Our organization

Michelin’s governance is a solid, stable process focused on the long-term responsibility of its executives, with a clear separation of management and supervisory powers.

The managers and the executive committee
at January 1, 2020

The Managers are assisted by an eight-member Executive Committee.

gouvernance-lg

In the center: • Florent Menegaux Managing Chairman. From left to right: • Éric Philippe Vinesse Executive Vice President, Research & Development • Adeline Challon-Kemoun Executive Vice President, Engagement and Brands • Jean-Christophe Guérin Executive Vice President, Manufacturing • Scott Clarck Executive Vice President, Automotive, Motorsports, Experiences and Americas Regions • Yves Chapot Manager & Chief Financial Officer • Serge Lafon Executive Vice President, Specialties and Africa/India/Middle East, China, East Asia & Australia Regions • Jean-Claude Pats Executive Vice President, Chief HR Officer • Sonia Artinian-Fredou Executive Vice President, Services & Solutions, High Tech Materials• Laurent Bourrut Executive Vice President, Road Transportation, Distribution and Europe Regions.

The Michelin partnership
limited by shares

Compagnie Générale des Établissements Michelin, the Group's parent company, is organized as a partnership limited by shares. This form of corporate organization supports the deployment of long term strategies by a management team whose interests are aligned with those of shareholders.

The Managers are elected by shareholders at the Annual Meeting for renewable four-year terms. As a General Partner, the Managing Chairman has personal liability for Michelin's debts.

The Supervisory Board exercises permanent oversight of Michelin's management and assesses its quality every year on behalf of the shareholders.

The Supervisory
Board

The Supervisory Board has nine members, including seven independent members,
an employee representative, four women and two non-French people. It met five
times in 2019 with an attendance rate of 98%.

  • Michel Rollier
    Chairman of the Supervisory Board
    Member of the Compensation
    and Appointment Committee
    Non-independent,
    non-executive member
  • Olivier Bazil
    Chairman of the Audit
    Committee
    Independent Member
  • Jean-pierre Duprieu
    Member of the Audit
    Committee
    Independent Member
  • Barbara Dalibard
    Chairman of the Compensation
    and Appointments Committee
    Lead Independent Member
    of the Supervisory Board
    Independent Member
  • Aruna Jayanthi
    Member of the Compensation and Appointments Committee
    Independent Member
  • Anne-Sophie de La Bigne
    Member of the Audit
    Committee
    Member of the Compensation
    and Appointments Committee
    Independent Member
  • Thierry Le Henaff
    Member of the Audit Committee
    Independent Member
  • Monique F. Leroux
    Member of the Audit Committee
    Independent Member
  • Cyrille Poughon
    Member of the Audit Committee
    Non-independent,
    non-executive member

The supervisory
board

45%

women

78%

independent
members

22%

of members
nationality
other than French

9

meetings

9

members of which
1 lead independent member

95%

of participation

2

meetings
in executive sessions

A customer-centric
organization

Focused on identifying and meeting customer needs, the Group’s organization is supported by an employee empowerment process embraced at every level.

6 Operating units provide their expertise and support. 10 Regions are responsible for managing customer relationships and increasing sales. 19 Global Business lines design solutions to meet the expectations of customers with similar characteristics. 1 Lean Corporate Unit comprises departments focused on their strategic missions.

Constructive stakeholder dialogue

Stakeholder dialogue is a core component of good governance, which Michelin actively encourages and practices locally, nationally and globally.

At the corporate executive level, a Stakeholders Committee has been in place since 2016. It meets with the Executive Committee for a full day at least once per year.

The group management
committee

This committee cross-functionally manages transformation, competitiveness, diversity and the integration of acquisitions. It also manages the development of Corporate & Business Services and the internal control, quality and risk management processes, as well as supporting the growth of senior high-potential employees. It forms a panel of Business Lines and Regions to ensure that its decisions are widely embraced across the organization.

Discover also

Risk management