ALD: Board changes and management appointments
ALD announces changes to its Board of Directors and reinforces its General Management and Executive Committee.
ALD Board of Directors changes
At today’s meeting, ALD's Board of Directors adopted the following resolutions to be submitted to the Shareholder Meeting to be held on 22 May 2019. The Board has decided to propose to renew, for an additional four years, the Director mandates of:
- Mike Masterson
- Patricia Lacoste
- Karine Destre-Bohn.
The Board will also propose to appoint Philippe Heim, Deputy CEO of Societe Generale, as Board member, for four years, replacing Gianluca Soma, whose mandate is due to expire.
The Board has further indicated that it intends to elect Philippe Heim as its Chairman at the Board meeting to be held following the Shareholder Meeting, replacing Didier Hauguel, who will remain as Director.
Didier Hauguel, Chairman of ALD, said: “ALD continues to grow following its successful IPO, with the full support of Societe Generale Group. I welcome the upcoming appointment of Philippe Heim to continue to oversee the development of our company.”
Appointments within ALD General Management
As proposed by CEO Mike Masterson, the Board of Directors has appointed John Saffrett as Deputy Chief Executive Officer of ALD, effective 1 April 2019.
At the meeting to be held following the Shareholder Meeting on 22 May 2019, the Board will reaffirm the appointment of the whole ALD General Management team:
- Mike Masterson as CEO of ALD
- Tim Albertsen, Deputy CEO of ALD
- Gilles Bellemère, Deputy CEO of ALD
- John Saffrett, Deputy CEO of ALD.
Effective 1 June 2019, Gilles Bellemère, in addition to his role as Deputy CEO of ALD, will be appointed Chief Executive Officer of ALD Automotive France, the Group’s largest subsidiary. He replaces Jean-François Chanal, who will be retiring.
Reinforcement of ALD Executive Committee
CEO Mike Masterson has decided to expand ALD’s Executive Committee, composed of the General Management and Gilles Momper, Chief Financial Officer, to include two new members, whose appointment will be effective 1 June 2019.
Hans van Beeck will join the Executive Committee as Chief Administrative Officer, a newly created position. He will be responsible for supervising ALD’s corporate functions, including Risk, Compliance, Legal, Corporate Social Responsibility and Communications, in addition to his current role as Head of Investor Relations.
Guillaume de Léobardy will join the Executive Committee as Group Regional Director and will be responsible for supervising ALD’s regional hubs.
Mike Masterson, CEO of ALD, said: “I am convinced that, with these managerial appointments and the expertise the new members bring to the Executive Committee, we are well positioned to continue ALD’s development and enhance our position as a global leader in the provision of mobility solutions. I would like to thank Jean-François Chanal for his long-standing commitment to the Group and his outstanding contribution to ALD Automotive in France.”