The Board of Directors of SUEZ has co-opted Philippe Petitcolin on Monday 1st February as a new member of the Board. Until December 2020, Mr. Petitcolin was Chief Executive Officer of Safran, a leading international high-technology group operating in the aviation, defence and space markets.
During his c.6 year tenure as Chief Executive Officer of Safran Mr. Petitcolin drove sustained growth and profitability resulting in substantial outperformance of Safran relative to the CAC40 benchmark. Mr. Petitcolin also oversaw the execution of Safran’s action plan which allowed Safran to successfully navigate the Covid-19 crisis.
Mr. Petitcolin is the fourth new appointment to the Board of Directors since October 27th 2020 following the co-optations of Mr. Anthony R. Coscia, Partner and Executive Committee member of Windels Marx, LLP, Mr. Bertrand Meunier, Chairman of the Board of Directors of Atos, and Mr. Jacques Richier, Chairman and CEO of Allianz France. These appointments demonstrate the continued commitment of SUEZ’s Board of Directors to further reinforce the skills and expertise necessary to oversee the execution of SUEZ’s strategy. This co-optation will be submitted to the approval of the next SUEZ General Meeting.
Philippe Varin ,Chairman of the Board of Directors of SUEZ, said: "Mr. Philippe Petitcolin has tremendous experience as a leader and operator of international businesses. We are pleased to welcome him to the SUEZ Board of Directors. His expertise in management, strategy and M&A will be instrumental to the Board of Directors, as we progress in the implementation of the SUEZ 2030 strategy."