Board of Directors

Arnaud Lagardère holds a DEA post-graduate degree in economics from the University of Paris Dauphine. He was appointed Director and Chief Executive Officer of MMB (which became Lagardère SCA and then Lagardère SA) in 1987. He was Chairman of the US company Grolier Inc. from 1994 to 1998. Arnaud Lagardère was appointed Managing Partner of the Company by way of a decision by Arjil Commanditée-Arco approved by the Supervisory Board on 26 March 2003 and his term of office was subsequently renewed in 2009, 2015 and 2020.

On June 30, 2021, he has been appointed Chairman and Chief Executive Officer of Lagardère SA.

Directorships and other positions currently held in other companies:

In France:

• Chairman and Chief Executive Officer, Arjil Commanditée-Arco
• Chairman and Chief Executive Officer and Chairman of the Board of Directors, Lagardère Media
• Director, Hachette Livre
• Chairman of the Supervisory Board, Lagardère Travel Retail
• Chairman of the Supervisory Board, Lagardère Active
• Director, Lagardère Ressources
• Chairman, Fondation Jean-Luc Lagardère
• Chairman, Association des Amis de la Croix-Catelan (formerly Lagardère Paris Racing Ressources sports association) (non-profit organisation)
• Chairman, Lagardère Paris Racing sports association (non-profit organisation)
• Chairman, Lagardère SAS
• Chairman, Lagardère Capital (formerly Lagardère Capital & Management)
• Chairman, Lagardère Management
• Chairman, LM Holding
• Member of the Board of Directors, Société de Distribution Aéroportuaire (SDA)
• Member of the Board of Directors, Relay@ADP

Outside France:

• Chairman, Lagardère North America

A graduate of the Institut d’Etudes Politiques de Paris, with a degree in Economic Science and a diploma from the SFAF (French Society of Financial Analysts), Virginie Banet began her career as a financial analyst at SBS, Warburg and then Deutsche Bank specialising in Capital Goods and Aerospace and Defence for Europe (1989-2003) before becoming an investment banker and Head of M&A Aerospace & Defence at Deutsche Bank and then at Airbus (2003-2008). From 2008 to 2010, she was a member of the Executive Committee of Lagardère Média, head of investor relations and financial market communications policy. From 2011 to 2014, she was a member of the Executive Committee of Natixis, Director of customer relations and advisory services, head of banking teams in France and abroad as well as traditional financing. In 2014, Virginie Banet joined Ondra as a Partner, and then joined Nomura as an investment banker in 2015. In September 2019, she founded her own financial consulting company Iolite Financial Consulting and became Senior Advisor at AlixPartners and Foncière Atland.

She is currently a member of the Board of Directors and the Audit Committee of Netgem and a member of the Board of Directors of Mediobanca SpA.

Directorships and other positions currently held by Virginie Banet:

In France:

• Chair, Iolite Financial Consulting
• Senior Advisor, AlixPartners
• Member of the Board of Directors and Audit Committee, Netgem (listed company)
• Senior Advisor, Foncière Atlan

Outside France:

• Member of the Board of Directors, of the Remuneration Committee and of the CSR committee, Mediobanca SpA (listed company)

Valérie Bernis is a graduate of the Institut Supérieur de Gestion and the Université de Sciences Economiques in Limoges. Having spent two years as Press and Communications Officer for the French Prime Minister’s Officer, in 1996 she joined Compagnie de Suez as Executive Vice-President – Communications, and then in 1999 was appointed Deputy CEO in charge of Corporate Communications and Sustainable Development. During that time, she also served for five years as Chair and CEO of Paris Première, a French TV channel.

Directorships and other positions currently held in other companies:

In France:

• Member of the Board of Directors, Chair of the CSR Committee and member of the Remuneration Committee, Atos (listed company)
• Member of the Board of Directors, Chair of the Remuneration Committee and member of the Strategy Committee and the Commitments Committee, France Télévisions
• General Secretary of the Board of Directors, AROP (Opéra de Paris)
• Member of the Board of the French Alzheimer’s Research Foundation

Outside France:

• Member of the Board of Directors and member of the Appointments Committee, the CSR Committee and the Audit Committee of L’Occitane International SA (listed company)

A graduate of the École Polytechnique and the École Nationale des Ponts et Chaussées, Laura Carrere has over 16 years of experience in investment banking at Société Générale, where she was Vice President in structured finance for technology, media & telecoms (from 2003 to 2007), then Managing Director of equity transactions for large companies (from 2008 to 2016), before being promoted to Managing Director, responsible for coverage for Family offices & Holdings at the Investment Bank (from 2017 to 2019). From 2018 to 2019, Laura Carrere was also a member of the Board of Directors of ALD, the European leader in car leasing solutions. Laura Carrere also served as Commercial Director Southern Europe at EcoAct from 2020 to 2021.

Directorships and other positions currently held in other companies:

En France:

• Assistant Managing Director, Development and Investor Relations, Eiffel Investment Group
• Director, X-Environnement (non-profit organisation)

Outside France:

• None

Fatima Fikree is an Associate Director at the Qatar Investment Authority. She is a graduate of Carnegie Mellon University, the Tepper School of Business. Fatima Fikree began her career in the financial industry at Barclays plc and joined the Qatar Investment Authority in 2017. Fatima Fikree holds a Bachelor of Science degree in Business Administration and is a Chartered Financial Analyst.

Directorships and other positions currently held in other companies:

In France:

• None

Outside France:

• Chair of Supervisory Board, Northern Capital Gateway
• Chairman and Director, Q West Holding LLC
• Chairman and Director, Qure Holding LLC
• Director, F3 Holding LLC
• Director, Thalita Trading Limited

Marie Flavion is currently Operational Marketing Product Manager at the Hatier Group’s Diffusion Department, in charge of relations between Diffusion and publishers and event communication, a position she has held since 2014. She joined the Hatier Group’s Distribution Department in 1990, first as a project manager, before taking up the position of Promotion and Communication Manager from 2000 to 2014.
She began her career at Editions Larousse in 1985 as an archivist and editor.
She has held a number of different positions within the employee representative bodies of Editions Hatier.
Marie Flavion holds a Master’s degree in Philosophy from the University of Paris Sorbonne and a DEUG in modern literature.

Directorships and other positions currently held by Marie Flavion:

• None

Pascal is a graduate of the École des Beaux-Arts in Angoulême and has been a sales executive with Larousse since 1991.
He has held a number of different positions within the employee representative bodies of Larousse and the Lagardère group.

Directorships and other positions currently held by Pascal Jouen:

In France:

• Deputy Mayor of Saint-Martial de Valette (France)
• Representative of the Périgord Vert group of municipalities

Outside France:

• None

In France:

• Chairman of the Management Board, Vivendi (listed company)
• Chairman of the Supervisory Board, Universal Music France
• Member of the Supervisory Board, Canal+ Group
• Director, Havas
• Chairman of the Board of Directors, Editis Holding
• Chairman of the Board of Directors, Prisma Media
• Member of the Advisory Committee, Innit
• Honorary Chairman, French-American Foundation

Outside France:

• Director and member of the Strategic Committee, Telecom Italia SpA (Italy) (listed company)

Mr. René Ricol holds a Master’s degree in economy, and is a certified public accountant and auditor.

After starting his career as a partner in accounting firms, he co-founded the financial expertise firm Ricol & Lasteyrie in 1986, which he chaired until its sale in 2015.

In 2018, he created the consulting firm Ricol Lasteyrie, which he chairs and within which he is more specifically in charge of strategy and crisis management consulting.

Mr. René Ricol has also chaired France’s national institute of statutory auditors (Compagnie Nationale des Commissaires aux Comptes) (1985-1989), the National Association of Chartered Accountants (Conseil Supérieur de l’Ordre des Experts-Comptables) (1994-1998), the Association of Financial Consultants and Experts (Compagnie des Conseils et Experts Financiers) and the International Federation of Accountants – IFAC (2002- 2004).

Finally, Mr. René Ricol has held a number of positions of public responsibility, serving as President of the French Trade Credit Observatory, President of the Agency for Business Creation, Chair of the advisory board of France Investissement, national Credit Mediator, then General Commissioner for Investment.

Directorships and other positions currently held by René Ricol

In France:

• Chairman, Ricol & Co
• Chairman, Ricol – Lasteyrie
• Director, Ricol – Lasteyrie Conseil
• Member of the Board of Directors and Treasurer of the Institut Montaigne
• Member of the Board of Directors and Treasurer of Fondation de la deuxième chance
• Member of the Board of the Medical Faculty of Paris Sud
• Deputy Chairman, Fondation de France
• Director, Quartet Santé (non-profit)
• Partner, SCI du 39 rue Houdan

Outside France:

• None

Nicolas Sarkozy was the 6^th President of France’s Fifth Republic (2007-2012).

Mayor of Neuilly-sur-Seine (1983-2002), National Assembly Representative for Hauts-de-Seine (1988-2002), President of the General Council for Hauts-de-Seine (2004-2007), Minister for the Budget (1993-1995), Minister for Communications (1994-1995), Government spokesman (1993-1995), Minister of the Interior, Internal Security and Local Freedoms (2002-2004), Minister of State, Minister for the Economy, Finance and Industry (2004), Minister of State, Minister of the Interior and Town and Country Planning (2005-2007). He was also the elected leader of French political parties UMP (2004-2007) and Les Républicains (2014-2016).

A trained lawyer, Nicolas Sarkozy is married and has four children. He is the author of several books, including Libre, Témoignage, La France pour la vie, Tout pour la France, Passions, Le Temps des Tempêtes and Promenades. He also provides consulting services to several international groups (Member of the Natixis International Advisory Network, Chairman of the Advisory Board of Corsair (listed company), as well as to the Management Committee of the Marietton group. Nicolas Sarkozy sits on the advisory boards of Axian, Chargeurs (listed company) and SPAO Reso Garantia.

Directorships and other positions currently in other companies:

In France:

• Director and Chairman of the International Strategy Committee, Accor (listed company)
• Director and member of the Strategy Committee, Lucien Barrière group SAS
• Member of the Supervisory Board, LGI – Lov Group Invest
• Member of the Natixis International Advisory Network

Outside France:

• None