Stéphane Cassagne Joins ARGAN's Executive Board
ARGAN has made a significant announcement with the appointment of Stéphane Cassagne to its Executive Board. This decision, which follows the recommendation of the Nomination and Remuneration Committee, will take effect on September 1, 2024, and represents an important milestone for the company.
Expertise in Logistics and Real Estate
At 57 years old, Stéphane Cassagne brings a wealth of knowledge and experience to his new position. He holds a master's degree in commercial law and a postgraduate diploma in business law, building a distinguished career in the logistics sector. His previous executive roles at GEODIS have provided him with valuable insights that will help propel ARGAN's strategic initiatives.
Understanding ARGAN's Vision
Cassagne is already familiar with ARGAN, having served on the Supervisory Board from 2019 to 2021. This background has given him a comprehensive understanding of the company's operations and its commitment to client satisfaction. As the new Director of Asset Management, he will manage the real estate portfolio, succeeding Frédéric LARROUMETS, who is leaving to embark on an entrepreneurial venture.
Strengthening the Executive Board
The addition of Cassagne enhances the Executive Board's diverse expertise. Under the guidance of Ronan Le Lan, the team now 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 his appreciation for Frédéric LARROUMETS's 14 years of service and wished him success in his future endeavors. He is optimistic about the positive impact Cassagne will have on improving service quality for ARGAN's client-tenants.
Future Financial Calendar
As ARGAN continues to expand, it has laid out its financial calendar for the upcoming quarters. Key dates to note 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 distinguishes itself as the only French real estate company dedicated to the development and rental of premium warehouses. This focus has established it as a significant player in the market, utilizing a client-tenant-centric approach throughout all phases of its projects. The company’s commitment to profitability, sustainable practices, and innovation, exemplified by initiatives like the Aut0nom® concept, reflects its forward-thinking strategy.
About ARGAN
Listed on Euronext, ARGAN specializes in premium warehouse development and rental. As of June 30, 2024, its portfolio encompasses over 3.6 million sq.m of warehouse space, valued at €3.8 billion, generating around €200 million in annual rental income. The company is recognized for its strong commitment to ESG principles and its active role in promoting sustainable business practices.
Frequently Asked Questions
Who is Stéphane Cassagne?
Stéphane Cassagne is the newly appointed Director of Asset Management at ARGAN, bringing extensive experience in logistics and a solid educational background in law.
What did Frédéric Larroumets do at ARGAN?
Frédéric Larroumets served as the Director of Asset Management before departing to pursue new entrepreneurial opportunities.
What is ARGAN’s core business focus?
ARGAN specializes in the development and rental of premium warehouses, primarily serving blue-chip clients.
How large is ARGAN's property portfolio?
As of June 30, 2024, ARGAN's property portfolio covers over 3.6 million sq.m and is valued at approximately €3.8 billion.
What financial updates are upcoming for ARGAN?
ARGAN has planned several important financial announcements, including quarterly sales results and annual performance updates, scheduled through early 2025.
