The Verallia Executive Committee, which is focused on operations, is composed of members in charge of Group functions and members in charge of Business Operations with heads of key regions. The Committee is focused primarily on driving and implementing the Group’s strategy, monitoring performance and coordinating projects in the different countries and regions of the Group.
The Board of Directors has 10 members and 1 observer and brings together individuals with complementary professional backgrounds and skills.
Chairman and CEO of Verallia since 2017, Michel Giannuzzi, will continue to serve as Chairman. Thanks to the development and implementation of a fruitful value creation strategy, he successfully led Verallia’s initial public offering on the Euronext Paris regulated market in October 2019. Before joining Verallia, he served as Chairman of the Management Board of Tarkett, world leader in innovative solutions for floor coverings and sports surfaces, from 2007 to 2017. During his mandate, he implemented a profitable and sustainable growth strategy, leading to Tarkett’ initial public offering on the Euronext Paris regulated market in 2013. Prior to that, Michel Giannuzzi held a series of executive positions within the Michelin Group and the Valeo Group. He is a graduate of the École Polytechnique and Harvard Business School.
Mr. Patrice Lucas has built his career within the automotive industry for the last 30 years, including 15 years at Tier 1 Automotive Supplier Valeo and 15 years at the original equipment manufacturer PSA/Stellantis. Having graduated in mechanical engineering from the University of Technology of Compiègne, which included a year at the University of Illinois, he obtained a Master’s in Quality Management from the engineering institute ENSAM in Paris and joined Valeo in 1991 as a quality engineer. He subsequently took on various roles there as an engineer, then as a plant Director in Mexico and finally as general manager of a European business unit. In 2006, he joined the PSA group as Senior VicePresident in the engineering organization. In 2010, he was then appointed Light Commercial Vehicles Programme Director, with responsibility for updating the product range and for lifecycle management. In 2014, Mr. Patrice Lucas became Executive Vice-President and a member of the Global Executive Committee, in charge of Corporate Planning and Strategyǿ he was responsible for overseeing strategic plans, optimising R&D, allotting capital expenditure in accordance with the Product Plan, and looking after matters pertaining to commercial development (including the acquisition of Opel). In 2018, he was appointed Head of Latin America Operations at the PSA group. In January 2021, Mr. Patrice Lucas was named Deputy Chief Engineering Officer at Stellantis and joined the Group’s Executive Committee in this capacity.
João Salles, born in 1981, holds a B.A. in Economics from INSPER, an M.A. in Economics and an M.S. in Finance both from Columbia University in New York, and a Ph.D. in Economics from the University of São Paulo. He has been a Managing Director at BWSA, a holding company, since 2017, and is the CEO of its asset management firm, BWGI, where he has a member of the Investment, Risk and Management Committees since 2014. João Salles currently holds positions as Board Member of Itaú Unibanco, of IUPAR (which controls Itaú Unibanco), and is also a member of the Finance Committee of Alpargatas. Between 2013 and 2018, João Salles was a Partner, Investment Professional (MD) and member of Cambuhy Investimentos’ Investment Committee. Prior to that, he worked at the investment bank J.P. Morgan in New York, focusing on M&A, ECM and DCM.
Marcia Freitas is, since 2013, Executive Director and member of the Executive Committee of Brasil Warrant S.A. (BW), where she is responsible for overseing all legal, tax and regulatory matters of the holding company and of BWGI, the group’s asset management subsidiary. Before joining BW, Marcia Freitas worked for more than 25 years as a lawyer in the Brazilian financial industry, 15 of which as head of legal and general counsel for Unibanco and HSBC Brazil. Marcia Freitas obtained her Law Degree at the Rio de Janeiro State University (UERJ) in 1988 and has an LLM in “corporate law” from the New York University School of Law (1993). She also attended the Corporate Governance and Capital Markets for Executives Programme at B.I. International, in partnership with Columbia University and Johns Hopkins University, in 2014.
Sébastien Moynot, born in 1972, is an alumnus of the École Normale Supérieure in Paris and a graduate of the École Nationale de la Statistique et de l’Administration Économique. Since 2013, he has been a member of the Capital Development Steering Committee at Bpifrance Investissement, where he is in charge of equity investments in midcaps and large corporates. Previously, Sébastien Moynot spent around 10 years working in various roles at the Ministry of Finance Treasury Department. He was notably in charge of the transport sector at the Agence des Participations de l’État, and was previously Head of Strategy and then Market Operations at the Agence France Trésor.
Mr. Didier Debrosse has held top managerial positions at several international consumer goods companiesǿ Beiersdorf Nivea, Mondelez International and Heineken. After working in sales, he held positions in purchasing, human resources and finally senior management up to December 2019. At Heineken, he successively headed up French, Western European and Brazilian operations. He played an active role in two major acquisitions for the Heineken groupǿ S&N in 2008 and Brasil Kirin in 2016. This gave him considerable experience in business consolidations and in liaising with competition authorities. Mr. Didier Debrosse has also served as a Director of Chr. Hansen in Denmark and Compania Cervecerias Unidas in Chile. He is currently Chairman of the Board of Directors of Baru Panama and FIFCO in Costa Rica.
Marie-José Donsion, born in 1971, graduated from the European School of Management (Paris) business school and currently serves as Chief Financial Officer of Arkema. Prior to that, she was a director on the Arkema Board of Directors and Chairwoman of its audit committee. Prior to that, within the Alstom Group, she was Chief Financial Officer of the Group, after holding various financial positions within several subsidiaries in France and abroad. Prior to joining Alstom, Marie-José Donsion had begun her career with Pricewaterhouse Coopers in the audit branch.
Virginie Hélias, born in 1965, alumna of HEC Paris (Hautes Etudes Commerciales), has been Vice President in charge of sustainable development in the Procter & Gamble Group since 2016. She has been a member of the Procter & Gamble Group Executive Committee since January 2020. She began her career in 1988 in the same group, where she held various positions in France, the United States and Switzerland in marketing, brand management, sales, innovation and digital, before creating, in 2011, a sustainable development position at the intersection between brand management and the environment department.
Cécile Tandeau de Marsac, born in 1963, a former student of NEOMA Business School, holds a Master’s degree in Economics and has been since 2016, an independent director on the Board of Directors of the Sodexo Group, of which she chairs the Appointments Committee and the Remuneration Committee. From 2012 to 2019, she was General Manager in charge of Human Resources for the Solvay Group in Belgium. From 2011 to 2012, she led the integration of the Rhodia and Solvay groups. Prior to that, she held various positions in the Rhodia Group in the Human Resources Department from 2007 to 2011, and at Nestlé in marketing, sales, communication and human resources from 1987 to 2006.
Pierre Vareille, born in 1957, is a graduate of École Centrale de Paris and alumnus of Sorbonne University, SciencesPo Paris and the Management Control Institute. He was Chief Executive Officer of several international corporations, including Wagon Automotive, a British automotive manufacturer traded on the London Stock Exchange, and FCI, one of the world’s leading manufacturers of electronic connectors. Pierre Vareille served as Chief Executive Officer of Constellium, a global supplier of value-added aluminium products, traded on the New York Stock Exchange until July 2016. He is currently Vice-Chairman of the Board of Directors of Vallourec and director of Outokumpu Oyj, in Finland.
Dieter Müller, born in 1958, has worked for Verallia Deutschland since 1988, where he began his career as a sheet metal operator. He is a member of the Industriegewerkschaft Bergbau-Chemie-Energie (IG-BCE) trade union. In 1993, Dieter Müller was elected as a member of the Essen Works Committee, of which he became Secretary in 1996. In 2010, Dieter Müller was elected Secretary of the Verallia Deutschland Central Works Committee. Since 2017, he was also a member of the Verallia European Works Committee, of which he was elected Deputy Secretary. He resigned from these positions when he was appointed by the Group’s European Works Committee. Dieter Müller has also been a member of the Supervisory Board of Verallia Deutschland for almost 20 years and its Vice-President for more than 10 years.
Xavier Massol, born in 1973, has worked since 2000 for Verallia France in its Albi plant, where he began his career as a multipurpose production employee and has been driving IS machines since 2004. He is a member of the French trade union Confédération Générale du Travail (CGT) and has served as employee-representative on several missions. Among others, he was secretary of the Works Council from 2006 to 2019, deputy secretary of the French group committee and director of the VOA health insurance plan and he also sat on the Hygiene, Safety and Working Conditions Committee and on the VOA supervisory board.
Ms Beatriz Peinado Vallejo, born in 1970, a graduate of Law School at Complutense University of Madrid, holds a Master degree in Compliance by the Charles III University of Madrid. From 2007 to 2015, she was Head of Legal Department at Loxam-Hune Group (rental of equipments for construction and public building) for Iberia. From 2005 to 2007, she was Vice-Director of Legal Department at Sigla, S.A. (VIPS Group) in Iberia, dedicated to leisure and restoration activities. Prior to that, from 1996 to 2005, she was Head of Legal Department at Tengelmann España, S.A. (Tengelmann Group), dedicated to hard-discount supermarkets, for Iberia. She is currently Verallia Iberia´s Legal Director, compliance officer and Secretary of the Board of Directors.
Guilherme Bottura, born in 1979, graduated from the Polytechnic School of the University of São Paulo with a bachelor’s degree in production engineering. Mr Bottura is Managing Director of BWGI, the global asset management division of BWSA, and has been a member since 2018 of the BWGI Investment Committee, Risk Committee and Management Committee. Mr Bottura is currently a director, a member of the Finance Committee and the Audit Committee of Eneva SA and a member of the Finance Committee of Alpargatas SA and a member of the Audit Committee of Fundo Patrimonial Amigos da Poli, an endowment fund affiliated with the Polytechnic School of the University of São Paulo. Between 2011 and 2018, Mr. Bottura was a partner and member of the Investment Committee of Cambuhy Investimentos. Before that, he has been portfolio manager at Lanx Capital between 2009 and 2011 and was a Vice-President at Goldman Sachs between 2005 and 2009.
The mission of the Audit Committee is (i) to monitor issues relating to the preparation and control of accounting and financial information, and (ii) to ensure the effectiveness of the risk monitoring and operational internal control system, in order to facilitate the Board of Directors’ performance of its control and audit duties in this area.
Within this framework, the Audit Committee’s duties include:
The Audit Committee is composed of Ms Marie-José Donsion (Chairwoman), Brasil Warrant Administração de Bens e Empresas S.A (represented by Ms Marcia Freitas) et Mr. Didier Debrosse.
The missions of the Nomination Committee are to assist the Board of Directors in the composition of the Company’s and its Group’s management bodies.
As part of such missions, the duties of the Nomination Committee include:
The Nomination Committee is composed of Ms Cécile Tandeau de Marsac (Chairwoman), BW Gestão de Investimentos Ltda. (represented by Mr. João Salles), Ms Virginie Hélias and Mr. Pierre Vareille.
The missions of the Compensation Committee are to assist the Board of Directors in the determination and regular assessment of all the compensation and benefits to officers of the Company, including all deferred benefits and/or voluntary or forced severance packages of the Group.
As part of such missions, the duties of the Compensation Committee include:
The Compensation Committee is composed of Ms Cécile Tandeau de Marsac (Chairwoman), BW Gestão de Investimentos Ltda. (represented by Mr. João Salles), Ms Marie-José Donsion, Mr. Dieter Müller and Mr. Pierre Vareille.
The mission of the Sustainable Development Committee is to monitor the inclusion of corporate social responsibility matters in the Group’s strategy.
Within this framework, the Sustainable Development Committee’s duties include:
The Sustainable Development Committee is composed of Ms Virginie Hélias (Chairwoman), Bpifrance Investissement (represented by Mr. Sébastien Moynot), Mr. Michel Giannuzzi, Mr. Xavier Massol and Ms Beatriz Peinado Vallejo.
The missions of the Strategic Committee are to assist the Board of Directors in the development and implementation of the Group’ strategic orientations.
As part of such missions, the duties of the Strategic Committee include:
The Strategic Committee is composed of Mr. Pierre Vareille (Chairman), BW Gestão de Investimentos Ltda. (represented by Mr. João Salles), Mr. Didier Debrosse and Mr. Michel Giannuzzi.