The Board of Directors

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Balanced in its composition and enriched with the diversity of its members, the Board of Directors determines the orientations of the company's activities and monitors their implementation.

The mission of the Board of Directors is to ensure control of the economic and financial management of the group, to validate the strategic directions proposed to the Board by senior management, and to ensure their implementation. It works in a cooperative spirit, with the active support of four committees: the Strategy and Sustainable Development Committee, the Audit Committee, the Human Resources and Remuneration Committee, and the Appointments and Governance Committee. In the Board's deliberations, strategy is regularly examined in depth through the development of brands, countries and markets in which the group is active, but also the commitments made regarding sustainable development. The Board is also very concerned with the major evolutions in Research and Innovation. Missions on line with the challenges of tomorrow.

With a wealth of experience and diversity in its directors, the Board of Directors is very involved in the corporate project that drives L’Oréal, namely universalization and beauty for everyone. It fully assumes its role of validating strategic directions, while opening up new paths for progress with regard to governance.
Jean-Paul Agon Chairman and CEO of L’Oréal

Composition of the Board of Directors: diversity of talent and experience

The Board of Directors consists of 14 members. Its composition is balanced, with in particular three directors who are members of the Bettencourt family, three directors from Nestlé S.A., as well as a reference shareholder, and six independent directors. Each director brings a unique perspective and expertise acquired over a career, in most instances international. This combination of talents and experience is conducive to dynamic and constructive exchanges that senior management and the executive committee can rely on to accompany the implementation of the group's strategy.

Jean-Paul Agon (1)

Age: 57. Chairman and CEO of L'Oréal, board member since 2006, term of office renewed in 2010. Air Liquide Board member.

Jean-Pierre Meyers (2)(5)(6)(8)

Age: 65. L'Oréal Board member since 1987, term of office renewed in 2012, Vice-Chairman of the Board of Directors. Vice-Chairman of the Supervisory Board and Chief Executive Officer of the family-owned company Téthys, Nestlé SA (Switzerland) Board member.

Peter Brabeck-Letmathe (2)(5)(6)

Age: 69. Austrian. Chairman of the Board of Directors of Nestlé. L'Oréal Board member since 1997, term of office renewed in 2013, Vice-Chairman of the Board of Directors. Vice-Chairman of the Board of Directors of Crédit Suisse Group (Switzerland), Chairman of the Board of Directors of Delta Topco Limited (Jersey) and of Exxon Mobil (United States).

Françoise Bettencourt Meyers (2)

Age: 60. Daughter of Mrs. Bettencourt. Chairwoman of the family-owned holding company Téthys and Chairwoman of the Bettencourt Schueller Foundation. Board member since 1997, term of office renewed in 2013.

Paul Bulcke (2)

Age: 59, Belgian, with Nestlé since 1979, and managing director since 2008. L'Oréal Board member since April 2012 and Board member of Roche Holding in Switzerland.

Charles-Henri Filippi (6)(8)

Age: 61. Former Chairman-and CEO of HSBC France. L'Oréal Board member since 2007, term of office renewed in 2011. France Telecom Board member, Supervisory Board member of Euris and Censor of Nexity. He is Chairman of Citigroup for France.

Xavier Fontanet (3)

Age: 65. Former Chairman and CEO of Essilor. L'Oréal Board member since 2002, term of office renewed in 2010. Crédit Agricole SA. Board member. Member of the Supervisory Board of Schneider Electric.

Bernard Kasriel (2)(5)(4)

Age: 67. Former CEO of Lafarge. L'Oréal Board member since 2004, term of office renewed in 2012. Board member of Arkema and of Nucor (United States).

Christiane Kuehne (8)

Age: 58, Swiss, with Nestlé since 1977, heads the Food Strategic Business Unit. L'Oréal Board member since April 2012.

Marc Ladreit de Lacharrière

Age: 73. Member of the Institute. With L'Oréal from 1976 to 1991. Chairman and CEO of Fimalac. Chairman of Fitch (United States). L'Oréal Board member since 1984, term of office renewed in 2010. Board member of Casino, the Lucien Barrière Group and Renault.

Jean-Victor Meyers

Grandson of Mrs. Liliane Bettencourt, Age: 27, Member of the Supervisory Board of Téthys and L'Oréal Board member since 2012.

Virginie Morgon (8)

Age: 44. With Eurazeo since 2008, one of the first investment companies to be listed in Europe. Member of the Executive Board and Chief Investment Officer. L'Oréal Board member since 2013.

Annette Roux

Age: 71. Chairman-and CEO of Bénéteau from 1976 to 2005, Vice-Chairperson of the Supervisory Board since then. L'Oréal Board member since 2007, term of office renewed in 2011.

Louis Schweitzer (2)(7)

Age: 71. Chairman-and CEO of Renault from 1992 to 2005, Chairman of the Board of Directors until 2009. L'Oréal Board member since 2005, term of office renewed in 2013. Chairman of the Board of Directors of AB Volvo (Sweden) and of Astra Zeneca (Inted Kingdom). Board member of BNP Paribas and of Veolia Environnement. Member of the Consultative Board of Allianz AG and Bosch (Germany).

Under the Articles of Association, L'Oréal's mandate for Board members is four years or less, renewable, to enable staggered terms of office. Each director holds at least 1,000 L'Oréal shares.

(1) Chairman of the Strategy and Sustainable Development Committee.

(2) Member of the Strategy and Sustainable Development Committee.

(3) Chairman of the Nominations and Governance Committee.

(4) Chairman of the Human Resources and Remuneration Committee.

(5) Member of the Human Resources and Remuneration Committee.

(6) Member of the Human Resources and Remuneration Committee.

(7) Chairman of the Audit Committee.

(8) Member of the Audit Committee.