Nicolas Sarkozy and Guillaume Pépy join the Lagardère board

Through Le Figaro with Reuters

Lagardère announced Thursday February 27 the entry of the former head of state Nicolas Sarkozy and the ex-president of the SNCF Guillaume Pépy to its supervisory board.

Mr. Nicolas Sarkozy, former President of the French Republic, and Mr. Guillaume Pepy, former President of SNCF, will join the Supervisory Board as independent members and will both sit on the Strategic Committee that the Board decided to create in its breast“Said the group in a statement.

These new recruits will support the group led by Arnaud Lagardère, pressured by the activist fund Amber Capital, which recently increased its stake in the company to more than 10%.

Lagardère, which is present in publishing, travel retail and the media, also reported an increase in 2019 of “Recurring EBIT»Of the target perimeter of 5.6% to 361 million euros and an annual net profit of 11 million euros, compared to 199 million in 2018. The group has set a target for growth in resop in 2020 included between 4% and 6%, excluding the impact of the coronavirus.

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