Stéphane Cassagne Joins ARGAN's Executive Board and Portfolio
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Stéphane Cassagne Joins ARGAN's Executive Board
In a significant move for ARGAN, the Supervisory Board has announced the appointment of Stéphane Cassagne to their Executive Board. This decision, made upon the recommendation of the Nomination and Remuneration Committee, marks an important step for the company, effective from September 1, 2024.
Expertise in Logistics and Real Estate
Stéphane Cassagne, a seasoned professional at 57 years old, brings a wealth of experience to his new role. With a master's degree in commercial law and a postgraduate diploma in business law, he has built an impressive career in the logistics sector. His previous executive roles at GEODIS have equipped him with the insights necessary to drive ARGAN's strategy forward.
Understanding ARGAN's Vision
Cassagne's familiarity with ARGAN is noteworthy; he served on the Supervisory Board from 2019 to 2021. This experience has given him a deep understanding of the company's operations and its client-centric approach. As Director of Asset Management, he will oversee the real estate company's portfolio, stepping in after Frédéric LARROUMETS, who is leaving to pursue an entrepreneurial project.
Strengthening the Executive Board
With Cassagne’s arrival, the Executive Board is now fully equipped with diverse expertise. Under the leadership of Ronan Le Lan, the team includes:
- Francis Albertinelli, CFO
- Aymar de Germay, General Secretary
- Stéphane Cassagne, Director of Asset Management
Jean-Claude Le Lan, Founder and Chairman of the Supervisory Board, expressed gratitude to Frédéric LARROUMETS for his 14 years of dedication, wishing him success in his future endeavors. He is optimistic about the contributions Cassagne will make to enhance service quality for ARGAN's client-tenants.
Future Financial Calendar
As ARGAN continues to grow, it has outlined its financial calendar for the upcoming quarters. Notable dates include:
- October 1: Net sales for the third quarter
- January 3: Net sales for the fourth quarter
- January 16: Annual results announcement
- March 20: General Assembly 2025
Investing in Innovation and Sustainability
ARGAN stands out as the only French real estate company focusing on the development and rental of premium warehouses. This specialization has made it a key player in the market, leveraging a client-tenant-centric approach that encompasses all project phases. The company's commitment to profitability, sustainable practices, and innovation through initiatives like the Aut0nom® concept speaks volumes of its forward-thinking strategy.
About ARGAN
As a listed real estate investment company on Euronext, ARGAN focuses on premium warehouse development and rental. As of June 30, 2024, its portfolio boasts over 3.6 million sq.m of warehouse space, valued at €3.8 billion, generating approximately €200 million in annual rental income. The company is recognized for its strong adherence to ESG principles and active contribution to sustainable business practices.
Frequently Asked Questions
Who is Stéphane Cassagne?
Stéphane Cassagne is the newly appointed Director of Asset Management at ARGAN, with extensive experience in logistics and a strong educational background in law.
What did Frédéric Larroumets do at ARGAN?
Frédéric Larroumets served as the Director of Asset Management before leaving to pursue new entrepreneurial ventures.
What is ARGAN’s core business focus?
ARGAN specializes in the development and rental of premium warehouses, catering primarily to blue-chip clients.
How large is ARGAN's property portfolio?
As of June 30, 2024, ARGAN's property portfolio spans over 3.6 million sq.m and is valued at approximately €3.8 billion.
What financial updates are upcoming for ARGAN?
ARGAN has scheduled several important financial announcements, including quarterly sales results and annual performance updates, happening through early 2025.
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