investors

Governance

Executive Management Committee

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.

Michel Giannuzzi - Chairman and Chief Executive Officer

Michel Giannuzzi has been Chairman and Chief Executive Officer of Verallia since September 2017. From 2007 to 2017, he served as Chief Executive Officer of Tarkett, a worldwide leader in innovative flooring and sports surface solutions. During his tenure, he pursued a strategy of profitable and sustainable growth, leading to Tarkett’s successful listing on the stock exchange in 2013. Prior to that, Michel held several senior positions within the Michelin and Valeo groups. He graduated from Ecole Polytechnique and Harvard Business School.

Didier Fontaine - Chief Financial Officer

Didier Fontaine has been Chief Financial Officer of Verallia since February 2018. Since the end of 2016, he had been Chief Administrative and Financial Officer and member of the Management Board of Zodiac Aerospace. From 2012 to 2016, Didier served as Chief Administrative and Financial Officer of Constellium, where he led its initial public offering on the New York and Paris stock exchanges in mid-2013. Prior to that, Didier was Executive Vice President, Administration and Finance, of Plastic Omnium, Chief Administrative and Financial Officer of Inergy Automotive and Faurecia Echappement. Didier began his career in finance in Canada and Brazil before joining Schlumberger in 1995 where he held various financial positions. Didier graduated from Sciences Po Paris and holds a Master’s degree in Econometrics from the University of Lyon.

Olivier Rousseau - General Manager of Verallia France

Olivier Rousseau was appointed General Manager of Verallia France in June 2018. Before joining Verallia, he was notably in charge of Goodyear’s automotive and motorcycle business for the EMEA region. Olivier has spent more than 20 years in the tire industry and has held the position of General Manager in many countries in the EMEA region. Throughout his career, he focused in particular on business growth and the operational efficiency of the divisions he headed. Olivier graduated from the University of Paris Dauphine.

Marco Ravasi - General Manager of Verallia Italia

Marco Ravasi has been General Manager of Verallia Italia since January 2015 and has more than 20 years of industrial experience, including 12 years in the glass industry. He previously held numerous positions at Saint-Gobain, including General Manager of Saint-Gobain Glass (flat glass) in Italy, General Manager of Saint-Gobain Sekurit Italia (automotive glazing) and General Manager of SEPR (Saint-Gobain’s ceramic division) in Italy, as well as technical and R&D positions. He holds a degree in chemical engineering from Politecnico di Milano.

Paulo Pinto - General Manager of Verallia Iberia

Paulo Pinto has been General Manager of Verallia in Iberia (Spain and Portugal) since October 2015. During his 27 years at Verallia, he held various positions, including General Manager Portugal. Before joining Verallia, he worked in an industrial brewery (now part of the Heineken group) and for Toyota. He is a graduate of the Instituto Português de Administraçao de Marketing (IPAM) and holds a post-graduate degree in Management from the Porto Business School (EGP).

Quintin Testa Dominguez - General Manager of Verallia Latin America

Quintin Testa Dominguez was appointed General Manager of Verallia in Latin America in September 2018. Previously, he served as Vice President of Valeo’s Powertrain Transmission division since 2015, and, before that, as Quality and Project Management Director in the same group. Prior to that, he joined Nemak in operations management in Mexico. Quintin began his professional career as General Manager of Quality Assurance at Nissan in Mexico. Quintin graduated as a mechanical engineer from Monterrey Tech in Mexico and holds a Master’s degree in quality and productivity.

Hugues Denissel - General Manager of Verallia Northern and Eastern Europe

Hugues Denissel has been General Manager of Verallia in Northern and Eastern Europe (Germany, Russia, Poland and Ukraine) since 2016. Prior to that, he was General Manager of Verallia in Latin America since 2014. He has 24 years of experience and has held numerous positions in the glass industry, including Senior Vice President Industrial and Engineering of Verallia in North America, General Manager of Saint-Gobain Glass (flat glass) in Poland and various other technical positions. He holds an engineering degree from the Ecole Nationale Supérieure des Arts et Métiers.

Denis Michel - General Secretary

Denis Michel has been General Secretary of Verallia since October 2013. He worked in particular on the divestment of the company from Saint-Gobain group. He spent most of his career at Saint-Gobain in business development positions in Latin America, the Middle East and Africa, and then in senior management positions in China and France. Denis began his career in the French Navy.

Alice Mouty - Legal Director

Alice Mouty has been Legal Director of Verallia since the early 1990s. She is also in charge of managing the Group’s insurance policies. She participated in particular in the sale by Saint-Gobain Group of the entities belonging to Verallia Group in 2015, the sale of Verallia North America in 2014, the contemplated initial public offering in 2011, and the sale of Saint-Gobain Desjonquères in 2007 (the flasks business of Saint-Gobain’s packaging division), the sale of Saint-Gobain’s Verreries (the glassware business of the same division) and in various acquisitions in the Ukraine, Poland, Russia, Argentina and Chile in the early 2000s, as well as in the acquisitions of the Group’s main European entities. Alice graduated from the law faculties of the Clermont-Ferrand and Nancy universities.

Yves Merel - Industrial Director

Yves Merel has been Industrial Director of Verallia since January 2018. He is also in charge of Operational Excellence, Quality and EHS (environment – health – safety). Previously, he was Executive Vice President in charge of Operational Excellence at Framatome, and, prior to that, Executive Vice President of Lean Transformation and EHS at Constellium. Yves began his career in 1991 at Legrand before joining Valeo Group, where he held various industrial management positions for 10 years. Yves holds a degree in engineering from the University of Technology of Compiègne and a management degree from Harvard University.


Board of directors

The Board of Directors has 12 members and brings together individuals with complementary professional backgrounds and skills. The appointment of two directors representing employees to the Board of Directors is expected shortly.

Michel Giannuzzi - Chairman and Chief Executive Officer

Michel Giannuzzi has been Chairman and Chief Executive Officer of Verallia since September 2017. From 2007 to 2017, he served as Chief Executive Officer of Tarkett, a worldwide leader in innovative flooring and sports surface solutions. During his tenure, he pursued a strategy of profitable and sustainable growth, leading to Tarkett’s successful listing on the stock exchange in 2013. Prior to that, Michel held several senior positions within the Michelin and Valeo groups. He graduated from Ecole Polytechnique and Harvard Business School.

Robert Seminara (member representing Apollo)

Robert Seminara, 47, holds a degree in economics from the University of Pennsylvania’s Wharton School of Business. From 1994 to 1996, he worked as a financial analyst in the Media & Communications division of Lazard Frères & Co. In 1996, he was appointed Vice-President of Private Equity at Evercore Partners, where he remained until 2003. In the same year, he joined Apollo as partner in the Private Equity department. Since 2012, he has been senior partner in the Private Equity department at Apollo Management International LLP. In addition, he has been Head of Europe and Head of European Private Equity at Apollo Management International LLP since 2018.

Claudia Scarico (member representing Apollo)

Claudia Scarico, 32, holds a master’s degree in finance from the University of Bocconi in Italy. Claudia Scarico began her career as an analyst with Morgan Stanley, a position she held from 2011 until 2014. Since 2014, she has been Principal at Apollo Management International LLP.

Pierre Vareille (member representing Apollo)

Pierre Vareille, 61, is a graduate of the École Centrale de Paris (1981) and a former student at the Université de la Sorbonne. He has held several positions as Chief Executive Officer with international corporations, including Wagon Automotive, the British automobile equipment manufacturer, and FCI, one the world’s leading suppliers of electronic connectors. Pierre Vareille served as Chief Executive Officer of Constellium until July 2016. Mr. Vareille is Chairman of the Board of Directors of the Bic company and a member of the Board of Etex SA and Outokumpu Oyj. He is also co-founder of The Vareille Foundation, a Swiss foundation of recognized public interest.

Brasil Warrant Administração de Bens e Empresas S.A. (BWSA), represented by João Salles

João Salles, 38, holds a B.A. in Economics from INSPER, an M.A in Economics and an M.S. in Finance both from Columbia University, and a Ph.D. in Economics from the University of São Paulo. Mr. Salles has been a Managing Director at BWSA, a holding company, and a member of the Investment, Risk and Management Committees of BWGI, an asset manager, since 2017. Mr. Salles currently holds positions as Board Member of Itaú Unibanco, of IUPAR (which controls Itaú Unibanco), and also of XP Investimentos. Between 2013 and 2018, Mr. Salles was a Partner, Investment Professional and member of Cambuhy Investimentos’ Investment Committee. Prior to that, he worked in M&A Investment Banking at J.P. Morgan, based in New York.

Bpifrance Participations represented by Sébastien Moynot

Sébastien Moynot, 47, is an alumnus of the École Normale Supérieure in Paris. He holds a postgraduate degree in probability and is a mathematician. He is also 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. He joined the Fonds Stratégique d’Investissement when it was created in 2009, as Head of Investment. 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.

Marie-José Donsion (Independent member)

Marie-José Donsion, 47, former student of the ESCP (European school of management), has been Arkema’s Chief Financial Officer since 2018. She was also a director of the Group and chaired its audit committee until May 2018. Previously, Marie-José Donsion was with the Alstom Group, where she held various positions in the Finance Department in France, Spain and Switzerland from 1997 to 2015, before taking up the position of Group Chief Financial Officer from 2015 to 2017.

Cécile Tandeau de Marsac (Independent member)

Cécile Tandeau de Marsac, 55, former student of the Rouen Business School with two masters’ degrees in Marketing and Economy, has been Solvay’s Group General Manager, Human Resources in Belgium since 2012. She is also an independent director of the Sodexo Group since 2016, and chairs its Compensation Committee. From 2011 to 2012, she led the integration of the Rhodia and Solvay groups. She previously held various positions in Rhodia’s Human Resources Department from 2007 to 2011. Previously, Cécile Tandeau de Marsac was with Nestlé Waters, where she held various positions from 1987 to 2005 in marketing, sales, communication and career development, before being appointed Director of Human Resources, Marketing and Finance at Nestlé Waters from 2005 to 2007. 

Virginie Helias (Independent member)

Virginie Helias, 53, former student of HEC Paris (Hautes Etudes Commerciales), is Vice President Global Sustainability in the Procter & Gamble Group since 2016. 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 taking over as Global Sustainability Director in 2012.

José Arozamena (Independent member)

José Arozamena, 59, an industrial and systems engineer graduated from the University of Los Angeles, California, founded Cambium in 1996, a family investment vehicle that has invested in various companies in the United States, Europe and Latin America. Mr. Arozamena is also a director of Mineraqua-Agua Castello and North Sails. Between 2005 and 2008, José Arozamena was an operational partner of funds III and IV of the Lehman Brothers investment bank. From 2003 to 2005, he led investments in American Rice and Mineraqua-Agua Castello. From 1995 to 2003, José Arozamena was Chairman and Chief Executive Officer of Alpha Private Equity Group, a private investment vehicle.

Fabrice Nottin - Observer

Fabrice Nottin, 41, holds a degree in finance and strategy from the École supérieure des sciences économiques et commerciales (ESSEC) in Paris. Prior to joining Apollo, Fabrice Nottin was a senior partner at Lion Capital LLP from 2005 to 2011. Since 2011, he has been a partner at Apollo Management International LLP.

Guilherme Bottura - Observer

Guilherme Bottura, 40, holds a bachelor’s degree in Production Engineering from the Escola Politécnica da Universidade de São Paulo. Mr. Bottura has been a Managing Director BWGI, the global asset management arm of BWSA, and a member of the Investment, Risk and Management Committees of BWGI since 2018. Mr. Bottura currently holds positions as Board Member, member of the Finance and Statutory Audit committees of Eneva SA, and member of the Finance committee of Alpargatas SA. Between 2011 and 2018, Mr. Bottura was a Partner and member of Cambuhy Investimentos’ Investment Committee. Prior to that, he was a Portfolio Manager at Lanx Capital from 2009 to 2011 and Vice-President at Goldman Sachs between 2005 and 2009.


Committees of the Board of Directors

The Board has established three committees: the Audit Committee, the Appointments and Compensation Committee and the Sustainable Development Committee.

  1. Audit Committee
    • The Audit Committee has the task of overseeing matters pertaining to the preparation and control of accounting and financial information and the effectiveness of the operational risk monitoring and internal control system. Where appropriate, it makes recommendations to ensure the integrity of the system in order to enable the Board of Directors to carry out the relevant monitoring and investigations.
    • The Audit Committee is composed of Ms. Marie-José Donsion (Chairwoman), Ms. Claudia Scarico and Mr. José Arozamena
  2. Appointments and Compensation Committee
    • The Appointments and Compensation Committee is a specialised Board committee whose main duties are to assist the Board in (i) appointing members of the governing bodies of the Company and Group, and (ii) calculating and regularly reviewing the compensation and benefits of the Company’s executive officers, including any deferred benefits and/or benefits arising upon voluntary or involuntary departure from the Group.
    • The Appointments and Compensation Committee is composed of Ms. Cécile Tandeau de Marsac (Chairwoman), Mr. Pierre Vareille, BWSA (represented by Mr. João Salles) and Mr. José Arozamena.
  3. Sustainable Development Committee
    • The role of the Sustainable Development Committee is to monitor environmental and social issues.
    • The Sustainable Development Committee is composed of Ms. Virginie Hélias (Chairwoman), Mr. Michel Giannuzzi, Bpifrance Participations (represented by Mr. Sébastien Moynot) and the two employee representatives sitting on the Board of Directors (to be elected soon).

Bylaws and internal regulations