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Eurazeo sets up new executive board with two chairmen

Headquartered in Paris, Eurazeo is a global investment company.

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  • The new executive board will comprise Christophe Bavière, William Kadouch-Chassaing, Sophie Flak and Olivier Millet
  • Virginie Morgon will step down as the CEO and a member of the executive board
  • The firm has €32.4 billion in assets under management

The Eurazeo supervisory board has announced a new executive board comprising two chairmen, Christophe Bavière and William Kadouch-Chassaing, along with Sophie Flak and Olivier Millet.

The executive board was appointed unanimously by the supervisory board.

The new executive board is tasked with accelerating Eurazeo’s development towards third-party asset management, optimising the capital allocation and improving the company’s financial and non-financial performance, according to a release.

Christophe Bavière, William Kadouch-Chassaing, and Olivier Millet have been members of Eurazeo’s executive board since 2021, 2022, and 2018, respectively.

Sophie Flak joined the firm in 2013 and is the managing partner in charge of ESG and digital, and member of the Partners Committee.

Virginie Morgon has decided to step down as the CEO and a member of the executive board. Additionally, the mandates of Nicolas Huet, Eurazeo’s general secretary, and Marc Frappier, head of the mid-large buyout investment division have ceased and they will perform their duties until the end of April 2023.

“With the appointment of a new, collegial, and focused executive board, comprising Christophe Bavière, William Kadouch-Chassaing, Sophie Flak and Olivier Millet, the Board has sought to instil a new dynamic to accelerate the development of Eurazeo’s activities and to deploy a high-performance strategy creating value for the benefit of all its stakeholders,” said Jean-Charles Decaux, president of the Supervisory Board.

The first chairman of the board of directors will be Christophe Bavière, and the first CEO will be William Kadouch-Chassaing. These positions will be rotated annually, the firm said.

Based in Paris, France, Eurazeo is a global investment company. The firm has €32.4 billion in assets under management, including nearly €23.2 billion from third parties, invested in 530 companies. It has offices in Paris, New York, London, Frankfurt, Berlin, Milan, Madrid, Luxembourg, Shanghai, Seoul, Singapore, and Sao Paulo.