Caravelle CEO Quits Sopra Group’s Board

The Sopra Group, a European provider of IT services, said that Hélène Martel-Massignac, CEO of Caravelle, a French private equity firm that backs the Sopra Group, has resigned from the company’s board and as a member of its audit committee and compensation committee. Although the resignation was effective May 22, it was acknowledged in a meeting chaired on Thursday by Pierre Pasquier who heads Sopra Group’s board of directors.

PRESS RELEASE

PARIS–(BUSINESS WIRE)–Regulatory News:
At its meeting of 30 May 2013 chaired by Pierre Pasquier, the Board of Directors of Sopra Group (Paris:SOP) acknowledged the resignation of Hélène Martel-Massignac from the Board and as a member of its Audit Committee and Compensation Committee, effective 22 May 2013.
In submitting her resignation, Martel-Massignac explained that Caravelle, of which she is Chief Executive Officer, was willing to freely review options relating to the shareholding interest it has held in the Sopra Group since 2004.
Martel-Massignac made clear that this resignation does not in any way cast doubt on Caravelle’s confidence in Sopra Group’s executive management team.
Pierre Pasquier, Chairman of Sopra Group’s Board of Directors, together with all of the members of the Board, duly acknowledged this resignation and expressed appreciation for Martel-Massignac’s service on the Board of Directors.
About Sopra Group
A leader in the European consulting, IT services and software solutions markets, Sopra Group generated revenue of €1.217 billion in 2012 and today employs over 15,000 staff. Thanks to a long-standing culture of excellence and strong sector-specific, functional and technological know-how, the Group offers its clients an end-to-end approach based on a well-honed business model. Sopra Group’s ambition is to allow its clients to successfully complete transformation projects that will give them a competitive edge and help them drive growth. Sopra Group’s specific expertise extends from prior strategic reflection through to the supervision and implementation of major projects. For more information, please visit our website www.sopragroup.com.
About Caravelle
Founded in 1995 by Pierre-André Martel (†2011), Caravelle is a société anonyme, based in Paris and backed by French family capital. It is a private equity firm, which means that it can manage and grow its subsidiaries over the long term, with no obligation to divest. Caravelle is positioned in the following key sectors: pharmaceuticals, industrial vehicles, mechanics, IT and hotels. For more information, please visit our website www.caravelle.fr.