REG - Compagnie St-Gobain - New organization

Compagnie de Saint Gobain SAAnnouncement

05/06/2025 18:15

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RNS Number : 6967L  Compagnie de Saint-Gobain  05 June 2025

 

DEEPENING OF THE LOCAL MODEL

AND CHANGES IN THE EXECUTIVE COMMITTEE AS OF JULY 1, 2025

 

·    A new stage in the Group's transformation, with a fully regional
organization

to accelerate growth of our solutions country by country

 

·    A renewed Executive Committee to lead the next phase of the Group's
profitable growth, which will be presented at the Capital Markets Day on
October 6, 2025

 

 

 

 

Benoit Bazin, Chairman and Chief Executive Officer:

"Our decentralized country-based organization set up in 2019 and rolled out
with our "Transform & Grow" and then "Grow & Impact" strategic plans
has been key to our success. Today we are taking a new step forward with the
deepening of our local organizational model. Country CEOs will now be
responsible for the full range of Saint-Gobain's solutions, including those
previously managed within High Performance Solutions, such as construction
chemicals and industrial solutions. The local management of all product lines
is designed to accelerate sales growth in each market segment and address an
increasingly fragmented geopolitical environment.

To maximize our operating performance and the deployment of our full range of
solutions in each country, along with best manufacturing, digital and business
practices, we are putting in place a new Group Operational Performance
department.

We will present our new strategic plan at our Capital Markets Day on October
6, and I know I can count on our teams to drive this new phase of profitable
growth. Today I'm pleased to announce the Executive Committee that will be in
place as of July 1 to successfully roll out our ambitions as worldwide leader
in light and sustainable construction."

 

 

A decentralized organization to enhance our local model

 

As of July 1, 2025, country CEOs - with expanded responsibilities - will be in
charge of selling the entire range of Saint-Gobain's solutions. They will aim
to accelerate local growth of the Group's multi-product offer, including the
development of specified sales and key-account management to unlock the full
potential of Saint-Gobain's solutions in each country. Country CEOs will be
supported by a Group Operational Performance department to guide and support
them.

 

Saint-Gobain is thereby strengthening its local organizational model to
accompany the growing regionalization of its customers - notably in industrial
markets - and to adapt to the global geopolitical environment. All of the
Group's solutions, including those currently part of High Performance
Solutions, will now be managed by country, in close proximity to customers.
Saint-Gobain already benefits from local value chains (industrial footprint,
logistics, procurement, branding, sales and customers) with no direct exposure
to customs barriers, as well as from its major innovation hubs being
regionalized: in Europe (France and Germany), the US, India, Brazil and China.

 

 

In terms of reporting, the Group will publish its accounts based on four
Regions (Northern Europe, Southern Europe - Middle East & Africa,
Americas, Asia-Pacific).

It will also report quarterly sales figures for its industrial solutions (the
part of High Performance Solutions exposed to industrial end-markets). Once a
year, it will provide a breakdown of its sales by major product line.

 

During the transition period, reporting based on both the existing and the new
structure will be available for 2024 and 2025:

- In the first half of 2025, the Group will publish its accounts based on its
existing organization (i.e., four Regions and High Performance Solutions) and
provide equivalent figures based on its new organization (four Regions).

- In the second half and for its full-year 2025 results, it will publish its
accounts based on its new organization and will provide equivalent figures
based on its existing organization.

 

At its Capital Markets Day scheduled for October 6, the Group will present its
profitable growth trajectory based on its new organization.

 

 

Changes in the Executive Committee

 

Following the Board of Directors' meeting and the Annual General Meeting of
June 5, 2025, Benoit Bazin, Chairman and Chief Executive Officer, is reshaping
the leadership team who will be responsible for driving the next phase of the
Group's profitable growth, effective July 1, 2025.

 

Patrick Dupin is appointed Group Chief Operating Officer. He will be
responsible for all the Group's expertise platforms - covering industrial,
digital, purchasing, innovation and offer by product line - that will guide
and support the operational performance of each country. Anne Hardy, Chief
Innovation Officer, Ursula Soritsch-Renier, Chief Digital and Information
Officer, and Nicolas Miègeville, Chief Technology Officer, will report to
Patrick Dupin and be members of the Executive Committee. Nicolas will replace
Benoit d'Iribarne who will coordinate industrial solutions.

 

Regarding regional CEOs, David Molho will replace Patrick Dupin to manage
Northern Europe. Thierry Bernard and Camille Harrissart will become CEO
Southern Europe - Middle East & Africa, and CEO Latin America,
respectively, replacing Thierry Fournier and Javier Gimeno who are leaving the
Group after having successfully transformed their respective regions. North
America and Asia-Pacific will continue to be led by Mark Rayfield and Sreedhar
N., respectively.

 

The other members of the Executive Committee remain unchanged, namely Maud
Thuaudet (Chief Financial Officer), Claire Pedini (Human Resources and
Corporate Social Responsibility Director), Antoine Vignial (Group Corporate
Secretary), Noémie Chocat (Corporate Strategy Director) and Laurence Pernot
(Communications Director).

 

 

Biographies

 

Patrick Dupin, 61, appointed Group Chief Operating Officer, currently CEO
Northern Europe Region (since 2019), joined Saint-Gobain in 1999 as Finance
Director of the Abrasives activity. In 2005 he was appointed Finance Director
of the Innovative Materials Sector and then in 2012, General Manager of
Automotive Glazing. He managed the Flat Glass Business Sector between 2014 and
2018.

 

Thierry Bernard, 57, appointed CEO Southern Europe - Middle East & Africa
Region, currently Chief Executive Officer of the Construction Chemicals
business unit, joined the Group in 2021 at the time of the acquisition of
Chryso, where he served as Chief Executive Officer from 2011. Over the past
four years, he has played a major role in creating Saint-Gobain's global
leadership in construction chemicals, notably through the acquisitions of GCP
and FOSROC.

 

Camille Harrissart, 40, appointed CEO Latin America, currently Chief Executive
Officer of Abrasives Latin America, joined the Group in 2016 as Head of
Strategy for the Construction Products Business Sector, after spending seven
years at Boston Consulting Group. She then became Head of Strategy for Europe,
playing a key role in executing the "Transform & Grow" plan. In 2020, she
was appointed Chief Executive Officer of Point.P Ile-de-France Region, before
taking up her current role in 2022, based in São Paulo (Brazil).

 

Nicolas Miègeville, 45, appointed Chief Technology Officer, has served as
Chief Executive Officer of Saint-Gobain Ceramics since 2020. He joined
Saint-Gobain in 2002 and has extensive knowledge of our industrial operations
after ten years in plant leadership roles, notably in Brazil, South Korea and
Egypt. From 2014 to 2019, he held various operational roles in Abrasives,
including managing the Latin American business.

 

 

 Analyst/Investor conference call (in English) at 8:15am (Paris time) on June
 6, 2025. Join by dialing:

 +44 20 3059 5875 or +1 718 705 8795 or +33 1 70 91 87 14 (code 4276084#)

 Please dial-in five to ten minutes before the scheduled time.

 The conference call recording will be available after the live session by
 dialing:
 +39 02 802 0987, then 700760# and 760#, from 10:00am (Paris time) until July
 6, 2025.

 

 

 

 

 

 

 

 

 

About Saint-Gobain

Worldwide leader in light and sustainable construction, Saint-Gobain designs,
manufactures and distributes materials and services for the construction and
industrial markets. Its integrated solutions for the renovation of public and
private buildings, light construction and the decarbonization of construction
and industry are developed through a continuous innovation process and provide
sustainability and performance. The Group, celebrating its 360th anniversary
in 2025, remains more committed than ever to its purpose "MAKING THE WORLD A
BETTER HOME".

 

€46.6 billion in sales in 2024

More than 161,000 employees, locations in 80 countries

Committed to achieving net zero carbon emissions by 2050

 

For more information about Saint-Gobain, visit www.saint-gobain.com
(http://www.saint-gobain.com/) and follow us on X @saintgobain
(https://twitter.com/saintgobain)

 Analyst/investor relations                Press relations
 Vivien Dardel:         +33 1 88 54 29 77  Patricia Marie:   +33 1 88 54 26 83
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 Alix Sicaud:           +33 1 88 54 38 70  Yanice Biyogo:                +33 1 88 54 27 96
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