Proposed Changes to Capgemini's Board Before 2025 Meeting
Proposed Changes to Capgemini's Board of Directors
Capgemini SE is set to propose notable adjustments to its Board of Directors during its upcoming Shareholders’ Meeting. With a focus on innovation and diversity, the company aims to enrich its governance framework.
Meeting Deliberations
The decision regarding the Board's composition was made during a recent Board meeting, where discussions were led based on the recommendations from the Ethics & Governance Committee. The changes will be formally presented at the Shareholders’ Meeting scheduled for May 7, 2025.
Director Renewals and New Appointments
The Board intends to renew the terms of office for Patrick Pouyanné and Kurt Sievers while also proposing the addition of Jean-Marc Chéry to the Board for a four-year term. This initiative reflects Capgemini's commitment to enhancing the diversity and breadth of expertise within its leadership.
Introducing Jean-Marc Chéry
Jean-Marc Chéry, who is currently the President and CEO of STMicroelectronics, brings a wealth of experience to the role. His comprehensive background in technology and industry, especially in sectors like automotive and energy, aligns with Capgemini's strategic direction. Chéry is recognized for his significant contributions to advancing sustainable technological innovations.
Independence of Board Members
As part of Capgemini's governance standards, the Board evaluates the independence of its members in accordance with the AFEP-MEDEF Code. Chéry meets these criteria, reinforcing the Board's integrity and commitment to independent oversight.
Expected Board Composition
Once the proposed changes are adopted, Capgemini’s Board will consist of 15 directors. Notably, 83% of these members will be recognized as independent, while 40% will have international professional backgrounds and 42% will be women. This composition aims to foster an inclusive decision-making environment.
Jean-Marc Chéry's Background
Jean-Marc Chéry's career trajectory is impressive, having served as CEO of STMicroelectronics since May 2018. His educational foundation includes a degree from the prestigious École Nationale Supérieure d’Arts et Métiers in Paris. Starting his career at Matra, he transitioned through various roles in STMicroelectronics, showcasing his versatility in management and technology oversight.
Leadership Roles and Contributions
Chéry has held influential positions in the company, including Chief Technology Officer and Deputy CEO, where he oversaw critical aspects of manufacturing and technology strategy. His leadership extends beyond STMicroelectronics; he chairs the Global Semiconductor Alliance and has been an active member of France Industrie, advocating for the semiconductor sector.
Capgemini's Vision
As a leading global business and technology partner, Capgemini specializes in guiding organizations through their digital and sustainable transformations. The company prides itself on its diverse workforce of 340,000 professionals operating in over 50 countries. Leveraging its 55-year legacy, Capgemini integrates advanced technologies like AI and cloud solutions to drive innovation and growth for clients worldwide.
A Commitment to Responsible Transformation
Capgemini remains devoted to addressing complex business needs, ensuring that its clients benefit from comprehensive services ranging from strategy to engineering. The company's strong ethical foundation is reflected in its 2023 global revenues, which reached €22.5 billion, underscoring its position as a trusted partner in technology and business transformation.
Frequently Asked Questions
What changes are being proposed for Capgemini's Board?
Capgemini proposes to renew the terms for two current directors and appoint Jean-Marc Chéry to enhance diversity and expertise.
Who is Jean-Marc Chéry?
Jean-Marc Chéry is the President and CEO of STMicroelectronics, known for his experience in technology and sustainable innovations.
When will the changes to the Board be addressed?
The proposed changes will be discussed at the Shareholders' Meeting on May 7, 2025.
What percentage of Capgemini's Board will be independent after these changes?
After the changes, 83% of the Board members will be independent.
How does Capgemini support transformation?
Capgemini assists organizations in their dual transition to digital and sustainable operations, utilizing innovative technology solutions.
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