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Eurazeo appoints Morgon as next CEO

Paris-based private equity firm Eurazeo has named Virginie Morgon as its next CEO. Her appointment becomes effective March 19, 2018. Currently, Morgon is the firm’s deputy CEO. She will be succeeding Patrick Sayer.


Eurazeo announces that Virginie Morgon, the company’s current Deputy CEO, will become CEO from March 19, 2018. Virginie Morgon will replace Patrick Sayer at the end of his fourth term as CEO and Chair of Eurazeo’s Executive Board. This appointment, decided unanimously by Eurazeo’s Supervisory Board, is a part of a smooth transition plan, reflecting the high quality of the company’s governance.

For more than fifteen years, under the leadership of its Executive Board comprising Patrick Sayer, Virginie Morgon and Philippe Audouin, and thanks to the excellent quality and unwavering commitment of its teams, Eurazeo has successfully transformed the companies in which it invests, at the same time as it has achieved its own in-depth transformation. Eurazeo’s transformation has been driven by a clear strategy, focusing its investment model on creating value and growing companies in France and abroad. In addition to its historical business in Europe, the company opened an office in China in 2013 and Brazil in 2015 to support its investments’ international expansion. In 2016, it opened an office in the United States to invest in local companies. Eurazeo has steadily widened its investment activities and now covers nearly all private equity sectors through its five business divisions: Eurazeo Capital, Eurazeo Croissance, Eurazeo PME, Eurazeo Patrimoine and Eurazeo Brands. The Executive Board has driven the company’s in-depth transformation, and today, Eurazeo is a leading European investment company with a global outlook and a pivotal private equity player. This strategic transformation will continue and accelerate.

Virginie Morgon’s personal qualities, experience and key contribution to numerous successes, have made her the Supervisory Board’s natural choice to continue and accelerate Eurazeo’s growth momentum. She has been an Executive Board member for ten years and Deputy CEO since 2014. She has considerable experience and a solid international business network. Virginie is a highly regarded professional in Europe, the United States and Asia. She is an independent director of several leading global companies.

Together with the Executive Board, Virginie Morgon will be responsible for implementing a strategy to strengthen Eurazeo’s position as a key partner of European entrepreneurs and managers and to continue developing its innovative business model founded on the complementarity of permanent capital and third-party management, in a transatlantic context. The quality of Eurazeo’s investments and the acceleration of their operational transformation will remain at the top of her priorities.

Michel David-Weill, Chairman of the Supervisory Board, said: “I’m proud to herald the start of a new chapter in Eurazeo’s history, with the appointment of Virginie Morgon as CEO. To me, this succession plan was self-evident. I’m very pleased to see a leading private equity talent champion the acceleration of our company’s transformation. Virginie’s appointment is the continuation of Patrick Sayer’s strategy implemented over the last fifteen years. I’d like to take this opportunity to warmly thank Patrick Sayer for his total commitment and for his success at the head of Eurazeo.”

Patrick Sayer, CEO, added: “I’ve enthusiastically led Eurazeo’s strategy for more than fifteen years, combining economic performance with patient and responsible capitalism. Thanks to the work of its talented teams, Eurazeo is now a leading European investment company and number one in France. Today, I’m proud to see this transformation continue on a more global scale with Virginie, an exceptional professional who I have known for more than 20 years and with whom I have the great pleasure of working. It will be a “seamless” transition. I am very conscious of the progress achieved and I know the Eurazeo family will be in expert hands with people who know the company well and who will continue to grow and develop the companies we support.”

Virginie Morgon, Deputy CEO: “I’d like to thank Michel David-Weill, Jean-Charles Decaux and all the Supervisory Board members for the responsibility they have entrusted me with and the confidence they have shown in me. I’m proud and delighted to succeed Patrick Sayer. He’s one of the most talented and respected individuals in the European private equity sector, with whom I have shared many exciting human and entrepreneurial adventures. For me, this decision is a commitment, an obligation and an honor. I will do my upmost to fly Eurazeo’s flag high with conviction, loyalty, commitment, creativity and audacity. These values are shared by Eurazeo’s talents and create value for our companies, our shareholders and our financial partners.”

About Eurazeo
> With a diversified portfolio of approximately ~€7 billion in assets under management, of which €1 billion is from third parties, Eurazeo is a leading global investment company with offices in Paris and Luxembourg, New York, Shanghai and Sao Paolo. Its purpose and mission is to identify, accelerate and enhance the transformation potential of the companies in which it invests. The firm covers most private equity segments through its five business divisions – Eurazeo Capital, Eurazeo Croissance, Eurazeo PME, Eurazeo Patrimoine and Eurazeo Brands. Its solid institutional and family shareholder base, robust financial structure free of structural debt, and flexible investment horizon enable Eurazeo to support its companies over the long term. As a global long-term shareholder, the firm offers deep sector expertise, a gateway to global markets, and a stable foothold for transformational growth to the companies it supports. Eurazeo is notably a shareholder in AccorHotels, Asmodee, CIFA, CPK, Desigual, Elis, Europcar, Fintrax, Grape Hospitality, Iberchem, Les Petits Chaperons Rouges, Moncler, Neovia, Novacap, Sommet Education, Trader Interactive, and also SMEs such as Flash Europe, In’Tech Medical and Smile, as well as start-ups such as Farfetch and Vestiaire Collective.