Changes in 2024
The Annual General Meeting of 23 April 2024 appointed Jacques Ripoll as a Director for a four-year term.
Jacques Ripoll has spent a large part of his career in banking and finance (Société Générale, Banco Santander and Crédit Agricole) . Since 2022, he has been a member of the Supervisory Board of Eren Group, whose main purpose is to support entrepreneurs in developing innovative technological solutions for the energy transition (carbon- free renewable energy production, energy-saving initiatives and energy storage).
Beyond the renown financial skills that he developed over the course of his career in banking, Jacques Ripoll brings to the Board his strategic vision on innovation, his expertise in new technologies contributing to fighting climate change and his commitment to sustainability.
Re-appointment of Béatrice Guillaume‑Grabisch as a Director
The Annual General Meeting of 23 April 2024 re-appointed Béatrice Guillaume-Grabisch as a Director for a four-year term. The Board of Directors can rely on her deep involvement in the work of the Audit Committee and the Board, to which she brings her experience of general management, knowledge of international markets and consumers, as well as skills in managing IT and Shared Services Centres transformation and expertise in Human Resources.
Re-appointment of Ilham Kadri as a Director
The Annual General Meeting of 23 April 2024 re-appointed Ilham Kadri as a Director for a four-year term. Ilham Kadri brings to the Board a deep sense of commitment, her executive leadership experience in major international companies in the United States, Europe, the Middle East, Africa and Asia, her expertise in the transformational changes shaping industry, and her strategic vision centred on innovation and sustainability, as well as her particular focus on inclusion and diversity.
The Board of Directors noted that Ilham Kadri's reappointment as a Director was approved by 88.44% of the shareholders at the aforementioned Annual General Meeting. In this context, the Board acknowledges the very high level of diligence and commitment shown by this Director during her first term of office, with a 97% attendance rate at Board meetings. The Board will continue to monitor the availability of its Directors, particularly those who hold other offices in listed companies.
Re-appointment of Jean-Victor Meyers as a Director
The Annual General Meeting of 23 April 2024 re-appointed Jean-Victor Meyers as a Director for a four-year term. Jean-Victor Meyers brings to the Board his commitment and involvement in the work of the Board and its Committees, his strong connection to the Group and his vision of L'Oréal's long-term development.
Re-appointment Nicolas Meyers as a Director
The Annual General Meeting of 23 April 2024 re-appointed Nicolas Meyers as a Director for a four-year term. Nicolas Meyers brings to the Board his active involvement in the work of the Board and its Committees as part of L'Oréal's long-term business development, as well as his strong connection to the Group, his keen interest in new technologies and social commitment.
Changes in 2025
Non-renewal of the term of office of Françoise Bettencourt Meyers as a Director
The tenure of Françoise Bettencourt Meyers, a Director of L’Oréal since 1997, Vice-Chairwoman of the Board of Directors since 2020, and a member of the Strategy and Sustainability, Nominations and Governance, Human Resources and Remuneration Committees, expires at the end of this Annual General Meeting.
Françoise Bettencourt Meyers has informed the Board of Directors that she would not request the renewal of her tenure as Director. After 28 years on the Board, she has expressed her desire to ensure the continuity of the Bettencourt Meyers family's commitment to L'Oréal by proposing that the family-owned holding company Téthys join the Board of Directors alongside her two sons, Jean-Victor Meyers and Nicolas Meyers.
Jean-Paul Agon, on behalf of the Board of Directors, warmly thanked Françoise Bettencourt Meyers for her outstanding contribution to L’Oréal’s success for nearly three decades, her unwavering commitment, and her constant support to the Group. A guardian of its founding values, she played an essential role in the Group's strategic transformations through her consistently insightful guidance. The Board praised the strong and lasting tie that unites the Bettencourt Meyers family with L'Oréal, which represents an invaluable asset for the Group, both through the presence of Jean-Victor Meyers and Nicolas Meyers, as well as the forthcoming presence of the company Téthys.
To replace Françoise Bettencourt Meyers as Vice-Chair of the Board of Directors, the Bettencourt Meyers family proposed the appointment of Jean-Victor Meyers following the Annual General Meeting of 29 April 2025, which the Board of Directors unanimously approved. Paul Bulcke is also Vice-Chair.
