Significant Governance Changes at Aramis Group Announced
Governance Changes at Aramis Group
In a significant move aimed at enhancing its governance, Aramis Group has announced several key changes following a recent meeting of the Board of Directors. These developments highlight the company’s commitment to robust leadership and strategic direction.
New Addition to the Board
With the resignation of Linda Jackson, the Board welcomed Anne Abboud as the new Director representing Stellantis. Abboud's extensive experience in the automotive sector is expected to provide valuable insights into the company’s future strategies. Her term will continue until the conclusion of Jackson's original term, which aligns with the upcoming Annual General Meeting.
Background of Anne Abboud
Anne Abboud brings over 35 years of diverse experience to Aramis Group, encompassing various segments such as production, sales, and logistics. As the Head of Stellantis Pro One, she has successfully driven initiatives focusing on sustainable growth and customer satisfaction. Abboud's expertise will contribute significantly to the company’s ongoing growth and transformation efforts.
Leadership Rotation Implemented
Continuing its unique governance model established at the time of the IPO, Aramis Group has also announced a rotation in executive leadership. Effective June 8, 2025, Nicholas Chartier will transition from Deputy CEO to Chairman of the Board and CEO, while Guillaume Paoli will step into the Deputy CEO position after serving as Chairman and CEO.
Strategic Board Composition
The current Board consists of nine members, including the two co-founders, four Stellantis representatives, and three independent directors. This diverse composition not only ensures independence but also enhances gender diversity, meeting industry recommendations while fostering a dynamic decision-making environment.
Commitment to Best Governance Practices
Meetings between the Audit Committee and the CSR Committee remain consistent, while Abboud's addition to the Appointments and Remuneration Committee reflects the company's focus on maintaining high standards in governance practices.
About Aramis Group
Aramis Group stands as Europe’s leading player in B2C online used car sales, actively operating across six countries. With over two decades of experience, the company has continuously innovated within its market, emphasizing sustainability and a commitment to the circular economy. Notably, Aramis Group generates annual revenues exceeding €2 billion, facilitating the sale of over 110,000 vehicles each year while being a prime destination for close to seventy million digital visitors annually. The firm operates eight refurbishing centers throughout Europe, maintaining a workforce of more than 2,400 employees. As it continues to prioritize customer satisfaction and engagement, Aramis Group is recognized on Euronext Paris under the Ticker: ARAMI.
Frequently Asked Questions
What governance changes were announced at Aramis Group?
The Board of Directors has co-opted Anne Abboud as a new Director and implemented a rotation in leadership roles among its executives.
Who is Anne Abboud?
Anne Abboud is an experienced executive with over 35 years in the automotive industry, currently leading Stellantis Pro One focused on sustainable growth.
When will the leadership transitions take place?
The leadership changes will be effective June 8, 2025, coinciding with the Board's new governance initiatives.
How is the Aramis Group Board structured?
The Board consists of nine members, ensuring a mix of Stellantis representatives and independent directors, promoting diversity and oversight.
What is the primary focus of Aramis Group?
Aramis Group focuses on B2C online used car sales and aims to lead in sustainability and customer satisfaction in the automotive sector.
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