Societe Generale: a new executive governance structure
March 09, 2023 at 02:46 am
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Slawomir Krupa presented to the Board of Directors of Societe Generale on March 8, 2023 the future executive governance and management team he plans to put in place once he takes office as Chief Executive Officer.
Slawomir Krupa is proposed by the Board of Directors of Societe Generale as a director at the Annual General Meeting of May 23, 2023, with a view to his appointment as Chief Executive Officer on the same day.
Around the Chief Executive Officer, the renewed and strengthened management team would consist of two Deputy Chief Executive Officers and a newly created Executive Committee as of May 24, 2023. The new team will present the Group's new strategic roadmap in Q3 2023.
The Board of Directors unanimously approved Slawomir Krupa's proposal to appoint Philippe Aymerich and Pierre Palmieri as Deputy Managing Directors, with effect from May 23, 2023.
With effect from May 24, 2023, the Executive Committee would comprise the following members, in addition to the Managing Director and the two Deputy Managing Directors: Anne-Christine Champion will join the Societe Generale Group in May as co Head of Global Customers and Investor Solutions, Marie-Christine Ducholet, Head of SG Network in France, Claire Dumas, Chief Financial Officer, Alexandre Fleury, appointed co-Head of Global Customers and Investor Solutions, Delphine Garcin-Meunier, appointed to the new position of Head of Mobility and International Retail Banking, Stéphane Landon, Chief Risk Officer, Laura Mather will join the Group in May as Chief Operating Officer, Laetitia Maurel, appointed Head of Communications and Grégoire Simon-Barboux, Head of Compliance.
The constitution of the new management team is based on several principles.
A tightly-knit General Management team, comprising the Chief Executive Officer, Slawomir Krupa, and two Deputy Chief Executive Officers, who would be responsible for proposing and implementing Societe Generale's development strategy in an effective and cohesive manner.
The creation of an Executive Committee, around the Chief Executive Officer and the Deputy Chief Executive Officers, enabling the Group's management team to work in a simplified and coherent way to strengthen the performance of all its activities, and to manage its resources and risks effectively.
The desire to entrust all management positions to professionals recognized in their field, and a strong principle of parity between men and women.
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Société Générale is one of the largest French banking groups. Net interest income breaks down by activity as follows:
- financing and investment banking (36.8%): specialized financing (for acquisitions, projects, etc.), activity on the stock, interest rate, currency exchange, and raw material markets, brokerage operations, merger-acquisition consulting, commercial banking activities, etc.;
- retail banking in France (30.7%; SG). The group also develops asset management and private banking activities (EUR 143 billion in assets under management in 2023), and provides online banking and online brokerage services (Boursorama Banque) as well as an economic and financial information Website (boursorama.com);
- provision of specialized financial and insurance services (16.5%): consumer loan, leasing, management of car fleets, professional equipment financing and insurance;
- international retail banking (16%).
At the end of 2023, Société Générale managed EUR 533.8 billion in current deposits and EUR 485.4 billion in current credits.
Net interest income is distributed geographically as follows: France (40.2%), Europe (37.4%), the Americas (8.3%), Africa (8%) and Asia/Oceania (6.1%).
SOCIÉTÉ GÉNÉRALE 
