In 2015, he joined AccorHotels*, where he was CFO, then Deputy CEO in charge of finance, communications, and strategy (since 2018)
Main activities performed outside of the Company
  • Deputy CEO in charge of finance, communications, and strategy at AccorHotels*
Positions held by Mr. Jean-Jacques MORIN
Positions currently held
  • Member of the Supervisory Board of Vallourec*
  • Member of the Supervisory Board and member of the Audit Committee of Orbis*
  • Member of the Board of Directors and member of the Audit Committee of Accor Invest
  • Chairman of IBL
  • Manager of Sodetis
Positions expired within the last five years
  • Member of the Board of Directors of AAPC India Hotel Management Private Ltd
* Listed company (for positions currently held).

Board Committees

The Supervisory Board has set up four committees: the Finance and Audit Committee, the Appointments, Compensation and Governance Committee, the Strategy Committee and the Corporate, Social Responsibility (CSR) Committee. 

These committees have an advisory role and prepare certain Board meetings. They issue proposals, recommendations and opinions in their respective areas of competence. 

The Finance and Audit Committee

Four members: Jean-Jacques Morin (Chairman), Virginie Banet, Bpifrance Participations represented by Alexandre Ossola and Antoine Cahuzac.

The Finance and Audit Committee is responsible for preparing the Supervisory Board's deliberations relating to the compilation and oversight of accounting and financial reporting information. In this context, it oversees procedures for compiling financial reporting information, for ensuring effective internal control and risk management systems and for the statutory audit of annual and consolidated accounts by the auditors and for ensuring the independence of the latter.

The Appointments, Compensation and Governance Committee

Four members: Pierre Pringuet (Chairman), Antoine Cahuzac, Pascale Chargrasse and Mickaël Dolou.

The Appointments, Compensation and Governance Committee is responsible for preparing the Supervisory Board's deliberations on the appointment and compensation of the Group's corporate and governance officers.

The Strategy Committee

Three members: Vivienne Cox (Chairman), Corine de Bilbao and Bpifrance Participations represented by Alexandre Ossola.

The Committee is responsible for preparing the Board's deliberations on the Group's strategic direction and its long-term future.

The Corporate, Social Responsibility (CSR) Committee

Three members: Laurence Broseta (Chairman), Maria-Pilar Albiac-Murillo and Corine de Bilbao.
 
The CSR Committee's mission is to ensure that the Group best anticipates the challenges, opportunities and extra-financial risks associated with its business in order to promote responsible and harmonious long-term value creation. It makes recommendations on the Group's policy and achievements in this area. 

Information relating to the compensation of corporate officers

Statutory Auditors

KPMG SA
Deloitte & Associés
Represented by:
Represented by:
Ms Alexandra Saastamoinen
Ms Véronique Laurent
Tour Eqho - 2, avenue Gambetta 92066 Paris-La Défense Cedex
Tour Majunga - 6, place de la Pyramide 92908 Paris La Défense Cedexx
Date on which first appointment commenced / Date of renewal:
Date on which first appointment commenced / Date of renewal:
Date of first mandate :
Date of first mandate :
1st of June 2006
1st of June 2006
Date of renewal:
Date of renewal:
25 of May 2018
25 of May 2018