The Executive Board

The Supervisory Board appoints members of the Executive Board to four-year terms on the recommendation of its Chairman. Currently, the Executive Board is comprised of two members: Laurent Mignon and David Darmon. The Executive Board makes decisions regarding the Group’s activities, including defining and implementing the investment strategy, financial situation and internal organization. It meets at least every two weeks.

 

It is assisted by five committees: the Management Committee, which handles day-to-day operational management, and the Investment and Development Committee, which studies and recommends investment projects, selected based on analyses by the investment team and which monitors the portfolio companies. Based on recommendations from the Investment and Development Committee and relevant teams, the Executive Board makes decisions, which are presented to the Supervisory Board. A specific committee, dedicated to Wendel Growth’s investments, whether direct or via funds, examines plans to acquire and divest assets and makes recommendations. There is also a Coordination Committee, which ensures that information is shared between teams at Wendel’s various locations, and an ESG Steering Committee is in charge of tracking the ESG performance of Wendel and its portfolio companies.

Executive Board

The Executive Board meets at least once every two weeks. During these meetings, the Board makes decisions related to the Group’s day-to-day operations: investments and divestments, financial position, internal organization, and other matters.

Executive Board Advisor: Christine Anglade

The Executive Board has the broadest powers to act on the Company’s behalf under all circumstances.

It exercises these powers within the limits of the Company’s purpose.

The Executive Board draws up and presents strategy, its quarterly report on the Company’s position and outlook, as well as the annual and quarterly financial statements. Each quarter, the Executive Board informs the Supervisory Board of the change in net asset value (NAV) per share.

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Laurent Mignon
Group CEO

Chairman of Bureau Veritas’ Board of Directors

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David Darmon
Member of the Executive Board, Group Deputy CEO

Chairman of Scalian’s Board of Directors

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Laurent Mignon
Group CEO

Chairman of Bureau Veritas’ Board of Directors

Laurent Mignon is Wendel’s Group CEO since December 2nd, 2022, and Chairman of the Board of Bureau Veritas since June 22nd, 2023.

Before joining Wendel, Laurent Mignon served at Groupe BPCE from 2009 to 2022, where he was Chief Executive Officer of Natixis and a member of the Executive Management Committee of BPCE (including a member of the Management Board since 2013) from 2009 to May 2018, and Chairman of the Executive Board of Groupe BPCE from May 2018 to December 2022. He was also Chairman of the Board of Directors of Natixis, Director of CNP Assurances and Censor of Fimalac.

Laurent Mignon worked for Banque lndosuez for over ten years, first in capital markets, then in corporate and investment banking. In 1996, he joined Banque Schroders in London, then AGF (Assurances Générales de France) in 1997 as Chief Financial Officer. He was appointed to the AGF Executive Committee in 1998, then as Deputy Chief Executive Officer in charge of Banque AGF, AGF Asset Management and AGF lmmobilier in 2002, then in charge of life insurance and financial services and credit insurance in 2003. In 2006, he was appointed Chief Executive Officer and Chairman of the Executive Committee. From 2007 to 2009, he was a Managing Partner at Oddo & Cie.

In addition to his functions within the Wendel Group, Laurent Mignon sits on the Board of Directors of LVMH. He is a non-voting member of Oddo BHF.

Laurent graduated from HEC in 1986 and from the Stanford Executive Program.

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David Darmon
Member of the Executive Board, Group Deputy CEO

Chairman of Scalian’s Board of Directors

David Darmon is Wendel’s Group Deputy CEO since September 9th 2019. He joined Wendel in 2005.

In December 2020, Wendel’s Supervisory Board decided to reappoint the Executive Board for a period of four years from April 7, 2021 to April 6, 2025.

David has led numerous investments for the Group. He participated in the investment and oversight of companies such as Allied Universal, CSP Technologies, Deutsch Group, and Stallergenes. David also initiated several investments in the technology sector.

David opened the New York office (Wendel North America), which he led from 2013 until September 2019, when he joined the Executive Board. From 2013 to 2019, Wendel invested approximately $1 billion in the United States.

David previously served as Wendel’s corporate Secretary to the Supervisory Board.

Before joining Wendel, David was a Director of Apax Partners in Paris, where he specialized in LBO transactions for six years. He began his career in M&A at Goldman Sachs in London.

He is a graduate of ESSEC and holds an MBA from INSEAD.

Executive Vice-Presidents

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Jérôme Michiels
Executive Vice-President
Director of Wendel Growth

Board Member of Bureau Veritas and Scalian

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Cyril Marie
Executive Vice-President Strategy and Corporate Development
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Jérôme Michiels
Executive Vice-President
Director of Wendel Growth

Board Member of Bureau Veritas and Scalian

Jérôme Michiels is the Group’s Executive Vice-President, responsible for structuring Wendel’s third-party asset management business. He is also Director of Wendel Growth, member of Wendel’s Management Committee and a voting member of the Investment and Development Committee. He is a Board Member of Bureau Veritas and Scalian.

Jérôme joined Wendel at the end of 2006 as Investment Director and was promoted to Director in January 2010. He was appointed Managing Director in January 2012, and joined the Investment Committee at this date. On October 1, 2015, Jérôme was appointed Chief Financial Officer of the Wendel Group and also joined the Management Committee. On September 11, 2019, he was promoted to Deputy Chief Executive Officer.

From 2002 to 2006, he was an Associate at the investment fund BC Partners. Prior to that, he worked as a consultant at Boston Consulting Group from 1999 to 2002, carrying out strategic missions in Europe, particularly in the fields of distribution, transportation, telecommunications and financial services.

Jérôme is a graduate from HEC.

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Cyril Marie
Executive Vice-President Strategy and Corporate Development

Cyril Marie is in charge of external growth and development projects (M&A, management companies and strategic partnerships) as part of the implementation of the new third-party asset management business within Wendel.

Cyril has over 15 years’ experience in asset management. Prior to joining Wendel, he was Chief Financial Officer, Head of Strategy & Corporate Development and a member of the Executive Committee of Natixis Investment Managers.

Cyril began his career in 1999 with BBSP as a financial analyst. He joined Groupe BPCE in 2002, where he held several positions in the Finance and Strategy Department. In 2009, he joined Natixis Investment Managers to oversee the group’s overall strategy and corporate development opportunities. He became Chief Financial Officer in 2017. In this capacity, he was involved in the development of Natixis’ multi-affiliate model through the acquisition and creation of management companies, and by chairing the Boards of Directors of numerous affiliates.

Cyril Marie is a graduate of Paris-Dauphine University (DEA Finance).

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