Elior Group appoints Board member Bernard Gault as Chairman and CEO and announces Françoise Mahiou and Daniel Derichebourg to the Board of Directors

– FRANCE, Paris –  Elior Group (EPA: ELIOR) today announced changes in its Corporate Governance with the appointment of Board member and interim CEO Bernard Gault in the combined role of Board Chairman and CEO along with co-optations of Françoise Mahiou and Daniel Derichebourg to the Board of Directors as representatives of shareholder Derichebourg.

“I am delighted that Bernard, whom I greatly admire and trust, has accepted the nomination unanimously made by the Board. As a Director, I intend to remain very involved in the life of the Group,” said Board member Gilles Cojan.

The Board of Directors is now composed of ten members, 50% of whom are independent (excluding employee directors) and five women.

About Bernard Gault

Bernard Gault, who previously served as an independent member of Elior Group’s Board, is unanimously recognized for his expertise in strategic and financial consulting and his commitment to Elior’s teams.

Bernard Gault, Chairman, and CEO said: “I am honored that the Board of Directors has placed its trust in me. I would like to welcome the representatives of our new reference shareholder. I hope that they will breathe new life into our Company. On behalf of the Group, I especially want to pay tribute to the extraordinary entrepreneurial career of Robert Zolade, who transformed Elior into a world-leading contract caterer. He has set the standard. I would also like to thank Gilles Cojan for his major contributions to Elior’s successes since the Group’s creation. Thank you too to Sophie Javary for her positive contribution to the Board, and Célia Cornu for her work as censor. I am fully committed to pursuing the challenge of turning around the Group’s operating profitability while positioning it optimally for its future development. I know I can count on the commitment and unfailing motivation of our teams. I applaud their commitment and their tireless efforts.”

About Bernard Gault

Barnard Gault was an Independent Director of Elior Group since March 9, 2018, and was subsequently named interim CEO on March 1, 2022. He is a founding partner of investment firm Barville & Co, founded in 2016, and co-founder of the financial advisory and asset management firm Perella Weinberg Partners, which was formed in 2006. He began his career in 1982 at Compagnie Financière de Suez before joining Morgan Stanley in 1988, where he was notably a Managing Director until 2006.

He holds degrees from École Centrale Paris and Institut d’Études Politiques de Paris.

About Daniel Derichebourg

Daniel Derichebourg has been Chairman of the Board and CEO of Derichebourg SA since June 29, 2006.

A self-made man, he began his career cleaning out basements to help his father with the family’s small scrap metal business. He took control of the CFER company in 1996.

He oversaw the restructuring and development of Compagnie Française des Ferrailles (which became CFF Recycling) and then that of Derichebourg Group, following the merger with Penauille Polyservices Group in July 2007. He oversees the Group’s major strategic decisions.

About Françoise Mahiou

Françoise Mahiou is an engineer and HEC Executive.

Françoise Mahiou is an ASC Sciences Po Paris/IFA certified administrator and a member of the French Institute of Directors.

As an operating partner, Françoise Mahiou advises and assists senior management, shareholders, and their teams to help meet operational and strategic needs that create value for the company and its stakeholders.

About Elior Group

Founded in 1991, Elior Group has grown into one of the world’s leading operators in contract catering and support services and has become a benchmark player in the business & industry, education, health & welfare, and leisure markets. With strong positions in 5 key countries, the Group generated €3.690 billion in revenue in fiscal 2020-2021.

Our 99,000 employees feed over 3.6 million people daily in 22,700 restaurants on three continents and offer services at 2,400 sites in France.

Innovation and social responsibility are at the core of our business model. Elior Group has been a member of the United Nations Global Compact since 2004, reaching the GC Advanced Level in 2015.

For more information: https://www.eliorgroup.com/

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