Governance

Stable governance in the swiftly changing world of cosmetics

"L’Oréal’s Governance is solid, perfectly in line with the challenges of tomorrow."
Jean-Paul Agon
Chairman and Chief Executive Officer

Proactive and committed board members

The composition of the Board reflects L’Oréal’s shareholding structure and guarantees the interests of all its shareholders. Alongside the Chairman and Chief Executive Officer, there are five directors who represent L’Oréal’s major shareholders, seven independent directors and two directors representing the employees.

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  • Jean-Paul Agon - Chairman and Chief Executive Officer

    Jean-Paul Agon

    Chairman and Chief Executive Officer
    since 18 March 2011
    (term of office renewed in 2014)
    With the L'Oréal group since 1978, after an international career as General Manager of the Consumer Products Division in Greece and of L'Oréal Paris in France, International Managing Director of Biotherm, General Manager of L'Oréal Germany, Executive Vice-President of the Asia Zone, President and CEO of L'Oréal USA, Jean-Paul Agon was appointed as Deputy Chief Executive Officer of L'Oréal in 2005 and then Chief Executive Officer in April 2006 and finally Chairman and CEO in 2011. A Director of L'Oréal since 2006, he is the Chairman of the Strategy and Sustainable Development Committee. Jean-Paul Agon is also Chairman of the L'Oréal Corporate Foundation and a Director of Air Liquide.
  • Françoise Bettencourt Meyers

    Françoise Bettencourt Meyers

    (term of office renewed in 2013)
    Daughter of Mrs Liliane Bettencourt and granddaughter of the founder of L'Oréal, Eugène Schueller. She has been the Chairwoman of the family-owned holding company Téthys since 31 January 2012, is the Chairwoman of the Supervisory Board of the investment subsidiary Téthys Invest, Chairwoman of the Bettencourt Schueller Foundation and Honorary President of the Agir Pour l'Audition Foundation. She has been a Director of L'Oréal since 1997 and a member of the Strategy and Sustainable Development Committee since 2012.
  • Peter Brabeck-Letmathe

    Peter Brabeck-Letmathe

    Vice-Chairman of the Board
    (term of office renewed in 2013)
    Chairman of the Board of Directors of Nestlé.Peter Brabeck-Letmathe has been a Director of L'Oréal since 1997, and is Vice-Chairman of the Board of Directors. He is a member of the Strategy and Sustainable Development Committee, the Appointments and Governance Committee and the Human Resources and Remuneration Committee.
  • Jean-Pierre Meyers  - Vice-Chairman of the Board

    Jean-Pierre Meyers

    Vice-Chairman of the Board
    (term of office renewed in 2016)
    Director of L'Oréal since 1987, Vice-Chairman of the Board of Directors since 1994, and a member of the Strategy and Sustainable Development Committee, the Appointments and Governance Committee and the Human Resources and Remuneration Committee, Jean-Pierre Meyers is Vice-Chairman of the Supervisory Board and Chief Executive Officer of the family-owned holding company Téthys, Chairman of the investment subsidiary Téthys Invest, Vice-Chairman of the Bettencourt Schueller Foundation and President of the Agir Pour l'Audition Foundation.
  • Ana Sofia Amaral

    Ana Sofia Amaral

    (since 15 July 2014)
    Scientific and Technical Affairs Director for L'Oréal Portugal, Ana Sofia Amaral was appointed in 2014 by L'Oréal's Instance Européenne de Dialogue social (European Works Council) as Director representing the employees. She is a member of the Human Resources and Remuneration Committee.
  • Sophie Bellon

    Sophie Bellon

    (since 22 April 2015)
    Chairwoman of the Board of Directors at Sodexo which she joined in 1994, after a career in the United States in finance, as a Mergers & Acquisitions advisor, then in the fashion sector as an agent for major international brands, Sophie Bellon has been a Director of L’Oréal since 2015 and Chairwoman of the Appointments and Governance Committee and member of the Audit Committee.
  • Charles-Henri Filippi

    Charles-Henri Filippi

    (term of office renewed in 2015)
    Chairman of Citigroup for France after having spent his career within the HSBC group, in which he was notably Chairman and Chief Executive Officer of HSBC France from 2004 to 2007 and Chairman of the Board of Directors in 2007 and 2008. Charles-Henri Filippi has been a Director of L'Oréal since 2007 and is a member of the Audit Committee, the Appointments and Governance Committee and Chairman of the Human Resources and Remuneration Committee. He is also a Director of Orange and Nexity.
  • Xavier Fontanet

    Xavier Fontanet

    (term of office renewed in 2014)
    Former Chairman and Chief Executive Officer of Essilor (1996-2009) and former Chairman of the Board of Directors of Essilor (2010-2012). Xavier Fontanet has been a Director of L'Oréal since May 2002 and member of the Strategy and Sustainable Development Committee. He is also a member of the Board of Directors of Schneider Electric.
  • Belén Garijo

    Belén Garijo

    (since 17 April 2014)
    Chairwoman and Chief Executive Officer of Merck Healthcare, a company bringing together all the pharmaceutical businesses of the German Merck group and a member of this group's Executive Committee, Belén Garijo has been a Director of L'Oréal since 2014 and is a member of the Human Resources and Remuneration Committee. She is also a Director of BBVA (Spain).
  • Béatrice Guillaume-Grabisch

    Béatrice Guillaume-Grabisch

    (since 20 April 2016)
    General Manager of Nestlé Germany, Béatrice Guillaume-Grabisch has been a Director of L'Oréal since April 2016 and is a member of the Audit Committee.
  • Bernard Kasriel

    Bernard Kasriel

    (term of office renewed in 2016)
    A former Chief Executive Officer of Lafarge, Bernard Kasriel has been a Director of L'Oréal since 2004, and is a member of the Strategy and Sustainable Development Committee. He is also a Director of Arkema and Nucor (United States).
  • Georges Liarokapis

    Georges Liarokapis

    (since 15 July 2014)
    Coordinator of Sustainability for L'Oréal Western Europe, Georges Liarokapis was appointed in 2014 by the CFE-CGC as a Director representing the employees. He is a member of the Audit Committee.
  • Jean-Victor Meyers

    Jean-Victor Meyers

    (term of office renewed in 2016)
    A member of the Supervisory Board of the family-owned holding company Téthys since January 2011, member of the Supervisory Committee of the investment subsidiary Téthys Invest and Chairman of Exemplaire, Jean-Victor Meyers has been a Director of L'Oréal since 2012 and is a member of the Audit Committee.
  • Virginie Morgon

    Virginie Morgon

    (since 26 April 2013)
    Deputy Chief Executive Officer of Eurazeo which she joined in 2008 after working for 16 years at Lazard, and President and CEO of Eurazeo North America Inc. (USA), Virginie Morgon has been a Director of L'Oréal since 2013 and is Chairwoman of the Audit Committee. She is Vice-Chairwoman of the Board of Directors of Moncler SpA, Chairwoman of the Supervisory Board of Asmodee Holding and Eurazeo PME, Director of Abasic (Desigual), member of the Supervisory Board of Grandir (Les Petits Chaperons Rouges) and of Vivendi. She is also Vice-President of the Paris Committee of Human Rights Watch.
  • Eileen Naughton

    Eileen Naughton

    (since 20 April 2016)
    Vice President, People Operations at Google which she joined in 2005 after holding various responsibilities with Time Warner, including the position of President of Time Group from 2002 to 2005. Eileen Naughton has been a Director of L'Oréal since 20 April 2016.

The Executive Committee, the group’s management body

The Executive Committee members are in charge of the operational Divisions and functional Departments, as well as the geographic Zones. They implement the strategic guidelines and direct the activities of L’Oréal all over the world. In 2016, Nathalie Roos and Vianney Derville joined the Executive Committee as President Professional Products Division and Executive Vice-President Western Europe Zone respectively. Alexis Perakis-Valat was appointed President Consumer Products Division and Jochen Zaumseil Executive Vice-President Asia, Pacific Zone.

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