This Day On The Street
Continue to site right-arrow
ADVERTISEMENT
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
Cramer's Action Alerts PLUS - See his portfolio and get alerts BEFORE every trade. Learn more NOW!

Edenred's New Executive Committee

The Group has set itself the aim of achieving +6% to +14% issue volume annual growth and over 10% growth in funds from operations per year.

In the framework of the strategy to "Conquer 2012" and "Invent 2016", the Group's Executive Committee, chaired by Jacques Stern , is being reorganized as follows:

Operational functions:

  • Jean-Louis Claveau, Chief Operating Officer for Hispanic Latin America and North America
  • Laurent Delmas, Chief Operating Officer for France
  • Arnaud Erulin, Chief Operating Officer for Central Europe and Scandinavia
  • Graziella Gavezotti, Chief Operating Officer for Southern Europe
  • Oswaldo Melantonio Filho, Chief Operating Officer for Brazil
  • Laurent Pellet, Chief Operating Officer for Asia-Pacific
  • Bernard Rongvaux, Chief Operating Officer for Northern Europe, the Middle East and Africa

Support functions:

  • Gilles Bonnin, Executive Vice President, Technology and Strategic Information Systems
  • Gilles Coccoli, Executive Vice President, Strategy and Development
  • Philippe Dufour, Executive Vice President for Alternative Investments
  • Loïc Jenouvrier, Chief Financial Officer in charge of Legal Affairs
  • Jeanne Renard, Executive Vice President, Human Resources
  • Eliane Rouyer-Chevalier, Executive Vice President, Communications and Corporate Social Responsibility

The committee is being restructured further to the following changes:

  • Gilles Bonnin , Executive Vice President in charge of Technology and Strategic Information Systems since 2011, is joining the Executive Committee. A digital transition pioneer, Edenred is therefore placing technology at the heart of its service quality and its ability to be different.
  • Gilles Coccoli is joining the Executive Committee to take charge of the Strategy and Development department. The mission of this department is to support the development of new programs and services. Gilles Coccoli was previously Managing Director in charge of Edenred's authorization platform, PrePay Solutions. He will be replaced by Ray Brash , the former Deputy Managing Director of PrePay Solutions, who will report to Gilles Coccoli.
  • Philippe Dufour , former Executive Vice President, Strategy and Development, is now Executive Vice President for Alternative Investments. In this capacity, he will coordinate an entity whose aim will be to accompany, through minority holdings, companies offering value-added services to Edenred's stakeholders (affiliates, beneficiaries, clients). This new initiative will supplement the internal approach to innovation and the external approach, which was recently initiated with the 15% investment in the Partech investment fund.
  • Graziella Gavezotti, the former Chief Operating Officer of Edenred Italy, has taken on new responsibilities as the Chief Operating Officer for Southern Europe ( Spain, Greece, Italy, Portugal and Turkey). This region is strategically important for the Group, since it offers new opportunities for growth by developing new solutions.
  • Laurent Pellet , the former Chief Operating Officer for Southern Europe, excluding Italy, is the new Chief Operating Officer of the Asia-Pacific zone ( China, South Korea, India, Singapore, Taiwan - with South Africa also included in this region), which is a source of high potential growth for Edenred, especially in terms of geographic expansion.
  • Jeanne Renard, former Deputy Director reporting to the Chairman and Chief Executive Officer, has been appointed Executive Vice President for Human Resources. She remains in charge of the Group's in-house governance bodies.

Jacques Stern, the Group's Chairman and Chief Executive Officer, stated:  "Edenred now, more than ever before, has the resources and the organization to achieve its ambition: making Edenred the referent for its stakeholders in order to generate strong and sustainable growth. To achieve this ambition, the Group's 6,000 employees are all working every day to deliver differenciated solutions and offer unique service quality."

Edenred , which invented the Ticket Restaurant ®   meal voucher and is the world leader in prepaid corporate services, designs and delivers solutions that make employees' lives easier and improve the efficiency of organizations.

Edenred solutions ensure that funds allocated by companies are used as intended. These solutions help to manage:

  • Employee benefits    (Ticket Restaurant ® , Ticket Alimentación, Ticket CESU, Childcare Vouchers, etc.).
  • The  expense management    process (Ticket Car, Ticket Clean Way, Ticket Frete, etc.).
  • Incentive and rewards programs    (Ticket Compliments, Ticket Kadéos, etc.).

The Group also supports public institutions in managing their  social programs .

Listed on the NYSE Euronext Paris stock exchange, Edenred operates in 38 countries, with nearly 6,000 employees, nearly 580,000 companies and public sector customers, 1.3 million affiliated merchants and 36.2  million beneficiaries. In 2011, total issue volume amounted to €15.2  billion, of which 58% was generated in emerging markets.

Ticket Restaurant® and all other trade names of Edenred products and services are registered trademarks of Edenred SA.

2 of 3

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Try it NOW
Only $9.95
Try it NOW
14-Days Free
Try it NOW

Check Out Our Best Services for Investors

Dividend Stock Advisor

David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Options Profits

Our options trading pros provide over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • Actionable options commentary and news
  • Real-time trading community
Try it NOW
Try it NOW
Try it NOW
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!
SYM TRADE IT LAST %CHG

Markets

DOW 18,132.70 -81.72 -0.45%
S&P 500 2,104.50 -6.24 -0.30%
NASDAQ 4,963.5270 -24.3630 -0.49%

Partners Compare Online Brokers

Free Reports

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs