Changes to the composition of Sodexo's Board of Directors

Paris, June 21, 2018 - Sodexo, world leader in Quality of Life Services, today announces changes to its Board of Directors:

• Patricia Bellinger, Board member since 2005, and Michel Landel, Board member since 2009, have expressed their wish to resign, effective July 1, 2018.
• Sophie Stabile will join the Board on July 1, 2018. Her nomination will be submitted for ratification by the shareholders at the next Annual General Meeting to be held on January 22, 2019.

With these changes, the Sodexo Board will comprise 13 Directors including two employee representatives. Five Directors are considered independent as defined by the AFEP-MEDEF Code of corporate governance for listed companies. The Board will continue to be gender balanced with seven female Directors and six male Directors and will represent four different nationalities.

Sodexo's Chairwoman Sophie Bellon said: "I am pleased to welcome Sophie Stabile to the Board. Sophie has held senior roles at AccorHotels, a leading multinational hotel group, including serving as global CFO and then as Managing Director of AccorHotels France and Switzerland. Her financial acumen, operational expertise and deep service sector experience will bring an important external perspective to our strategic decisions. Sophie Stabile also joins the Audit committee.

I want to sincerely thank both Patricia and Michel for their dedication to the Board of Directors. Patricia has been a Board member for more than 13 years, providing an important North American perspective to our global company. I also want to pay a special tribute to Michel for his immense contribution to Sodexo as our CEO since 2005 and more recently supporting Denis Machuel as he was transitioning to his new role as CEO. On behalf of the Board, I wish them all the best in their future personal journeys."

About Sodexo

Founded in Marseille in 1966 by Pierre Bellon, Sodexo is the global leader in services that improve Quality of Life, an essential factor in individual and organizational performance. Operating in 80 countries, Sodexo serves 100 million consumers each day through its unique combination of On-site Services, Benefits and Rewards Services and Personal and Home Services. Through its more than 100 services, Sodexo provides clients an integrated offering developed over 50 years of experience: from food services, reception, maintenance and cleaning, to facilities and equipment management; from services and programs fostering employees' engagement to solutions that simplify and optimize their mobility and expenses management, to in-home assistance, child care centers and concierge services. Sodexo's success and performance are founded on its independence, its sustainable business model and its ability to continuously develop and engage its 427,000 employees throughout the world.
Sodexo is included in the CAC 40 and DJSI indices.

Key figures(as of August 31, 2017)

 Contacts

 

Attachment

• PR Sodexo - Board ENG.pdf

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