Board of Directors

 

The Company is managed by a Board of Directors, chaired by Pierre Danon, which determines the business strategy of Solocal and supervises its execution by the management team. Without prejudice to the powers expressly reserved by law to the Shareholders’ General Meetings and within the scope of Solocal's corporate purpose, the Board of Directors may address any concern that may have an impact on the Company’s business activity and decide any matters within its remit. It also expresses its opinion on all major decisions in relation to the Company’s strategy, business development, human resources, finance and technology.


A new management team has been recruited, under the initiative of the new Board of Directors, with the appointment of Eric Boustouller as CEO in October 207, who committed to undertake the deep transformation of the Company:

  • Define a clear vision with the objective to deeply transform the Company and unlock its growth potential
  • Present a comprehensive action plan to enable Solocal to become one of the major digital champion in France and to improve its competitiveness and agility by adapting our operational organisation.
  • Set up a new and higly skilled management team  to deploy this strategy with the recruitement of a new Chief Financial Officer, Head of Human Ressources, Head of Sales, Head of technique, Head of information and Head of marketing
     

Corporate Governance

Solocal Group embraces the principles of corporate governance of listed companies set out in the AFEP-MEDEF Corporate Governance Code in its revised version of November 2016.


Pierre Danon joined Solocal in September 2017 as an Administrator and Chairman of the Board. Since that day, the Board has worked on the elaboration of a new Company strategic project and on the required skills to implement it. It was entirely revamped by including new Board members and new skills, with Marie-Christine Levet, a digital pioneer in France and Lucile Ribot, an expert with recognised financial skills to drive the Company's development 


The Board of Directors has created three Committees within the Company, namely an Audit Committee, a Remuneration and Appointments Committee, and a Strategy Committee, with this latter created by the Board of Directors at its meeting on 13 June 2017.


The Board of Directors, at its meeting of 9 November 2017, also created three Ad Hoc Committees on refinancing, the equity story, and the monitoring of the Company’s restructuring.


The Chairman and Vice-chairman regularly meet Solocal's institutionnal shareholders to promote an open dialog and exchange with them on the main orientations of the Company. Two long-term institutional investors are members of the Board. In addition to that, a Shareholders' Communication Committee was created in 2016 to strenghten the relationship and the communication with individual shareholders. Eight individual shareholders of Solocal, including two employee representatives, have been part of this committee since 2016 and had the opportunity to directly exchange with Solocal's Directors on the corporate governance.  
 

10 Board members,
including an employee
representative
and 8 independant* Board members*
A complete renewal
of the Board of Directors
since the General Meeting
of June 13th, 2017.
Members
with high experience
and expertise
in the digital sector. 
Multi-disciplinary
and complementary skills. 
50% women
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16 Board meetings in 2018
with an average
participation rate of 94%
The main activities
of the Board have been :
evolution of the governance,
restructuring monitoring,
results and business evaluation,
new strategy and ESG. 
 
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Structure & gouvernance

 
Pierre Danon, Chairman of the Board of Directors

Civil engineer from ‘Ponts et Chaussées’, graduated from law and from the ‘Institut supérieur des affaires’, Mr Pierre Danon has held positions of Chief Executive Officer and member of Boards of Directors, in particular as Chairman of Xerox Europe, Chief Executive Director of Bristish Telecom Retail and Chairman and Chief Executive Officer of Numericable-Completel. Since 2008, he as been appointing as Vice-Chairman then Chairman of TDC Copenhagen. He is also Vice Chairman of Agro generation in Paris.

David Amar, Vice-Chairman of the Board of Directors

Mr David Amar, 36 years old, has joined the Family Office Amar in 2009 and has taken over its management in 2013. He is specialised in long term investment in listed companies, in wine properties and wine-trading companies, in hotel property management and property development. He is also a Director of the investment fund Matignon Investissement et Gestion (Private Equity). From 2006 to 2009, he was in charge of wealth management in various major Swiss banking institutions. He received an MBA in Geneva in 2006.

Eric Boustouller, Solocal Chief Executive Officer 

Graduated from the “Institut d’Etudes Politiques de Paris”, Eric Boustouller was Sales General Manager of Compaq France. Deputy CEO (2002-2005), then Chairman and Chief Executive Director of Microsoft France and Deputy Chairman of Microsoft Interrnational (2005- 2012), he has been Corporate Vice President of Microsoft Corporation and Western Europe area Vice president of Microsoft since 2012. Eric Boustouller is CEO of SoLocal Group since October 11, 2017.

Jacques-Henri David, Chairman of the Audit Committee

Jacques-Henri David is a graduate of the Ecole Polytechnique, the Paris Institute of Political Studies and ENSAE Paris. He has worked in various roles, as the Inspector of Finance for the French Ministry of Economy and Finance, as Deputy Director, then Director of the Cabinet of René Monory, Minister of Economy and Finance, Secretary General of the National Council of Credit for the Bank of France, Financial Director, then Director General of Saint-Gobain, Director General of the Compagnie Générale des Eaux (now Vivendi), President of the Board of Directors of the Crédit d’Equipement des PME, SOFARIS and the Banque du Développement des PME (now BPI France), President of the Deutsche Bank France group, and Vice Chairman of the "Global Banking" Division of Deutsche Bank AG. He is also a member of the Economic and Social Council, a lecturer at the Paris Institute of Political Studies, manager of the Saint-Gobain Corporation, manager of the UGC, manager of Edmond de Rothschild (Europe) and manager of Edmond de Rothschild (Monaco) - Monaco.

Delphine Grison, independant Board member

Mrs Delphine Grison, 48 years old, has been Marketing and Business Intelligence officer at CBRE France since December 2015, President of DGTL Conseil since 2014, a company through which she has provided consultancy services, and a Director of Asmodée Holding since June 2014. She also serves until the end of 2017 within the Advisory Boards set by Bpifrance in connection with its ETI acceleration program. Until 2013, she held several positions within the Lagardère group, consistent with her operational duties (member of the Management Board of Lagardère Active, President of Lagardère Active Digital, Director of LeGuide.com…). Mrs Delphine Grison graduated from the École Normale Supérieure (1987), has a PhD in quantum physics (1992) and is graduated in engineering from the Ponts et Chaussées (1994).

Marie-Christine Levet, independant Board member

Graduated from HEC in 1988 and from INSEAD in 1994, Marie-Christine Levet managed several major brands of the French Internet. In 1997, she founded Lycos. Then, from 2001 to 2007, she ran Club-Internet, a provider of Internet access, which she sold to Neuf Telecom / SFR. In 2008, she became General Manager of the Tests Group, a hi-tech information group, as well as Internet activities of the NextRadioTV group. With her entrepreneurial experience, Marie-Christine turned to venture capital in 2010 to bring her experience to young entrepreneurs. She participated in the creation of Jaina Capital, one of the first investment funds specializing in early stage financing in France, where she invested in companies like made.com, yes.car, devialet, La ruche qui dit oui. In October 2017, Marie-Christine Levet creates Educapital, the leading European private equity fund dedicated to the Education, Training and Digital Transition sectors. She is also board member of Iliad, Econocom, Maisons du Monde and AFP, and was formerly a Director of the Google Fund for Media Innovation (FINP) from 2013 to 2016.

Joëlle Obadia, employee representative

Joëlle Obadia spent 10 years with the Thomson group, with 5 of these years at Thomson Brandt Armements where she looked after external public relations (press, public, events relations in France and overseas); in November 1991, she joined the Sales Department PagesJaunes, being responsible for sales force incentives, then for boosting sales by combining with leading sales, commercial challenges, information from the various sales channels and client events. In 2007, Joëlle Obadia joined the Sales Department management committee, becoming Manager of Sales Growth, and taking on management and guidance of all sales training. Today, she is PR Director and MICE within Operational Excellence.

Sophie Sursock, independant Board member

Mrs Sophie Sursock, 37 years old, is Co-founder, Director and Equity Partner at Accelero Capital, an investment and management group focused on TMT (Telecommunications Media Technology). She manages the Paris office. She has executed various transactions in the tech and media sector. In particular, she has been involved in the restructuring of Seat Pagine Gialle S.p.A and serves on the Board of Directors of Italiaonline (ex Seat Pagine Gialle S.p.A and Italia Online), Dada S.p.A., intY Limited and is member of the Board and Audit Committee of Euronews. Before, she was a Corporate Finance Manager at Orascom Telecom Holding S.A.E/Weather Investments from 2007 to 2011. She alsoworked at the M&A Transaction Service at Deloitte’s corporate finance division in Paris, France from 2005 to 2007, was Junior Project Manager at PrimeCorp Finance S.A. and Junior Investment Manager at Axa Investment. Mrs Sophie Sursock received a Bachelor in Business Administration and an MSc in International Business from Paris Graduate School of Management (ESCP-EAP) and a Certificate in the Management of Technology.

Philippe de Verdalle, Chairman of the Remuneration and Appointments Commitee

Mr Philippe de Verdalle, 55 years old, has joined Weinberg Capital Partners in 2015 to launch Nobel, which is the third core business of WCP alongside Private Equity and Real Estate activities. The Nobel fund is intended to acquire minority and friendly stakes in listed companies. It is a long term investor alongside families and management teams in order to support the development of French firms. It brings together an investment pool of institutional investors and important families, it invests exclusively in equity with no debt leverage Within the scope of his duties as General Manager of Nobel, Mr Philippe de Verdalle is Director of: Ã Mersen (listed on Euronext – Market capitalisation of c.500 Million euros - Turnover 2016 of 764 Million euros - Headcount of 6,375 persons) - his term terminated on 10 April 2017; Ã Groupe Le Noble Age (listed on Euronext - Market capitalisation of c.450 Million euros - Turnover 2016 of 394 Million euros - Headcount of 6,000 persons), and SQLI (listed company). Before, Mr Philippe de Verdalle was a member of the executive committee of UBS France, responsible for the development and the key private clientele. He was a Managing Director of HSBC group in charge of own-account investment activities. In this context, he was, from 2000 to 2011, Chief Executive Officer of Nobel, an holding entity acquiring stakes for HSBC group. During this same period, he was also a Director of private equity funds and of acquired business. Furthermore, Mr Philippe de Verdalle was lecturer in Corporate Finance at the Institute of Political Studies of Paris (Institut d’Études Politiques de Paris) between 1997 and 2011.
Partner of Weinberg Capital Partners, which he joined in 2015 to launch and direct the Nobel Fund, which is one of the three divisions of WCP. Nobel is a long-term investor which supports the development of listed French companies. Mr Philippe de Verdalle is a Director of LNA Santé (Euronext-listed) and was a Director of Mersen until 10 April 2017 (Euronext-listed). He was previously a member of the Management Committee of UBS France (2011-2015), Managing Director of HSBC France in charge of Investment Activities (2000-2011), Senior Lecturer in Corporate Finance at the Paris Institute of Political Studies (1997-2011). He is a graduate of the Institut d’études politiques de Paris, the SFAF (French Society of Financial Analysts) and earned an MBA from INSEAD Business School.
 

Anna-France Laclide, independant Board member

Anne-France Laclide currently holds the position of Chief Financial Officer and member of the Executive Committee of the Consolis Group, as well as a member of the Board of Directors and Chairman of the Audit Committee of the CGG Group.

Board of Directors
Audit Committee

  • Jacques-Henri David (Président)
  • Sophie Sursock
  • Lucile Ribot
COMMITTEE OF REMUNERATION AND APPOINTMENTS

  • Philippe de Verdalle (Président)
  • David Amar
  • Joëlle Obadia
Strategy and M&A Committee

  • David Amar (Président)
  • Delphine Grison
  • Sophie Sursock
  • Marie-Christine Levet
Eric Boustouller
Chief Executive Officer
Eric Boustouller
Chief Executive Officer
Graduated from the “Institut d’Etudes Politiques de Paris”, Eric Boustouller was Sales General Manager of Compaq France. Deputy CEO (2002-2005), then Chairman and Chief Executive Director of Microsoft France and Deputy Chairman of Microsoft Interrnational (2005- 2012), he has been Corporate Vice President of Microsoft Corporation and Western Europe area Vice president of Microsoft since 2012. Eric Boustouller is CEO of SoLocal Group since October 11, 2017.
Amaury Lelong
Chief Product and Media Officer
Amaury Lelong
Chief Product and Media Officer
Amaury Lelong graduated from HEC and the London Business School in 1999 and started his career by taking part in setting up the Nextedia e-marketing agency (formerly Come&Stay). He then worked as a consultant for the AT Kearney and Boston Consulting Group firms before joining Canal+ where he held several operational department positions with a strong marketing and digital input. Amaury Lelong joined SoLocal Group in 2012 as Director of Marketing for Large Accounts and Online Marketing. Two years later, he was promoted to the position of Deputy Managing Director of this unit, since renamed SoLocal Network, where he initiated the development of the Group's data and programmatic offering. When the product lines were set up in 2016, he was appointed Managing Director of DaPSSA, a product line taking in Programmatic Data, Search and Social Advertising offerings developed by SoLocal from the main advertising platforms on the market (Google, Bing, Facebook, programmatic). Solocal has promoted Amaury Lelong as Chief Product and Media Officer, a position encompassing total responsibility for all products within Solocal. Amaury is now the driving force behind the company’s entire digital products range including websites, presence management and digital advertising, as well as internal media PagesJaunes and Ooreka. Amaury’s main projects include putting the finishing touches to the new, streamlined product range, maintaining cutting-edge product innovation such as drive-to-store for networks and CRM for SMEs/ entrepreneurs, while also continuing the work he has started to optimise the efficiency of Solocal’sadvertising products on all platforms – search, social and programmatic. With regard to the company’s media operations, Amaury has a clear remit to ramp up modernisation of PagesJaunes to include a more personalised (depending on search queries), transactional and mobile service. Amaury Lelong is Chief Product and Media Officer since May 6, 2019.
Olivier Regnard
Chief Financial Officer
Olivier Regnard
Chief Financial Officer
Olivier Regnard, aged 42, joins Solocal as CFO. He will be in charge of Finance, Purchasing and Real Estate and will also head up Investor Relations. Before joining Solocal and after gaining experience with Mauna Kea Technologies (a MedTech company listed on Euronext), he had since the first quarter of 2018 been CFO of Europe Snacks (an agri-food company with annual revenues of €350 million, employing 2,100 people) where he played a noteworthy part in the company's external expansion. Between 2013 and 2017, Olivier Regnard was Deputy CEO and Chief Financial Officer of Latécoère (a first tier aeronautical contractor listed on Euronext, with annual revenues of €660 million and employing 5,000 people). He was in charge of the Financial, Legal and Purchasing departments. During this time, he made a considerable contribution to Latécoère's transformation plan. Prior to this experience, Olivier Regnard spent almost 15 years with Deloitte, in Auditing and Financial Advisory Services. During this period he had the opportunity to work in highly diverse business activities and environments in France and abroad. Olivier Regnard is a certified accountant and graduate of ESSEC.
Nathalie Etzenbach-Huguenin
General Secretary
Nathalie Etzenbach-Huguenin
General Secretary
After graduating from ESCP Europe in 1994, Nathalie spent more than 12 years working for international investment banks in Paris and London (Crédit Suisse, Citi, Société Générale) in M&A and debt and equity issuance. She joined Solocal in January 2018. In her multidisciplinary role, Nathalie draws both on her previous career in the private sphere and her experience in the public sphere. She is currently Neuilly-sur-Seine Deputy Mayor in charge of budget, finance and public procurements. In the 2017 parliamentary elections, she was candidate for a civil society independent party. Nathalie Etzenbach-Huguenin is now Solocal General Secretary and new Executive Committee member. She is responsible for the Legal Affairs, Public Affairs, CSR, Ethics and Risk departments while retaining responsibility for Investor Relations. She also oversees special projects for the CEO as well as corporate governance and she is responsible for Strategy, Partnerships and M&A. Nathalie Etzenbach-Huguenin is General Secretary since May 6, 2019.
Arnaud Defrenne
Chief Technology Officer
Arnaud Defrenne
Chief Technology Officer
Arnaud is a graduate of the ESA Business School. He began his career in 1997 by jointly developing the first French search engine (Nomade), and then becoming the Technical Director for all of the Liberty Serve Group’s Internet services between 1997 and 2001. In 2001, he joined the Netbooster network of independent agencies. In 2004, Arnaud founded a price-comparison and shopping search-engine, which used an innovative research technology, and was taken over by LeGuide.com in 2005. Then he joined Publicis and developed the Group’s technology offerings such as “Digitas Content and Commerce” and “Digitas Cloud”. In 2015, he joined the L’Oréal Group as Chief Digital Marketing Technology Officer (CDMTO), in order to drive the Group’s transition to digital technology, and expand its digital activities and income. Arnaud Defrenne is Chief Technology Officer of SoLocal Group since April 25, 2018.
Christophe Parcot
Chief Revenue Officer
Christophe Parcot
Chief Revenue Officer
Graduated from MS ESSEC in 1990, Christophe Parcot starts his carrier in Largardère Active in the Canadian distribution branch before joining the international consumer magazine department of Bertelsman in Paris. He joined LVMH holding in 1996, taking financial and investment reponsabilities. He cofounded Liberty Surf in 1999, and led the IPO of the company in 2000. He appointed then as strategic and development Director for Tiscali France. In 2002, he launched the company Overture in France, Spain and Italy. This company invented the sponsored links. After Overture and Kelkoo take over by Yahoo!, he became South Europe Vice President of Yahoo! In 2006 and in 2012, is appointed as VP Head of EMEA of Yahoo!, reporting to Marissa Mayer. In 2014, he joined the start up Teads in 2014, as Chief Operation Officer to accelerate the international growth and transform the company into a leader market place for digital video advertising on mobile and programmatic. Teads was sold to Altice at the beginning of 2017. Christophe Parcot is Chief Revenue Officer of SoLocal Group since November 9, 2017.
Pascale Furbeyre
Chief Marketing Officer
Pascale Furbeyre
Chief Marketing Officer
Pascale holds an MBA from Columbia Business School, and began her career in digital marketing at About.com, a subsidiary of the IAC Group, in New York in 1999. She worked for About.com, Sprinks, Overture, Yahoo! France. Pascale joined the Crédit Agricole Group as Marketing and Communications Director in 2009, and launched BforBank, an online bank dedicated to savings. She conceived and supervised the BforBank website, defined the brand’s positioning, and oversaw its launch on television, in print media, and online. She joined the LesFurets.com price-comparison website, a subsidiary of the UK based BGL Group, as Marketing Director in 2013. Pascale Furbeyre is Chief Marketing Officer of SoLocal Group since May 9, 2018.
Richard Cuif
Chief HR Officer
Richard Cuif
Chief HR Officer
Richard Cuif started his carrier in Rank Xerox, Disney then Kraft Foods before joining PepsiCo group, where he was appointed as Chief Human Ressources Officer in 1997. At this position, he went to the merge of Food and Beverage activities. Then he joined Schweppes France, took part of the merge of Orangina Schweppes, then is promoted as Human Ressources Director of the Beverage branch of the group. From 2005 to 2008, he was Human Ressources Director of Microsoft France, then joined Devanlay-Lacoste group where he is in charge of Human Ressources, internal communication and corporate social responsibility. During 7 yars, he participated to the international development of the activities, the human Ressources responsability and the group transformation. Since 2016, he has been consultant. Richard Cuif is Chief HR Officer of SoLocal Group since November 9, 2017.
Philippe de Boissieu
Chief Transformation Officer in charge of Production / Delivery
Philippe de Boissieu
Chief Transformation Officer in charge of Production / Delivery
Philippe de Boissieu graduated from the Institut d’Administration des Entreprises in 1996 and started his career at La Générale des Eaux as Financial Controller before joining the PwC then Deloitte consultancy firms. He subsequently held financial management positions for industrial groups. Throughout his career, Philippe de Boissieu has gained invaluable experience in steering strategic transformation projects or recovery operations. In November 2017, Philippe de Boissieu was appointed Transitional Chief Administrative and Financial Officer and on 2 May 2018 he was put in charge of steering the transformation project set out in the “SoLocal 2020” plan and built around 6 strategic programmes: Customer journeys, Production of offers, Move to Cloud, Finance process, Skills and Training and ERP.

Solocal is a listed holding company. 
Its operational activities are managed by subsidiaries in four countries: France, Spain, Great-Britain and Austria.

Group structure as at 1st June 2018

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