Fiscal 2021 Universal Registration Document

6. Corporate governance

As of August 31, 2021, Sodexo’s Executive Committee had 18 members (including Denis Machuel), 33% women covering eight different nationalities. These members are as follows:

Denis Machuel Chief Executive Officer
Anne Bardot Group Chief Communications Officer
Nathalie Bellon-Szabo CEO, Sports and Leisure Worldwide, On-site Services
Johnpaul Dimech CEO, Geographic Regions Region Chair, Asia Pacific, On-site Services Also responsible for Institutional Relations (together with Anna Notarianni)
Sean Haley CEO, Service Operations Worldwide and Chairman of Entegra Region Chair, UK & Ireland, On-site Services
Tony Leech CEO, Government & Agencies Worldwide, On-site Services
Sylvia Metayer Group Chief Growth Officer
Sarosh Mistry Region Chair, North America, On-site Services Chair, Universities North America, On-site Services CEO, Home Care Services Worldwide
Belen Moscoso Del Prado Group Chief Digital and Innovation Officer
Sunil Nayak CEO, Corporate Services Worldwide, On-site Services
Anna Notarianni Region Chair, France, On-site Services Responsible for Societal Innovation Also responsible for Institutional Relations (together with Johnpaul Dimech)
Marc Plumart CEO, Healthcare & Seniors Worldwide, On-site Services
Marc Rolland Group Chief Financial Officer
Didier Sandoz CEO, Personal & Home Services Director of Group Social Responsibility and Chairman of Stop Hunger Advisory Committee
Simon Seaton CEO, Energy & Resources Worldwide
Aurélien Sonet CEO, Benefits & Rewards Services
Bruno Vanhaelst Group Chief Sales and Marketing Officer
Annick de Vanssay Group Chief People Officer(1)

(1) During the transition period.

In addition, at the beginning of Fiscal 2022, Sophie Bellon replaced Denis Machuel at the Executive Committee.

Accordingly, since then, the Executive Committee comprises 18 persons, of which 39% are women and eight nationalities are represented.

The Executive Committee is supported by a Group Investment Committee whose members comprise the Chief Executive Officer, the Chief Financial Officer and one or more CEOs, depending on the investment projects concerned. This Committee considers and approves:

  • significant new contracts for the Group;
  • any plan to invest in property, plant and equipment or intangible assets as well as cumulative overruns of any investment budget approved at the beginning of the fiscal year;
  • any plan to invest in or acquire companies;
  • disposals of shareholdings.

The Executive Committee meets regularly in plenary meetings, and ad hoc meetings are held when required.

DIVERSITY POLICY WITHIN THE GOVERNING BODIES

With a ratio of women of 39%, the gender diversity within the Executive Committee complies with best market practices.

During Fiscal 2021, the Board of Directors examined gender diversity within the Group's governing bodies, current objectives related there to and the action plan followed by the management. Two objectives were set by the Board:

  • promoting women to top management positions, i.e.,positions reporting directly to a member of the Group Executive Committee. The objective set by the Board of Directors is to maintain the ratio of 40% women in this managerial group as of August 31, 2023;
  • promoting women to Global Senior Leaders (GSL - top 1,600) of the Group. The objective set by the Board is to achieve a ratio of at least 38% women in this group as of August 31, 2023.

In line with this, performance shares granted to Executive Committee members and Global Senior Executives (top 200) are subject, among other criteria, to these specific diversity and inclusion vesting conditions.

Gender diversity within the governing bodies is described in detail in the Extra-Financial Performance Declaration, section 2.3.3 of this Registration Document.