Long-term vision ensured through founding family shareholding
Sodexo’s independence is ensured through the shareholding of Mr. and Mrs. Pierre Bellon and their children, who control 72.6% of the family holding company, Bellon SA. This family-held control guarantees a long-term vision and is key to Sodexo’s success. As of August 31, 2021, Bellon SA held 42.8% of Sodexo’s capital and 57.2% of the exercisable voting rights.
PIERRE BELLON
Chairman Emeritus
Founder of Sodexo and
Chairman of the Supervisory Board of Bellon SA
In June 2015, Mr. and Mrs. Pierre Bellon and their children entered into a 50-year agreement, which prevents the direct descendants of Sodexo’s founder from freely disposing of their shares in Bellon SA. The sole asset of Bellon SA is its holding in Sodexo shares and Bellon SA does not intend to sell this shareholding to third parties.
This independence enables the Company to sustain its values, focus on a long-term strategy and ensure long-term sustainability. Since the creation of Bellon SA, the sustained commitment to building a truly international organization, nurturing lasting client relationships and developing a successful integrated offering has reflected this vision.
To ensure this independence, a service agreement was concluded in 1991 between Sodexo and Bellon SA, to consolidate the position of Bellon SA as the Group’s managing holding company. Under the terms of this agreement, which will be submitted for renewal at the upcoming Shareholders Meeting, Bellon SA put at Sodexo’s disposal, without any additional cost, three of its managers holding the positions of Chief Financial Officer, Chief People Officer and Chief Growth Officer. This enables Sodexo to benefit from the strong expertise of these managers, who ensure the dissemination within the Group of the long-term responsible vision and values defined by Pierre Bellon at the creation of the Group. Providing Sodexo with a truly strategic advantage, this agreement guarantees the family business model, creating sustainable value for all stakeholders.
CAPITAL STRUCTURE
As of August 31, 2021
Bellon SA holds 42.8% of Sodexo's capital.
Employees hold 1.6% of Sodexo's capital.
Treasury shares holds 0.8% of the Group
Public investors hold 54.8% of Sodexo, of which 50.2% is institutional and 4.6% individual
Sodexo owns 100% of Sofinsod which in turn owns 19.6% of Bellon SA
DISTRIBUTION OF EXERCISABLE VOTING RIGHTS
As of August 31, 2021
For more information, see Chapter 6 of the Universal Registration Document.