Governance

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.  
 

9 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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blablablablablabla
blablablablablablablablablbla
13 Board meetings in 2018
with an average
participation rate of 95%
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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blablablablablabla
blablablablablablablablablbla

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.

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).

Anne-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.

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.

Catherine Robaglia, employee representative

Catherine Robaglia is a graduate engineer from IMAC. She first worked at Bossard Gemini Consulting as a consultant in organization and information systems for 7 years. In 1999, she joined the IT department of  PagesJaunes and took an active part in the information system renovation projects. In 2004, she joined the new DOSQ (Department of Organization, Strategy and Quality) as Head of the Organization and thus accompanied the transformation projects [following the IPO and the Group’ s change of shareholding] and in particular the implementation of processes. In 2008, she was appointed Head of Internal Audit, reporting to the Chief Executive Officer and the Chairman of the Audit Committee. She was also appointed Head of Internal Audit, reporting to the Chief Executive Officer and the Chairman of the Audit Committee, where she audited all of the Company’s subsidiaries and major processes on behalf of the Board of Directors.

Catherine currently serves as Project Director within the Customer Operations Department, and together with her teams, she manages the operationalization of the VSE/SME and key account offers in the areas of Delivery (Production) and Customer Relationship Management.

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

David Eckert, Board Member

David Eckert is President and CEO of Yellow Pages Limited (Canada). Under his leadership since late 2017, YP Canada has reduced its net debt from C$350 million to none, increased EBITDA profitability from 25% to 40% for the full year 2019, and, during the Covid- 19 crisis, retained full employment, maintained the business, and improved cash balances to over C$100 million.

Previously, David served as President and CEO of the Hibu Group, operating in 8 countries on 4 continents. As a result of a revised business strategy and thanks to the relevance of the execution, Hibu doubled its enterprise value, ultimately creating over €1 billion in new value, over David’s tenure. David has sat on or chaired several boards of directors around the globe, both public and private. Among the boards he has served on are those of X-Rite, Inc., Safety-Kleen Systems, Inc., the Hibu Group, Clean Harbors, Inc., Italiaonline S.p.A., and Yellow Pages Limited (Canada).

In the early 1980s, David was a Vice President and Partner at Bain & Company. He is an economics and engineering graduate of Northwestern University and earned an MBA from the Harvard Business School.

Paul Russo, Board Member

Paul Russo is Board member of Yellow Pages Canada, Chairman of the Human Resources and Compensation Committee and member of the Audit Committee.  Paul Russo previously served as Chief Executive Officer of Color Spot Holdings, Inc., the largest grower of potted plants and shrubs in the United States. 

Based in London from 2014-16, Paul was Executive Vice-President of Business Development of the Hibu Group and member of operating boards in the US, UK, Spain, Latin America, India, and the Philippines.  

Paul began his post-MBA career as a Partner at Bain and Company, where he specialized in helping large US, Canadian, and European companies improve their competitive position and financial results. He received a Bachelor of Science in Business from the University of California at Berkeley and an MBA from The Harvard Business School. Prior to graduate school, he began his career at Arthur Young and Company and achieved CPA certification.

Audit Committee

  • Jacques-Henri David (Président)
  • Sophie Sursock
  • Anne-France Laclide
COMMITTEE OF REMUNERATION AND APPOINTMENTS

  • David Amar
  • Joëlle Obadia
Strategy and M&A Committee

  • David Amar (Président)
  • Delphine Grison
  • Sophie Sursock
  • Marie-Christine Levet
Pierre Danon
Chief Executive Officer
Pierre Danon
Chief Executive Officer
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.
Eric Klipfel
Deputy CEO
Eric Klipfel
Deputy CEO
Eric KLIPFEL has a master's degree from the Fachhochschule Stuttgart. As a renowned Sales Management and Customer Relationship professional, Eric Klipfel has 20 years’ experience in taking up customer transformation and sales challenges in highly competitive B2C and B2B contexts, marked by regulatory and structural changes and changes in the economic climate (digitalisation of sales and customer relationship channels, competition, cost compliance). Whether in the telecom sector in 2000 as Executive Managing Director at SFR Numericable for 8 years or since 2018 with the global customer relationship leader Teleperformance Knowledge Services, he has successfully carried through numerous customer relationship projects (complaint reductions, anti-churn programmes, increase in customer bases) and is an expert in analytical/predictive models as applied to sales and customer issues (cross-sell, speech analytics, improved customer journeys, customer feedback management). On 9th July 2020, Eric Klipfel joined Solocal as Deputy Managing Director in charge of sales activities and customer operations. He took over the reins of the Key Accounts, VSE / SME Field, Telesales, Customer Success and Pilotage sales departments; and also the Customer Operations department.
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 managing the Company's transformation project. 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.
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.

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

Documents À Télécharger

Statuts Solocal Group

Solocal Group - Statuts EN.pdf


Règlement intérieur du Conseil d'Administration

Règlement intérieur du CA (octobre 2020).pdf


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