2023-07-18 08:23:21
By Le Figaro with AFP
Posted 2 hours ago, Updated 1 hour ago
Géraldine Picaud will take office on December 1, succeeding Dominik de Daniel. Daenin / stock.adobe.com
The Swiss group SGS, which specializes in the inspection and certification of products, announced on Tuesday a change in the direction of its finances which will be entrusted to Géraldine Picaud, former director of finances of the Swiss cement manufacturer Holcim.
This Frenchwoman will take up her duties on December 1, succeeding Dominik de Daniel who wishes to “pursue other career opportunities“Said the Geneva group in a press release. The current chief financial officer will remain with the group until the end of January to ensure the transition, added SGS.
Géraldine Picaud has “extensive knowledge” sectors relevant to the group, said Frankie Ng, the managing director of SGS, quoted in the press release, while highlighting his “experience in processing” companies. With a master’s degree in business administration from the Ecole Supérieure de Commerce de Reims, Géraldine Picaud, born in 1970, began her career with Arthur Andersen, then joined the French chemical group Safic Alcan in 1994, from which she was given financial management in 2002. She then joined in 2007 ED&F Man, a trader in agricultural commodities.
Solid financial health
In 2011, she was appointed chief financial officer of ophthalmic lens manufacturer Essilor International, which in 2018 merged with Italy’s Luxottica. In 2018, she was entrusted with the financial management of the building materials giant Holcim during a major reorganization of the management team following suspicions regarding the activities in Syria of Lafarge with which the Swiss cement manufacturer had merged. in 2015. Since 2022, she has also been a member of the board of directors of the French agrifood giant Danone.
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«We have a high opinion of Géraldine Picaud”, reacted Michael Foeth, analyst at Vontobel. The departure of Mr. de Daniel is “a loss for SGS“, for his part judged Daniel Bürki, analyst at the Cantonal Bank of Zurich. “With Géraldine Picaud, SGS has undoubtedly found a very good replacement“, he added, however.
SGS posted a net profit of 588 million Swiss francs (586 million euros) in 2022, down 4.1% compared to 2021. The group posted 2022 turnover of 6.6 billion francs Swiss (6.8 billion euros). The company tests toys, cosmetics and food products as well as air quality and also offers many services to the petrochemical sector.
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