Societe Generale: Managerial changes within the Group
SOCIETE
GENERALE: MANAGERIAL CHANGES WITHIN THE
GROUP
Press release
Paris, 31 October 2024
Societe Generale announces managerial changes within the
Group.
Within General Management:
Following a proposal by Slawomir Krupa, Chief Executive Officer,
the Societe Generale Board of Directors, under the chairmanship of
Lorenzo Bini Smaghi, approved on 30 October 2024 the reduction of
the number of General Management executive officers to two:
Slawomir Krupa, Chief Executive Officer,
and Pierre Palmieri, Deputy Chief Executive
Officer.
Philippe Aymerich, Deputy Chief Executive
Officer, will step down from his role on 31 October 2024.
As part of this change, Slawomir Krupa will assume direct
supervision of Retail Banking activities in France (SG Network and
BoursoBank), Private Banking, and Insurance.
Within Retail Banking and Private Banking:
Bertrand Cozzarolo and Thierry Le
Marre are appointed Co-Heads of the SG Retail Banking
network in France, effective 1 November 2024. They have been
serving Societe Generale and its clients since 2004 and 1998,
respectively. Their extensive experience in retail banking
activities in France and abroad, as well as their direct
contribution to the development of SG Retail Banking, will be
essential assets in implementing our ambitious commercial roadmap
to deliver sustainable performance.
They replace Marie-Christine Ducholet, who will
pursue projects outside the Group, effective 31 October 2024.
Mathieu Vedrenne is appointed Head of Private
Banking activities, effective 1 November 2024, replacing Bertrand
Cozzarolo. At the service of the Group and its clients since 2001,
he is currently Deputy Head of Private Banking, with particular
responsibility for Private Banking in France, where he has
successfully led its many years of sustainable growth.
Within Financial Management:
Leopoldo Alvear is appointed Chief Financial
Officer of the Group, effective 7 January 2025. He will also become
a member of the Group Executive Committee. With over 27 years of
banking experience, including 12 years as head of financial
departments at banking institutions (successively at Bankia and
currently at Banco Sabadell), Leopoldo Alvear has demonstrated
outstanding professional and leadership qualities.
He will succeed Claire Dumas, who will ensure a
seamless transition of the Chief Financial Officer duties until the
end of January 2025, before pursuing professional opportunities
outside the Group.
The role of the Chief Financial Officer remains a direct report
to Slawomir Krupa.
Slawomir Krupa, Chief Executive Officer,
comments: "Over the past 18 months, we have initiated
numerous transformation, development and efficiency initiatives to
strengthen our Group and increase the sustainability of our
performance. We are already realizing the tangible benefits in our
results. The trajectory of our improvement is clear, and our
determination is unwavering.
I would like to warmly thank Philippe and Marie-Christine for
their commitment throughout the many years they have served our
Group, and I wish them every success in their new
projects.
I am proud to promote our internal talents, Bertrand, Thierry
and Mathieu, to continue building the new model of our SG Network
in France while also developing our Private Banking activities, and
strengthening commercial dynamics, synergies, and financial
performance of our retail banking activities in France.
I would also like to thank Claire for all the work she has done
for Societe Generale over the past two decades, which she will
continue during the transition period until the end of
January.
I am delighted to welcome Leopoldo to our team starting 7
January. His experience as a chief financial officer of other
banking institutions, as well as his professional and personal
qualities, will be valuable assets in ensuring the flawless
execution of our strategic plan.
Our ambition remains the same: to build a stronger and more
profitable bank and create more long-term value for all our
stakeholders."
Press contact:
Jean-Baptiste Froville_+33 1 58 98 68 00_
jean-baptiste.froville@socgen.com
Biographies
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Bertrand Cozzarolo began his career in 2000 in the
General Inspection teams of the Ministry of Finance before joining
Societe Generale in 2004 as a financial analyst. He subsequently
held several management positions within retail banking
subsidiaries in Egypt and Bulgaria before returning to France in
2011 as Executive Management Chief of Staff. In 2015, he joined
Retail Banking in France, where he held various key positions in
commercial management and customer relations before being appointed
as the Commercial and Marketing Director in 2021. In December 2022,
he was appointed as the Head of Societe Generale Private
Banking.
He is a graduate of the Paris Institute of Political Studies and a
former student of the National School of Administration.
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Thierry Le Marre began his career in 1990 as a
consultant at Coopers & Lybrand before joining the Societe
Generale Group in 1998 in the Organization department. In 2002, he
became the Chief of Staff of the Chairman and Secretary of the
Board of Directors. From 2007 to 2014, he held various management
positions in international consumer credit activities. In 2014, he
joined retail banking in France, where he successively led two
regional delegations. In January 2021, he was appointed
co-responsible for the "Clients and network organization" project
within the merger project between Credit du Nord and Societe
Generale. He has been the Regional Director of SG Societe Generale
Ile-de-France Sud since 2023.
He is a graduate of the Paris Institute of Political Studies.
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Mathieu Vedrenne began his career as a consultant
at PriceWaterhouseCoopers in 1998 before joining the General
Inspection of Societe Generale in 2001, and then the Strategy
Department in 2005. In 2008, he was appointed as Executive
Management Chief of Staff. He joined Private Banking in 2011, where
he held several positions in Switzerland and France and contributed
to the commercial development of the activities. He has been Head
of Societe Generale Private Banking France since 2019 and Deputy
Head of Private Banking since 2023.
He is a graduate of the Swiss Federal Institute of Technology
Lausanne (EPFL).
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Leopoldo Alvear has over 27 years of experience in
financial services. Since 2021, he has been the General Manager and
Chief Financial Officer of Banco Sabadell. Previously, he spent 11
years at Bankia, where he successively held the positions of first
Head of Financial Management & Rating, and then, since 2012
Group CFO. He began his career at PWC in Corporate Finance before
joining Caja Madrid as head of Equity Capital Markets.
He is a graduate of the Complutense University of Madrid.
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Societe Generale
Societe Generale is a top tier European Bank with more than 126,000
employees serving about 25 million clients in 65 countries across
the world. We have been supporting the development of our economies
for 160 years, providing our corporate, institutional, and
individual clients with a wide array of value-added advisory and
financial solutions. Our long-lasting and trusted relationships
with the clients, our cutting-edge expertise, our unique
innovation, our ESG capabilities and leading franchises are part of
our DNA and serve our most essential objective - to deliver
sustainable value creation for all our stakeholders.
The Group runs three complementary sets of businesses, embedding
ESG offerings for all its clients:
- French Retail, Private Banking and Insurance,
with leading retail bank SG and insurance franchise, premium
private banking services, and the leading digital bank
BoursoBank.
- Global Banking and Investor Solutions, a top
tier wholesale bank offering tailored-made solutions with
distinctive global leadership in equity derivatives, structured
finance and ESG.
- Mobility, International Retail Banking and Financial
Services, comprising well-established universal banks
(in Czech Republic, Romania and several African countries), Ayvens
(the new ALD I LeasePlan brand), a global player in sustainable
mobility, as well as specialized financing activities.
Committed to building together with its clients a better and
sustainable future, Societe Generale aims to be a leading partner
in the environmental transition and sustainability overall. The
Group is included in the principal socially responsible investment
indices: DJSI (Europe), FTSE4Good (Global and Europe), Bloomberg
Gender-Equality Index, Refinitiv Diversity and Inclusion Index,
Euronext Vigeo (Europe and Eurozone), STOXX Global ESG Leaders
indexes, and the MSCI Low Carbon Leaders Index (World and
Europe).
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