Neuilly-sur-Seine, 26 September 2016
Bertrand Finet will be appointed Deputy Chief Executive Officer of FFP
Bertrand Finet will join FFP to take over from Alain Chagnon as Deputy Chief Executive Officer, effective 2 January 2017.
Bertrand Finet graduated from ESSEC business school in 1988 and began his career in 1991 at 3i Group, where he was appointed head of investments and spent two years working in London before moving to the group's French subsidiary.
His experience with markets in the English-speaking world paved the way for his appointment as managing director at CVC Capital Partners France in 1996, before moving to Candover France to head up its Paris office in 2006.
Bertrand Finet was appointed to the Fonds Stratégique d'Investissement (FSI) executive committee in 2009. He became executive director of Bpifrance, where he oversaw equity investments in SMEs, in 2013, and then executive director of Bpifrance's Mid & Large Cap division in April 2015.
Alain Chagnon, who has been Deputy CEO since October 2003, will be serving as advisor to the Chairman and CEO.
Commenting this appointment, Robert Peugeot said: "I am happy to welcome a respected investment professional on-board. Bertrand Finet's wide-ranging experience will put FFP in a position to pursue its investment policy, which focuses on minority stakes in high-quality companies.
I would like to take this opportunity to thank Alain Chagnon for the part he has played in FFP's development, and for his dedication and expertise. Over the past 15 years, our assets aside from our legacy interest in Groupe PSA, have grown from €225 million at the end of 2002 to over €2 billion today."
FFP is an investment company listed on Euronext, majority-owned by Etablissements Peugeot Frères and managed by Robert Peugeot. FFP is one of the leading shareholders of Peugeot SA and pursues a minority shareholdings and long-term investment policy. FFP holds participations in listed companies (Zodiac Aerospace, DKSH, SEB or ORPEA), non-listed companies (Sanef or Onet), and private equity funds.
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FFP - Société Foncière et Financière de Participations SA published this content on 26 September 2016 and is solely responsible for the information contained herein.
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