€321m since 1995 (2)
4 board members
Bureau Veritas is ideally positioned in markets driven by long-term, structural trends. QHSE regulations and standards are proliferating and becoming tougher to meet. Increasingly, certification and inspection activities are being outsourced. Health and environmental protection standards are becoming more stringent. And trade has become global.
Since it was founded in 1828, Bureau Veritas has gradually built up its globally renowned expertise. The market that Bureau Veritas addresses has numerous barriers to entry. Operating certification and approval are mandatory in each country. Service providers must offer a comprehensive range of inspection services (in particular for major clients) and extensive geographical coverage both locally and internationally. They must provide high value-added solutions through first-rate technical expertise and enjoy a reputation of independence and integrity. Wendel has gradually increased its holding in Bureau Veritas. When Wendel made its initial €25 million investment in 1995, obtaining 19% of the share capital, Bureau Veritas generated annual sales of less than €400 million. Wendel then supported the Company’s growth, until it held 99.2% of the capital in 2004. In 2007 Bureau Veritas was listed on the stock exchange, enabling it to continue its international expansion.
Bureau Veritas reaffirms its 2020 ambition:
The Group is also committed to its extra-financial performance. The main extra-financial targets of Bureau Veritas for 2020 are as follows:
(1) At the 2015 plan’s initial exchange rates, as presented at the October 2015 Investor Days.
(2) TAR: Total Accident Rate; LTR: Lost Time Rate. Compared to 2014 consolidated results
(3) Compared to 2015 consolidated results.
Chairman of the Board
Board of Directors
André François-Poncet (Vice-Chairman)
André François-Poncet (Chairman)
Nomination & Compensation Committee
Audit and Risk Committee