Thales: new board member representing the French State
February 07, 2024 at 04:09 am
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Thales announced on Wednesday the appointment to its Board of Directors of Alexis Zajdenweber as a new director representing the French State.
The senior civil servant has been appointed by decree to succeed Emmanuel Moulin, recently chosen to become Chief of Staff to the new French Prime Minister Gabriel Attal.
Alexis Zajdenweber will also replace him as a member of the Board's Strategy and Social and Environmental Responsibility Committee and Governance and Compensation Committee.
A graduate of the Institut d'études politiques de Paris and the Ecole nationale d'administration, Alexis Zajdenweber began his career at Bercy in 2003.
Since 2022, he has been commissioner for state shareholdings and director of the Agence des participations de l'Etat, following his appointment by decree of the President of the Republic.
The French state is the main shareholder in Thales, with over 26% of the capital, ahead of Dassault Aviation (25%).
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Thales is one of the European leaders in manufacturing and marketing of electronic equipment and systems for the defense and security, aerospace, and transportation sectors. Net sales break down by product group as follows:
- defense and security systems (53.4%): C4I defense and security systems (control and monitoring systems, communication, protection, cyber-security, and other systems), defense mission systems, naval systems, electronic war systems, drones, air operation systems (air defense, air surveillance), ground defense systems and missiles;
- aerospace systems (28.4%): avionics equipment (cockpit, cabin multimedia, and simulation equipment), space systems (satellites, payloads, etc.);
- digital identification and security solutions (18.2%).
Besides, the group owns a 35% stake in Naval Group (manufacture of naval equipment for defense and nuclear energy sectors).
Net sales are distributed geographically as follows: France (29.5%), the United Kingdom (6.6%), Europe (24.8%), the United States and Canada (14%), Asia (9.4%), Near and Middle East (6%), Australia and New Zealand (4.4%) and other (5.3%).