During its meeting on May 15, 2017, Rexel’s Board of Directors, acting on the recommendation of the Nomination and Compensation Committee, unanimously decided to co-opt Marcus Alexanderson as a member of the Board of Directors with immediate effect. The company also appointed Ludovic Debailleux as Head of Investor Relations of Rexel Group, effective July 3, 2017. He will succeed Marc Maillet, Head of Investor Relations since March 2009, who has decided to leave Rexel to pursue another career opportunity and will step down from his position on May 24.
Marcus Alexanderson is a partner of Cevian Capital whose total stake in Rexel (including entities managed by Cevian Capital Partners Limited) amounts to 14.83%.
He replaces Pier Luigi Sigismondi, who resigned from the Board of Directors on December 31, 2016 following his professional relocation to Singapore. The Board has determined that Marcus Alexanderson should be considered non-independent.
Rexel’s Board of Directors now counts nine members, of which 89% are independent and 44% are women, in line with the Copé-Zimmerman law:
- Ian Meakins, Chairman of the Board
- François Henrot, Deputy Chairman of the Board, Senior Independent Director and Chairman of the Nomination and Compensation Committee
- Marcus Alexanderson
- Thomas Farrell
- Fritz Froehlich, Chairman of the Audit and Risk Committee
- Elen Phillips
- Maria Richter
- Agnès Touraine
- Herna Verhagen
Alexanderson is a partner of Cevian Capital, Europe’s largest dedicated active ownership investment firm, which he joined at its founding in 2002. He began his career as a financial analyst (2000-2001) at AB Custos, a Swedish investment firm. He holds a Master of Science in Economics and Business Administration from the Stockholm School of Economics. He is a Swedish citizen and is based in Stockholm.
Ludovic Debailleux was a capital goods sell-side analyst at Natixis Equity from January 2006 until July 2013, then a buy-side industrials analyst at Lombard Odier since July 2013. Debailleux has close knowledge of Rexel and the sector in which it operates, having covered the company for Natixis Equity. His expertise and knowledge of capital markets will be key assets in his new position at Rexel Group.
Florence Meilhac, Investor Relations Officer, will ensure a smooth transition during the time of Marc Maillet’s departure and Ludovic Debailleux’s arrival.
Patrick Berard, Chief Executive Officer, stated: “Marc Maillet has made a very significant contribution to Rexel during his eight years as Head of Investor Relations. He has always acted with great professionalism and provided invaluable support to management and the Finance department. I wish him every success in his future professional endeavours. We are fortunate to have found a high-quality successor in Ludovic Debailleux, who knows the company well, having followed it as an analyst. We are pleased to welcome him to Rexel.”
Debailleux, 43 years old, is a graduate of the Ecole Universitaire D’Ingénieurs de Lille (EUDIL), ESCP, SFAF and CIIA. He began his career as an auditor in 1999 at Deloitte. In 2001, he joined KBC Securities as a sell-side analyst covering capital goods in Europe, then moved to Natixis Equity in 2006. He was notably responsible for covering Rexel after the Group returned to the stock market in 2007. Since 2013, he has been Senior Vice President at Lombard Odier in Geneva, where he is a buy-side analyst in charge of European and North American Industrials.
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