- Push-out Score determined
- After about 14 years in the position
- Praise and thanks for Chalendar
- Benoit Bazin taking over
- Chalendar will remain as Chairman at Saint-Gobain
- Chalendar made a lengthy statement and said 294 words
(exechange) — Paris, France, February 25, 2021 — Pierre-André de Chalendar, chief executive of Saint-Gobain, leaves his position. As announced by Compagnie de Saint-Gobain SA in a news release on Thursday, February 25, 2021, Pierre-André de Chalendar leaves his post as chief executive officer at the French construction materials group after about 14 years in the role, effective July 1, 2021.
Pierre-André de Chalendar’s duties as CEO will be taken over by Benoit Bazin, currently Chief Operating Officer of Compagnie de Saint-Gobain SA.
“In line with best corporate governance practices”
Pierre-André de Chalendar’s departure from the CEO post is explained as follows. Saint-Gobain said: “In line with best corporate governance practices, the Board of Directors of Compagnie de SaintGobain has been working extensively since 2019 under the responsibility of the Lead Independent Director and the Nomination and Remuneration Committee, and with the assistance of an independent recruitment firm, on preparing the succession of Pierre-André de Chalendar, Chairman and Chief Executive Officer since 2010. As a result of this process, the Board of Directors deems it essential for Saint-Gobain that there is a seamless transition, which is achieved by separating the roles of Chairman and Chief Executive Officer.”
Chalendar will remain as Chairman at Saint-Gobain
“Acting on the recommendation of Pierre-André de Chalendar, the Board has unanimously decided to appoint Benoit Bazin as Chief Executive Officer with effect from July 1, 2021. PierreAndré de Chalendar will continue to serve as Chairman of the Board of Directors,” Saint-Gobain said.
Share price decline since June 2007
The announcement follows a decline in Compagnie de Saint-Gobain SA’s share price of 47% since June 2007. June 2007 is the month in which Chalendar’s tenure as CEO began.
In the position of CEO since 2007
Pierre-André de Chalendar became CEO of the Company in 2007.
Pierre-André de Chalendar is a graduate of ESSEC Business School and École Nationale d‘Administration. A former civil servant (Inspecteur des Finances), he served as deputy to the Director General for Energy and Raw Materials within the French Ministry of Industry.
Chalendar joined Compagnie de Saint-Gobain in 1989 as Vice-President, Corporate Planning. He was subsequently Vice-President of the Abrasives business in Europe (1992-1996), President of the Abrasives business worldwide (1996-2000) and General Delegate for the United Kingdom and the Republic of Ireland (2000-2002) before being appointed Senior Vice-President of Compagnie de Saint-Gobain in charge of the Building Distribution Sector in 2003.
Appointed Chief Operating Officer of Compagnie de Saint-Gobain in 2005 and elected to the Board in 2006, he was appointed Chief Executive Officer in 2007 and Chairman and Chief Executive Officer in 2010.
Pierre-André de Chalendar is also a director of BNP Paribas.
He is Vice-President of Entreprises pour l’Environnement, which he chaired from 2012 to 2015 and has been appointed since July 2017 as co-president of La Fabrique de l’Industrie and Chairman of ESSEC Business School’s Supervisory Board since February 2019.
Push-out Score determined
The Push-out Score™ determined by exechange gauges the pressure surrounding Pierre-André de Chalendar’s move on a scale of 0 to 10.
exechange reached out to Saint-Gobain and offered the company the opportunity to comment on the score.
Read the full story in the exechange report 9.2021 ($).