The Board of Directors

Composition of the board of directors: a diverse board of directors striving to offer beauty for all.

The Board of Directors
The Board of Directors

Highly committed, independent, balanced in its composition and enriched with the diversity of its members, the Board of Directors determines the Company’s strategic orientations, ensuring and monitoring their implementation and overseeing the good management thereof.

Composition of the board of directors: a diverse board of directors striving to offer beauty for all


The organization of L’Oréal’s Board of Directors is adapted to the Company’s specificities with regards to its constant drive towards progression: a stable and loyal shareholding structure, an expertise that is solely focused on the beauty profession and the remarkable loyalty of its senior managers, who have a thorough knowledge of the business. This streamlined mode of governance, with specialized board committees that aide in the organization and preparation of the Board’s deliberations, simplifies the decision-making in the beauty profession, where constant innovation and adaptation are highly demanding. The balance of powers on the Board is ensured through a very precise definition and sharing of the tasks to be carried out by everyone. Since July 15th 2014, The Board of Directors is comprised of 15 members: the Chairman and Chief Executive Officer, five Directors appointed by the main shareholders, three seats for Françoise Bettencourt Meyers and her family and two seats for Nestlé (the two Vice-Chairmen of the Board being chosen from among these members), seven independent Directors and two Directors representing the employees. Six women have a seat on the Board, representing a proportion of female directors of 46 %.

A DIVERSE BOARD OF DIRECTORS STRIVING TO OFFER BEAUTY FOR ALL

A strongly committed and vigilant Board of Directors
Endowed with complimentary experience and expertise (financial, industrial or business), the Directors participate actively and regularly in the works of the Board and its four specialised committees: the Strategy and Sustainable Development Committee, the Audit Committee, the Human Resources and Remuneration Committee, and the Appointments and Governance Committee.

Well-informed and independent Directors
L’Oréal’s Board of Directors is informed on an ongoing basis of all the aspects of the state of the Company’s business and its performances by meeting a large number of senior managers and engaging in open and constructive dialogue with them.
The Board carries out its work on a collective basis, in accordance with ethical principles and in compliance with the legal provisions, regulations and recommendations. Every year, the Board makes a full evaluation of its modus operandi and its organization.
The Board’s work and deliberations are carried out completely independently of the operational commitments by the General Management.

 

 

Jean-Paul Agon

Chairman and CEO of L’Oréal, Board member since 2006, term of office renewed in 2018. Air Liquide Board member.

Chairman of the Strategy and Sustainable Development Committee.

 

Françoise Bettencourt Meyers

Daughter of Liliane Bettencourt, and granddaughter of the founder of L’Oréal, Eugène Schueller. L’Oréal Board member since 1997, term of office renewed in 2017. Chairwoman of the family-owned holding company Téthys. Chairwoman of the Bettencourt Schueller Foundation.

Member of the Strategy and Sustainable Development Committee.

 

Paul Bulcke

A Belgian and Swiss national. L’Oréal Board Member since 2017 and Vice-Chairman of the Board of Directors. Chairman of the Board of Directors of Nestlé since April 2017. Board member of Roche Holding (Switzerland).

Member of the Strategy and Sustainable Development Committee.
Member of the Nominations and Governance Committee.
Member of the Human Resources and Remuneration Committee.

 

Jean-Pierre Meyers

L’Oréal Board member since 1987, term of office renewed in 2016 and Vice-Chairman of the Board of Directors. Vice-Chairman of the Supervisory Board and Chief Executive Officer of the family-owned holding company Téthys.

Member of the Strategy and Sustainable Development Committee.
Member of the Nominations and Governance Committee.
Member of the Human Resources and Remuneration Committee.

 

Ana Sofia Amaral

Portuguese. L’Oréal Board member since 2014, term of office renewed in 2018. Scientific and Technical Affairs Director for L’Oréal Portugal.

Member of the Human Resources and Remuneration Committee.

 

Sophie Bellon

L’Oréal Board member since 2015. Chairwoman of Sodexo's board.

Chairwoman of the Nominations and Governance Committee.
Chairwoman of the Human Resources and Remuneration Committee. 
Member of the Audit Committee.

 

Axel Dumas

L’Oréal Board member since 2018. Executive Chairman of Hermès International.

Member of the Audit Committee.

 

Patrice Caine

L’Oréal Board member since 2018. Chairman and Chief Executive Officer of the Thales Group.

Member of the Nominations and Governance Committee. .

 

Belen Garijo

Spanish. L’Oréal Board member since 2014, term of office renewed in 2018. Chairwoman and CEO of Merck Healthcare, pharmaceutical subsidiary of the German group Merck. Board member of BBVA (Spain).

Member of the Human Resources and Remuneration Committee.

 

Beatrice Guillaume-Grabisch

L’Oréal Board member since 2016. General Manager of Nestlé Germany.

Member of the Audit Committee.

 

Bernard Kasriel

L’Oréal Board member since 2004, term of office renewed in 2016. Former CEO of Lafarge. Board member of Nucor (United States).

Member of the Strategy and Sustainable Development Committee.

 

Georges Liarokapis

French and Greek. L’Oréal Board member since 2014, term of office renewed in 2018. Coordinator of Sustainability for L’Oréal Western Europe.

Member of the Audit Committee.

 

Jean-Victor Meyers

Son of Mrs Françoise Bettencourt Meyers and M. Jean-Pierre Meyers. L’Oréal Board member since 2012, term of office renewed in 2016. Member of the Supervisory Board of Téthys.

Member of the Audit Committee.

 

Virginie Morgon

L’Oréal Board member since 2013, term of office renewed in 2017. With Eurazeo since 2008, after sixteen years at Lazard, Chairwoman of the Management Board of Eurazeo. .  Board Member of Vivendi and Moncler (Italy).

Chairwoman of the Audit Committee.

 

Eileen Naughton

L’Oréal Board member since 2016. Vice-President People Operations at Google which she joined in 2006 after several positions in Time Warner, including the President of Time Group from 2002 to 2005.

Member of the Human Resources and Remuneration Committee.