The highlights mentioned below are a selection of the events and transactions that took place during the year for the Group and each of the strategies.

• ANomination of a new Executive Board, composed of two Co-Chief Executive Officers: Christophe Bavière and William Kadouch-Chassaing as well as Sophie Flak, Managing Partner - ESG and Digital and Olivier Millet, Managing Partner – Small-mid buyout & NovSanté. This new Executive Board, appointed unanimously by the Supervisory Board, has been given the mission to accelerate Eurazeo’s development towards third-party asset management, optimize the capital allocation and continue to improve the Company’s financial and non-financial performance for the benefit of its clients and shareholders;

• ASet-up of a Management Committee with 23 members. It is responsible for defining, implementing and monitoring Eurazeo’s strategic directions. As such, it ensures the execution of the strategy of diversifying our investment sectors and asset classes, international deployment, fundraising, analysis of our market environments and our external growth operations;
• AOn November 30, 2023, Eurazeo held a Capital Markets Day to inform the market of its strategic plan and ambitions for 2027: become the leading private asset manager in Europe across mid-market, growth & impact segments;
• AFor the second year in a row, Eurazeo won the Best Overall Fundraising: Secondary category award in the Private Equity Wire European Awards 2023;
• AEurazeo obtained the A score from the Carbon Disclosure Project (CDP), underlining its unwavering commitment to environmental transparency and combating climate change;
• AFundraising totaled €3.5 billion, up 21% compared to 2022;
• AThe Wealth Management team signed two new partnerships with Moonfare and iCapital to make Eurazeo’s investment solutions more accessible to private clients in Europe, particularly Germany, Benelux, Italy and Switzerland.

• AEurazeo has completed a £355 million investment in BMS Group, a leading independent (re)insurance broker based in London (34% of its share capital). Eurazeo and its affiliates joined BMS alongside its existing shareholders British Columbia Investment Management Corporation (BCI), Preservation Capital Partners (PCP) and BMS’ management and employees;

• ASuccessful fundraising by Eurazeo Capital V, with an initial close at €2.3 billion, including around €600 million from third parties. This initial fundraising by Eurazeo Capital V is an important milestone in the Group’s shift towards managing assets for third parties;
• AEurazeo and its affiliates announced the sale of their investment in DORC (Dutch Ophthalmic Research Center) to Carl Zeiss Meditec AG for an enterprise value of approximately €1 billion. Eurazeo has supported the company as a majority shareholder since 2019;
• AEurazeo and its partners Ardian, Mérieux Equity Partners and Eximium sold their investments in the Humens group to Leto Partners. The capital invested has generated a gross cash-on-cash multiple of 2.7x and an internal rate of return (IRR) of 65% since the Seqens group’s carve-out in December 2021.

• AEurazeo sold Vitaprotech, the French leader in premium security solutions for sensitive sites. The transaction generated an initial investment multiple of 3.3x and an internal rate of return (IRR) of 32%, i.e. total divestment proceeds of €139 million for the funds managed by Eurazeo received in January 2023. Supported since July 2018 by Eurazeo, the Group tripled in size in 4 years with strong organic growth;

• AEurazeo completed a partial exit from Groupe Premium following an equity contribution of €400 million from Blackstone to support the company’s strong growth. The transaction valued the company at €1.15 billion. The funds managed by Eurazeo realized a cash-on-cash multiple of 3.3x, i.e. around €320 million, of which €135 million was reinvested in the operation to support the Group’s steady growth;

• AEurazeo completed a sale and reinvestment in EFESO Management Consultants through its successor fund, as part of a co-control framework with TowerBrook Capital Partners and the management team. Since 2019, Eurazeo has been the majority shareholder of EFESO, a leading international consulting pure player in operations strategy and performance improvement. This transaction generated divestment proceeds of €164 million for Eurazeo, representing a multiple of 3.0x. As part of the reinvestment, the Eurazeo managed funds invested a total of €113 million.

• AThe Venture team participated in the series B fundraising of Exotrail, a space mobility operator based in France which proposes products focusing on satellite mobility, optimizing their deployment, increasing their service performance, and reducing space pollution;

• AThe Venture team participated in the US$20 million financing of the startup Cado specializing in cybersecurity, and based in the UK, to further its global expansion and drive the company’s innovation;
• AEurazeo completed the final closing of its smart city and climate investment program at €400 million, exceeding the initial target. Altogether five sovereign wealth funds and development institutions, EIF, Bpifrance, PFR, F.R.C and KVIC, joined by 18 corporations in Europe and Asia, support the new fund.

• AIn July 2023, Ms. Hala Fadel was appointed as Managing Partner in charge of Eurazeo’s Growth strategy. In this role, she joins Eurazeo’s Management Committee;

• AThe Eurazeo Growth team was strengthened with the arrival of Raluca Ragab as Managing Director and Head of the Growth activity in the UK;
• AEurazeo was lead investor in the US$210 million Series D financing round of Aiven, a software developer combining the best open source technologies and a cloud infrastructure. The start-up seeks to provide public access to data technologies, reduce the environmental impact of cloud services and boost diversity and inclusion within the company and in the technologies sector;
• AEurazeo invested in Commercetools, a digital platform enabling retailers, brands and manufacturers to produce their own business solutions (e-commerce and omnichannel).

• AThe Private Funds Group team won the Best French LP: Regional Strategy award at the Private Equity Exchange & Awards organized by Décideurs Corporate Finance. This rewards the track record of our European funds spanning over 20 years, making Eurazeo one of the top private fund investors in Europe.

• AEurazeo announced the successful closing of its sixth direct lending fund at €2.3 billion, including €2.1 billion from third parties, thereby exceeding the initial target of €2 billion. Adding in the €900 million raised from retail investors, the total scale of Eurazeo’s Private Debt program reaches €3.2 billion;

• AEurazeo, via its Corporate Financing business and its Eurazeo Corporate Relance (ECR) fund, invested in Patriarche, a multi-discipline architecture group founded in 1960 and ranked among France’s top five architecture firms. Eurazeo Corporate Relance (ECR) is an investment fund focused on successful, robust, family-owned small and medium-sized businesses;
• AEurazeo is supporting the acquisition of Italian project management business EXA Group by Montefiore Investments;
• AThrough its Corporate Financing business and its Eurazeo Corporate Relance (ECR) and NOVI 2 funds, Eurazeo became a new investor alongside Trocadero Capital Partners and Bpifrance in Eowin;
• AEurazeo’s Private Debt team financed the acquisition of Inke by Keensight Capital through a unitranche credit facility. The transaction is the 8th sponsor-led financing arranged in the Iberian Peninsula;
• AEurazeo invested in CTN Groupe via its Corporate Financing business and its Eurazeo Corporate Relance (ECR) and NOVI 2 funds;
• AEurazeo, via its Insurtech fund backed by the insurer BNP Paribas Cardif, invested in Igloo’s US$36 million Pre-Series C funding round in Singapore, with participation from Openspace and La Maison;
• AEurazeo completed a 5th transaction totaling €22.5 million for the Eurazeo Sustainable Maritime Infrastructure (ESMI) fund. This investment consists in the financing of the first next-generation zero-emission short sea container vessel, being launched by the Samskip Group.

• AEurazeo, via its Eurazeo Transition Infrastructure Fund, invested in regional data center provider Etix Everywhere to support its carbon emission reduction trajectory. The latter, specializing in local colocation services, is pursuing its sustainable expansion with strategic acquisitions such as CIV France;

• AEurazeo Transition Infrastructure Fund (ETIF) completed a second closing, bringing total commitments to around €420 million, i.e. around 80% of its initial target size, only 3.5 months after its first closing. This closing sees further diversification of the investor base, which includes global institutional investors and capital from both dedicated infrastructure allocations and SFDR Article 9 funds;
• AEurazeo, via its Transition Infrastructure Fund, invested in TSE. Bpifrance and investors from the Crédit Agricole group also took part in this €130 million fundraising round;
• AEurazeo invested in 2BSI via its Transition Infrastructure Fund and will support the group in its decarbonization strategy. Through this transaction, Eurazeo becomes the majority shareholder in 2BSI, alongside its historical investors and the management team.

• AEurazeo’s Real Estate team let 100% of space in the Highlight campus to Grape Hospitality, Compagnie des Fromages, RichesMonts, CBRE GWS and Comexposium. This modern 24,000 m2 campus in Courbevoie overlooking the Seine river already houses the headquarters of Kaufmann & Broad and the Seine-Normandie water agency (AESN).

At the end of 2023, the net value of the investment portfolio was €8,319 million, up +6%. Taking into account the +3% positive effect of share buybacks, the portfolio value per share rose +9% to €109.6.

Most divisions contributed to investment portfolio net value growth in 2023, with portfolio value creation of 1%:

As of December 31, 2023, assets under management break down as follows:

On January 15, 2024, Eurazeo Group, via its Eurazeo Transition Infrastructure Fund, announced its renewed support in Electra, after having become a cornerstone investor in June 2022 as part of a fundraising round of €304 million.

On January 18, 2024, Eurazeo, via its Nov Santé Actions Non Cotées fund, announced the finalization of its first investment in Kinvent, acquiring a minority stake as part of its €16 million fundraising.

On January 18, 2024, Eurazeo announced that it had acquired a minority stake of around €25 million in Ex Nihilo as part of a minority investment.

On January 23, 2024, Eurazeo, via its Nov Santé Actions Non Cotées fund, announced that it had acquired a minority stake of €22 million in the Oncodesign Services group as part of the acquisition of ZoBio.

On January 25, 2024, Eurazeo announced the appointment of two new members to the Group’s Management Committee: Mrs. Isabelle Mathieu, as Group Chief Human Resources Officer and Mrs. Coralie Savin, as Group Chief Communications Officer.

On March 7, 2024, Eurazeo issued a press release on the closing of the accounts for the year ended December 31, 2023 and proposed an ordinary dividend of €2.42 per share that will be paid out on May 16, 2024.

The Group presented its growth outlook at a Capital Markets Day on November 30, 2023, and its medium-term ambition to become the leading private asset manager in Europe in the mid-market, growth and impact segments. The strategic objectives and financial outlook for the period 2024-2027 presented at this event are confirmed.

The strategy is presented on pages 20 and 21 of Chapter 1 of the 2023 Universal Registration Document.

Managing environmental, social and governance (ESG) considerations and integrating them at the core of the business model is imperative to ensure resilience and long-term performance. They represent a fundamental aspect, fully integrated into Eurazeo’s strategic and operational decisions, just as financial aspects. This is a key differentiating factor, both for investors who entrust us with their capital and for companies that entrust us with their growth.

Taking these issues into account allows to anticipate risks (fiduciary, regulatory and reputation) and market trends, identify future-proof companies and help them adapt their business models to a low-carbon and more inclusive economy. This results in a portfolio that is both resilient and performing. This has been Eurazeo’s conviction for nearly 20 years, making the Group a pioneer and a recognized leader in responsible investment.

The Group’s sustainability strategy, named O+, is structured around two flagship commitments: achieving carbon net neutrality (O) and fostering a more inclusive society (+). It applies to the Group and all portfolio companies. By integrating the environmental and social dimensions in a balanced and cohesive manner, O+ enables Eurazeo to be a driving force towards a just transition. How does this translate in practice?

• AMobilizing capital towards the development of solutions: Eurazeo finances companies that contribute, through their activities, products or services, to climate change mitigation and adaptation, as well as to improving social inclusion. At the end of 2023, they represented €5.3 million of assets under management, up 23% compared to the end of 2022. In recent years, the Group has accelerated these investments, mainly by creating return-first impact funds, with profitability profiles aligned with the best standards in their asset classes. Eurazeo aims to broaden its offer, convinced that impact is a source of resilience, growth and performance, and presents a significant opportunity to develop its assets under management.
• AReducing environmental impact to the fullest: Eurazeo was the first Private Equity firm in Europe to commit to a scientific decarbonization pathway with the Science Based Targets initiative (SBTi). The Group launched a program for portfolio companies, designed to train them on decarbonization and give them access to carbon experts to develop and implement their climate strategy. Beyond climate issues, Eurazeo is committed to aligning its activities with all planetary boundaries, including those related to biodiversity and water.
• AMaximizing social impact and strengthening societal contribution: Eurazeo has a solid culture of diversity, equity and inclusion (DEI). In addition to having set ambitious goals for gender parity within its teams for 2030, the Group actively participates in initiatives aimed at promoting DEI best practices. It also encourages its portfolio companies to adopt fairer and more inclusive practices. Beyond its frontiers, Eurazeo leans into philanthropic projects that foster youth protection and education.
• AMeeting the highest sustainability standards: Eurazeo is regularly recognized for its commitment and steady progress in ESG and impact . The Group leverages globally renowned frameworks and initiatives to shape and implement its O+ strategy and adopts a continuous improvement approach to its processes. Over the years, the Group has established best-in-class practices such as the integration of sustainability objectives into executive compensation and the implementation of an engagement program to raise awareness, train and engage its stakeholders in ESG issues.

The implementation of O+ is detailed in Sections 3.1 Sustainability strategy and 3.2 Non-Performance Financial Statement, as well as in Eurazeo’s Responsible Investment Policy, available on the website.

Eurazeo may be concerned by risks that could affect its investment activity. An internal control and risk management system has been established. It is led by a dedicated department under the supervision of the Executive Board, and serves to identify, prevent and limit the impact of these key risks. ESG is an integral part of the risk assessments conducted.

The analysis methodology is explained in Section 3.4 Methodology.

In 2021, the Eurazeo group refocused its non-financial risk analysis on its investor and asset management activity. This renewed approach was driven by several factors:

• Athe business model’s development towards third-party asset management which represents 69% of assets under management as of December 31, 2023. The Eurazeo business model is presented in Section 1;
• Agrowth in the teams of the investment company Eurazeo SE, the management companies that it controls and its foreign offices;
• Athe desire to strengthen specific presentation, success and progress of third-party asset management, which includes ESG at every stage, from fundraising to investment.

This refocusing also provided an opportunity to clarify the structure of the Group’s ESG publications which are complementary:

• Athis NFPS, refocused around Eurazeo’s activity as an investor and asset manager;
• Athe O+ progress report, published in the second quarter of 2024, which presents ESG progress for assets under management.

On January 1, 2023, Eurazeo determined that it now satisfies the criteria of an Investment Entity as defined in IFRS 10, Consolidated financial statements. This standard provides an exemption whereby Investment Entities need not present consolidated financial statements (see Section 6.1.6 Notes to the consolidated financial statements, Note 1.1 Preamble – Investment company status).

The following factors were also considered by Eurazeo for this refocusing decision:

• Athe sharply dwindling proportion of controlled and consolidated companies in the managed assets, considering the increasing weight of new strategies often invested in minority stakes; accordingly, the ESG issues creating risks and opportunities for controlled companies are too limited to be representative of the entire investor activity of Eurazeo and its portfolio;
• Afor controlled companies, the growing proportion of entities in the portfolio that are smaller than the previously held assets and the lack of companies exceeding the NPFS thresholds within this scope;
• Athe movements (portfolio entries and exits) which make the ESG data for the scope of controlled companies incomparable from one year to the next.

Accordingly, in the 2023 NPFS, Eurazeo presents non-financial risk factors for the following scope:

• AEurazeo SE, the investment company listed on Euronext Paris;
• AEurazeo Funds Management Luxembourg, an AIFM portfolio management company certified by the Commission de Surveillance du Secteur Financier, the Luxembourg financial services regulator, under registration number A00002174;
• AEurazeo North America, an asset manager governed by US law, which obtained the status of US Investment Advisor with the Securities and Exchange Commission on June 28, 2019;
• AEurazeo UK Limited, a subsidiary of Eurazeo SE governed by UK law, certified by the Financial Conduct Authority (FCA), the UK financial services regulator, since May 23, 2022;
• AEurazeo Infrastructure Partners, a portfolio management company certified by the AMF as an alternative investment fund manager (AIFM) within the meaning of Directive EU/2011/61, under the registration number GP202173;
• AKurma Partners, a portfolio management company certified by the French Financial Markets Authority (AMF) as an alternative investment fund manager (AIFM) within the meaning of Directive EU/2011/61, under the registration number GP-09000027;
• AEurazeo Global Investor, a portfolio management company certified by the AMF as an alternative investment fund manager (AIFM) within the meaning of Directive EU/2011/61, under the registration number GP97-117 (33).

This is a scope comprising a total workforce of 441 employees as of December 31, 2023.

The non-financial risk factors specific to the Group’s investor and asset manager activity reflecting the policies rolled out and coordinated by Eurazeo are as follows:

The report covers the calendar year from January 1 to December 31, 2023. Eurazeo’s Non-Financial Performance Statement has been included in its Universal Registration Document every year since 2011.

(For the year ended December 31, 2023)

This is a free translation into English of the Statutory Auditor’s report issued in French and is provided solely for the convenience of English speaking readers. This report should be read in conjunction with, and construed in accordance with, French law and professional standards applicable in France.

Eurazeo SE
1, Rue Georges Berger
75017 Paris, France
To the Shareholders,

In our capacity as Statutory Auditor of Eurazeo (hereinafter the “entity”), as requested, we hereby report to you on the consolidated non-financial performance statement for the year ended December 31, 2023 (hereinafter the “Statement”), included in the 2023 Universal Registration Document, prepared pursuant, on a voluntary basis, to the legal and regulatory provisions of Articles L. 225-102-1, R. 225-105 and R. 225-105-1 of the French Commercial Code (Code de commerce).

Pursuant to Article L. 225-102-4 of the French Commercial Code, Eurazeo’s Vigilance Plan aims to cover reasonable vigilance measures to identify risks and prevent serious harm to human rights and fundamental freedoms, personal health and safety and the environment, resulting from Eurazeo activities and the activities of companies which it controls directly or indirectly, as well as the activities of subcontractors or suppliers with which it has an established business relationship, when these activities are linked to this relationship.

This vigilance approach is aligned with the Eurazeo’s ESG strategy described in this document in Section 3.1 as well as on the Eurazeo’s website in the Responsibility and Impact section. This Section 3.6 aims to only cover the specific provisions relating to the Duty of Vigilance Law.

Actions to encourage best practices to prevent risks of serious harm to human rights, fundamental freedoms, personal health and safety and the environment in this Vigilance Plan are reasonable due diligence actions which should be implemented by Eurazeo, Eurazeo’s suppliers, companies controlled by Eurazeo and their own suppliers. It is recalled that the companies controlled by Eurazeo are extremely varied in nature. Accordingly, the Vigilance Plan cannot be applied uniformly across the entire scope or be considered to cover all the risks of each entity; each company must therefore initiate and adapt this plan to reflect its effective risks.

As part of a continuous improvement approach, this plan will be regularly reviewed and there will be close collaboration between the ESG department and the different departments involved: audit and risks, legal and HR.

Eurazeo is a leading European investment group in asset management for institutional and private clients. Its mission, as a private markets investment group, is to maximize value creation responsibly and over the long-term, for its clients and shareholders. Its proven investment experience and its platform operating across all asset classes (mainly in Europe) enable the Eurazeo group to create value by supporting companies in their development and then pass this value on to clients when realizing these investments. One of the features of its business model is that it calls on its balance sheet, by investing its equity (i) alongside its clients in its different asset classes/strategies (thereby ensuring optimal alignment of interests), and (ii) to develop competitive advantages that accelerate growth (e.g. seeding new strategies, deal warehousing, etc.).

In 2023, Eurazeo launched a new phase in its development and the scaling-up of its model, with the ambition to become, by 2027, the European leader in private asset management in the mid-market, growth and impact segment. To this end, Eurazeo defines and pursues a certain number of strategic, financial and operating objectives. The occurrence of certain risks could impact its ability to achieve its objectives. In the same way as other companies, Eurazeo operates in an environment subject to uncertainty, where risk-taking is inseparable from the search for opportunities and the desire to grow the Company.

It is therefore important for Eurazeo to identify, prevent and mitigate the impact of the main risks likely to threaten the attainment of its objectives, by designing and implementing appropriate internal control and risk management systems. Under the responsibility of the Executive Board, these systems:

• Aare incorporated into the business model and business processes specific to the organization, in order to contribute positively to the conduct and management of its different activities and provide a competitive edge for the Company, particularly by improving decision-making; and
• Aare part of a continuous improvement process, mobilizing Company employees around a shared vision of the main risks.

While being as well implemented and designed as possible, the internal control and risk management systems cannot provide an absolute guarantee that the Company’s objectives will be achieved. The systems are generally limited by human factors: decision-making relies on people and the exercise of their judgment.

The following two sections present a summary of:

• ( i )the characteristics of the internal control and risk management systems implemented byEurazeo; and
• ( ii )the specific aspects of the main risks to which the Group is exposed.

The specific aspects of the main risks are presented based on the following principles:

• Athe information presented does not claim to be comprehensive (unknown risks, risks poorly or not identified, etc.) and does not cover all the risks to which the Company may be exposed in the conduct of its activities. The analysis performed by Eurazeo focuses on those risks considered capable of calling into question business continuity or that could have a material negative impact on its activity, financial position or results (financial impact, particularly on management fees, performance fees or the net value of Eurazeo’s portfolio) and/or on the development of the Company (particularly impacting its reputation and the human factor). To the best of Eurazeo’s knowledge, there are no material risks other than those presented. Information on financial risks is also presented pursuant to the French Commercial Code (Article L. 22-10-35);
• Athe description only provides an overview of risks at a point in time;
• AEurazeo’s legitimate concerns regarding the possible consequence of disclosing certain information have been taken into account, while respecting the rules governing the communication of information to the market and investors.

The risk management and internal control systems provide a complementary contribution to controlling the activities of the Company:

• Athe risk management system seeks to identify and analyze the main risks to which the Company is exposed. Identified risks likely to exceed the acceptable limits set by the Company are mitigated and, when required, action plans are prepared. These actions plans provide for the implementation of controls, the transfer of the financial consequences (insurance mechanisms or equivalent) or a change to the organizational structure;
• Athe internal control system relies on the risk management system to identify the main risks to be controlled. In the same way as the general principles of the AMF framework, Eurazeo’s internal control system seeks to ensure: compliance with legislation and regulations, application of the instructions and strategic direction set by the Executive Board, the smooth running of the Company’s internal processes, particularly those contributing to the security of its assets and the reliability of financial information.

These systems rely on processes (4.1.2), key players (4.1.3) and an environment promoting honest and ethical behavior (4.1.4), which are presented successively below.

The systems presented (functioning as of December 31, 2023) cover all transactions performed within a scope comprising the investment company Eurazeo SE, the portfolio management companies (located in Paris and Luxembourg) housing the various investment strategies, as well as the directly controlled investment vehicles and the offices (subsidiaries, branches and representation offices) located outside France (New York, London, Frankfurt, Berlin, Milan, Madrid, Shanghai, Seoul, Singapore and São Paulo).

Eurazeo has three asset classes: Private Equity, Private Debt and Real Assets. - comprising a range of expertise/strategies enabling company financing across the entire investment spectrum. These strategies break down as follows:

• APrivate Equity: Buyout (Small-mid buyout and Mid-large buyout), Growth, Brands and Healthcare, Venture (including Biotech), Private Funds Group;
• APrivate debt (tailor-made financing for SMEs valued at between €25 million and €500 million);
• AReal Assets: Real Estate and Infrastructure.

Across all these strategies, the Eurazeo group seeks to deploy both its clients’ capital (third-party fund management) and the capital on its balance sheet (permanent capital of the Eurazeo SE investment company).

Some of the more recent strategies may be backed primarily by Eurazeo’s balance sheet until their performance becomes sufficiently attractive for fundraising with third-party investors. The more mature strategies are generally financed by both Eurazeo SE permanent capital and clients’ capital, with this capital invested in funds managed by one of the Group portfolio management companies. At the date of this Universal Registration Document, the Eurazeo group controls four management companies certified as an Alternative Investment Fund Manager (AIFM): Eurazeo Funds Management Lux (Luxembourg), Eurazeo Global Investor, Eurazeo Infrastructure Partners and Kurma Partners, based in Paris. Eurazeo Global Investor (EGI) was created by the merger, as of December 31, 2023, of the management companies, Eurazeo Mid Cap and Eurazeo Investment Manager. This merger provides clients with a simplified and clear structure carrying most of the product offering, and accelerates the harmonization of internal processes between the different strategies.

In simplified terms, the diagram below presents the allocation of the different strategies adopted by the Eurazeo SE investment company and/or the portfolio management companies as at 31 December 2023.

As of December 31, 2023, Eurazeo group assets under management total €35.0 billion and break down as follows:

• Apermanent capital of the Eurazeo SE investment company of €10.7 billion invested directly or in funds managed by the Group’s portfolio management companies;
• A€24.2 billion invested on behalf of our clients.

A summary table of the main Eurazeo risk factors is presented below; it contains the risk factors deemed significant when making investment decisions, with regard to the effects they could have on the Company, particularly its business continuity, the successful conduct and performance of its activities (financial impacts, particularly on management fees, performance fees or the net value of Eurazeo’s portfolio) or its development (particularly reputation and human factors).

The risk factors are classified in a limited number of categories depending on their nature: (i) strategic and operational risks linked to activity, (ii) image and compliance risks, and (iii) financial risks. In each presented category, the risks are ranked based on their criticality (i.e. presented in decreasing order of importance).

The level of criticality is evaluated during a risk mapping exercise, based on a combination of the probability of occurrence and the estimated impact of each risk, and considering measures put in place to mitigate the risk. The risk criticality is assessed on a four-point scale (low, moderate, high, significant). Only risks with a “moderate”, “high” or “significant” criticality level are set out in this chapter. The risk presentation, ranking and description only provides a snapshot at a given moment. Depending, in particular, on changes in the economic environment and market conditions, exposure to a risk factor and the magnitude of related risks are likely to vary.

Information on financial risks is also presented pursuant to the French Commercial Code (Article L. 225-100). Other risks, not known or not considered material by Eurazeo at the date of this Universal Registration Document, could also impact its activities.

Proceedings are in progress following the dismissal and subsequent lay-off of ANF Immobilier’s Chief Executive Officer, Philippe Brion and its Real Estate Director, Caroline Dheilly, in April 2006. The employees dismissed in 2016 filed damage claims with the Paris Industrial Tribunal (Conseil des Prud’hommes) and the former Chief Executive Officer brought a commercial suit against ANF Immobilier before the Paris Commercial Court (since transferred to Evry), in his capacity as a former corporate officer.

Prior to the filing of these Industrial and Commercial court proceedings, ANF Immobilier lodged a complaint with an investigating magistrate (juge d’instruction) in Marseilles. It launched a civil suit pertaining to acts allegedly committed by the former supplier referred to below, as well as its two former Directors and other individuals.

On March 4, 2009, the judicial investigation office (chambre de l’instruction) of the Court of Appeal in Aix-en-Provence handed down a ruling confirming the validity of the indictment of ANF Immobilier’s former Chief Executive Officer and, hence, the existence of serious evidence that corroborated claims that he misused company assets to the detriment of ANF Immobilier. In March 2015, the Public Prosecutor requested the transfer of the case before the criminal court.

The Marseilles Criminal Court issued a judgment on July 4, 2017 dismissing the charges. The Court of Appeal in Aix en Provence confirmed the civil provisions of this judgment on June 27, 2018 and dismissed the claims of all parties. An appeal filed by ANF Immobilier was then rejected by the Court of Cassation.

At the end of 2018 and the beginning of 2019, Mr. Brion and Mrs. Dheilly reintroduced their claims before these courts. Their updated claims amounted to approximately €4.3 million. On November 18, 2019, the Paris Industrial Tribunal issued a joint order to Eurazeo and Icade to pay approximately €1.2 million to Mr. Brion. The Paris Court of Appeal reduced this amount to €840 thousand in a ruling on November 9, 2022. An appeal was filed with the Court of Cassation by Mr. Brion in June 2023.

In the Dheilly case, on October 29, 2021 the Paris Industrial Tribunal ordered Icade (as successor in interest to ANF Immobilier) to pay a total of €409,000 in respect of the various claims, considering the dismissal to be without fair cause. An appeal has been filed against this judgment.

In the Brion case, on December 16, 2021, the Evry Commercial Court ordered Icade (as successor in interest to ANF Immobilier) to pay approximately €325,000 for dismissal without good cause. An appeal has been filed against this judgment.

In addition, Mr. Brion filed a new claim before the Paris District Court against Icade (as successor in interest to ANF Immobilier), and former executives and managers of ANF Immobilier, seeking a joint order to pay damages and interest of around €30 million for malicious accusation. In a ruling of November 25, 2020, this court dismissed all of Mr. Brion’s claims and ordered him to pay €8,000 to Icade and Messrs. Keller and d’Amore. An appeal has been filed against this judgment.

Pursuant to the sale to Icade of its investment in ANF Immobilier, Eurazeo granted Icade a number of warranties covering these disputes in consideration for rights over the follow-up of such disputes on behalf of ANF Immobilier.

INTRODUCTION

This chapter reports on the preparation and organization of the work of the Company’s Supervisory Board and Executive Board. It also presents the corporate officer compensation policy.

Framework for the implementation of corporate governance principles

The Company refers to the AFEP/MEDEF Code as revised in December 2022, with the exception of the recommendations set out in Section 5.3.1 “Framework of Supervisory Board” activities. Close attention is also paid to the activity report issued by the High Council for Corporate Governance (Haut Comité du Gouvernement d’Entreprise) and the AMF’s annual report on governance and executive compensation.

In accordance with the provisions of Article L. 225-68 of the French Commercial Code, this chapter includes the corporate governance report, appended to the Management Report. Pursuant to Articles L. 22-10-9 to L. 22-10-11 of the French Commercial Code and Article 8 of the AFEP/MEDEF Code of Corporate Governance, it reports in particular on:

• Achanges in the composition of the Supervisory Board and the Executive Board in 2023 and forthcoming changes in 2024;
• Athe activities of the Supervisory Board and the Executive Board;
• Athe Supervisory Board’s observations on the Executive Board’s report and on the financial statements for fiscal year 2023;
• Athe corporate officer compensation policy;
• Athe summary table of unexpired delegations of authority approved by the Shareholders’ Meeting;
• Aspecific procedures regarding the participation of shareholders at Shareholders’ Meetings;
• Afactors affecting a potential takeover or share exchange bid;
• Athe Supervisory Board diversity policy and application of the principle of balanced representation of men and women on the Board;
• Agender diversity policy within management bodies as well as the policy’s objectives and implementation methods and the results obtained during the past year.

The Management Report covers the conduct of the business, risks and corporate social responsibility. Information on internal control and risk management procedures implemented by Eurazeo is presented in the management report in Chapter 4 “Risk Factors” of the 2023 Universal Registration Document.

A dual governance structure

Since 2002, Eurazeo has opted for a dual governance structure comprising an Executive Board and a Supervisory Board. This choice was retained on the conversion of the Company to a European company (société européenne) at the Shareholders’ Meeting of May 11, 2017.

This dual governance structure with an Executive Board and a Supervisory Board reflects the best corporate governance standards. It ensures a balance of power between the Executive Board management functions and the Supervisory Board oversight functions.

The Executive Board is vested with the most extensive powers to act on behalf of the Company in all circumstances. It exercises these powers within the limits of the corporate purpose and subject to the powers expressly attributed by law and the Company’s Bylaws to Shareholders’ Meetings and the Supervisory Board. It determines the strategic direction of the Company and ensures its implementation, in the Company’s interest. Members of the Executive Board may, with the authorization of the Supervisory Board, allocate management tasks and permanent or temporary special assignments among themselves. This division of tasks may not cause the Executive Board to lose its status as the body responsible for the collective management of the Company. The Executive Board therefore has the necessary responsiveness and efficiency to perform its management duties.

The Supervisory Board permanently oversees the management activities of the Executive Board in accordance with the law and the Bylaws. At any time during the year, it conducts the verifications and reviews that it deems necessary. It may ask the Executive Board to communicate any documents that it considers necessary for the performance of its duties. The Supervisory Board’s diversity policy guarantees the quality of its management, its ability to anticipate, as well as its integrity and commitment to the performance of its oversight duties. This policy enables it to bring together leading individuals with a wide range of complementary experience.

The composition of the Supervisory Board reflects a diversity of profiles, experience and complimentary skills adapted to the Company’s challenges.

Since April 28, 2022, Jean-Charles Decaux is the Chairman of the Supervisory Board. Olivier Merveilleux du Vignaux has been Vice-Chairman of the Supervisory Board since June 26, 2017.

As of December 31, 2023, the Supervisory Board has eleven members, including two members representing employees and a non-voting member. The Honorary Chairman, Bruno Roger, also attends meetings of the Supervisory Board with no voting rights.

The Supervisory Board has four female members, accounting for 44% of Supervisory Board members (excluding employee representatives). Five members are independent, representing 56% of this total. The Company therefore complies with prevailing regulations (See Section 5.1.2 “Supervisory Board Diversity Policy”).

The Supervisory Board members are invited to participate in the four specialized committees that assist the Supervisory Board in its decisions: an Audit Committee, a Finance Committee, a Compensation, Appointments and Governance (CAG) Committee and a Corporate Social Responsibility (CSR) Committee. Each Committee has between three and seven members, appointed in a personal capacity by the Supervisory Board, at the recommendation of the CAG Committee, according to their experience and preferences. The CAG Committee ensures that each Committee includes independent members in accordance with the provisions of the AFEP/MEDEF Code and no executive corporate officers, that is two-thirds independent members for the Audit Committee (see Article 17.1 of the AFEP/MEDEF Code) and a majority of votes held by independent members for the CAG Committee (see Article 18.1 of the AFEP/MEDEF Code).

The composition of the Supervisory Board and its Committees was reviewed by the CAG Committee during 2023. In the context of its procedures, the CAG Committee issued new recommendations in line with the Supervisory Board diversity policy on the following topics: renewal of the terms of office expiring in 2023 and 2024, the appointment of new Supervisory Board members at the Shareholders’ Meeting of May 7, 2024 and the composition and chair of certain Committees (See Section 5.1.2 “Supervisory Board Diversity Policy”).

Experience and expertise

• AJean-Charles Decaux is a French executive and Co-Chief Executive Officer with his brother, Jean-François Decaux, of JCDecaux group, which was created in 1964 and became, in 2011, the global number one in its sector, outdoor advertising. JCDecaux SE is listed on the Euronext Paris stock market.
• AJean-Charles joined the company in 1989. He was appointed Chief Executive Officer of JCDecaux Spain in 1991, which he developed. He then built, primarily through organic growth, all the subsidiaries in Southern Europe, South America, Asia and the Middle East.
• AFollowing the conversion in 2000 of JCDecaux to a limited liability company (société anonyme) with an Executive Board and a Supervisory Board, Jean-Charles and Jean-François Decaux performed an IPO in 2001 and actively participated in the consolidation of the sector, taking the JCDecaux group to global number one in February 2011. Jean-Charles Decaux was behind the JCDecaux group’s expansion into China and high-growth countries.
• AIn 2022, JCDecaux converted to a société européenne (European company), a new legal status more strongly representing the group’s European outlook to all its stakeholders.
• ASince 2017, he has come top several times of the Institutional Investor Awards “Small & Midcap Best CEOs” ranking in the Technologies, Media & Telecommunications category and the Extel “Top 100 best CEO - Pan-Europe” ranking.
• AJean-Charles Decaux is also a member of the Board of Directors of the French Association of Private Sector Companies (AFEP) and a director and donating member of AMREF (African Medical and Research Foundation) in France since 2005.

Main position held excluding Eurazeo

• AChief Executive Officer of JCDecaux SE* since May 16, 2023.

Other offices and positions held in companies as of December 31, 2023

Offices and positions currently held outside the Eurazeo group

• AChairman of the Executive Board of JCDecaux SE* until May 16, 2023.
• ADirector of Metrobus SA, EXTIME MEDIA (previously Media Aéroports de Paris SAS), IGP Decaux Spa (Italy), JCDecaux Small Cells Limited (United Kingdom).
• AChairman of JCDecaux France SAS and JCDecaux Holding SAS.
• AMember of the Executive Committee of JCDecaux Bolloré Holding SAS.
• AChairman of the Board of Directors and Director of JCDecaux Espana S.L.U (Spain).
• ADirector of JCDecaux Holding SAS, Decaux Frères Investissements SAS, MediaVision et Jean Mineur SA and BDC SAS.
• AChief Executive Officer of Decaux Frères Investissements SAS and Apolline Immobilier SAS.
• AManager of SCI Troisjean, SCI Clos de la Chaîne and SCI du Mare.
• APermanent representative of Decaux Frères Investissements on the Supervisory Board of HLD SCA.
•  

Other offices and positions held over the past five years

• AChairman of the Executive Board and Chief Executive Officer of JCDecaux SE* (N.B. Rotating chair).
• AChairman and Chief Executive Officer of JCDecaux Holding SAS (N.B. Rotating chair).

Number of Eurazeo shares held as of December 31, 2023

• A826

*    Listed company.

Experience and expertise

• AIn 1993, Olivier Merveilleux du Vignaux created MVM, a direct recruitment firm, of which he is the Manager.
• AHe was a Director of SAFAA until 1993, established and developed a recruitment firm with a partner from 1984 to 1992 and worked for Korn Ferry from 1980 to 1984, where he recruited senior executives through the direct recruitment method.
• AHe is a business school graduate.

Main position held excluding Eurazeo

• AManager of MVM Search Belgium.

Other offices and positions held in companies as of December 31, 2023

Offices and positions currently held outside the Eurazeo group

• AManager of MVM Search Belgium.
•  

Other offices and positions held over the past five years

• AMember of the Advisory Committee of Expliseat SAS.

Number of Eurazeo shares held as of December 31, 2023

• A864

Experience and expertise

• AThroughout his career, Emmanuel Russel has held a range of executive management and financial management positions in several companies, and particularly the JCDecaux group, across many geographic areas.
• AHe is currently Deputy CEO of JCDecaux Holding, the investment holding company and controlling shareholder of the outdoor advertising group, JCDecaux. He is also Vice-Chairman of the Board of Directors of So.Co.Mix., the operating company for the Hôtel du Palais in Biarritz.
• ABetween 2013 and 2017, he was Chief Executive Officer of Compagnie Lebon, an investment holding company controlled by the Paluel-Marmont family and listed on the Euronext Growth market.
• ABetween 2000 and 2013, he held several positions in the JCDecaux group as Mergers & Acquisitions, Treasury and Finance Director and then, from 2006, Chief Executive Officer of the emerging Africa, Middle East, Central Asia and Eastern Europe area, leading its construction.
• AFrom 1990 to 2000, he held financial management positions in the Pernod Ricard group and particular Chief Financial Officer for Europe. He began his career with Arthur Andersen in 1987.
• AHe is a graduate of the Hautes Études Commerciales (HEC) business school and holds a post-graduate accounting and finance degree (DESCF).

Main position held excluding Eurazeo

• ADeputy Chief Executive Officer of JCDecaux Holding SAS.

Other offices and positions held in companies as of December 31, 2023

Offices and positions currently held outside the Eurazeo group

• AChairman of JCDecaux Holding Immobilier SAS.
• AVice-Chairman and member of the Board of Directors of So.Co. Mix SA (Société Communale d’Économie Mixte pour l’Exploitation de l’Hôtel du Palais de Biarritz).
• AMember of the Supervisory Board of October SA.
• ADirector of B.D.C SAS.
• AMember of the Supervisory Committee of Compose Holdco SAS.
•  

Other offices and positions held over the past five years

• A-

Number of Eurazeo shares held as of December 31, 2023

• A14,251,928 shares held by JCDecaux Holdings SAS

Experience and expertise

• AMathilde Lemoine has a PhD in economics and is an Economist. Expert in international issues and public policy assessment, she also has considerable operational experience. She has also developed governance expertise through directorships held over the past ten years and committees she has chaired.
• AMathilde Lemoine started her career as a lecturer and then as an economist and Secretary General of the French Economic Observatory (Observatoire Français des Conjonctures Economiques, OFCE). She was then a member of several ministerial offices where she contributed her knowledge of international macro-economic issues, participated in the preparation of WTO ministerial conferences and was a special advisor for tax affairs to the French Prime Minister.
• AShe was also rapporteur for the Expert Conference on Climate and Energy Contribution in 2009 and a member of the Attali Commission for the Liberation of Growth in 2010. She participated in a government mission reporting on the determining factors of French industry competitiveness, bringing her expertise on the competitiveness of the French economy. She has been a member of the Council of Economic Advisors (Conseil d’Analyse Economique) and the French National Economic Commission (Commission Économique de la Nation).
• AIn 2013, she was appointed to the French High Council of Public Finances (Haut Conseil des Finances Publiques, HCFP) for a non-renewable five-year term and was involved in assessing French public finance and its consistency with European commitments. From 2006 to 2015, she was Head of Economic Research and Market Strategy at HSBC France, a member of the Executive Committee and a Senior-Economist at HSBC Global Research.
• AShe is currently Group Chief Economist of Edmond de Rothschild. She joined the group to create an Economic Research department and lead a team of economists to perform structural analyses, risk mappings and international macro-economic forecasts and scenarios. She also continues her human capital and valuation work.
• AA lecturer at Sciences Po Paris for more than 20 years, Mathilde Lemoine has published several articles and analyses on international macroeconomic issues and monetary and financial policy. More recently, she published work on investment in human capital, employee mobility and the link between the accumulation of human capital and competitiveness. She is a columnist for Les Echos (France), L’Expansion (Spain), L’Agefi Suisse and L’Agefi Hebdo (France). Her latest work is entitled Les Grandes Questions d'economie et de finance internationales (Major economic issues and international finance, Boeck, 3rd edition, 2016).

Main position held excluding Eurazeo

• AGroup Chief Economist of Edmond de Rothschild.

Other offices and positions held in companies as of December 31, 2023

Offices and positions currently held outside the Eurazeo group

• AMember of the Supervisory Board of CMA-CGM.
• AMember of the Board of Directors of Carrefour SA*.
•  

Other offices and positions held over the past five years

• AMember of the Board of Directors of Dassault Aviation SA*.
• AMember of the Board of Directors of École Normale Superieure.
• AMember of the High Council of Public Finances (Haut Conseil des Finances Publiques).

Number of Eurazeo shares held as of December 31, 2023

• A250

*    Listed company.

Experience and expertise

• ARoland du Luart was Vice-President of the French Senate from October 2004 to September 2011 and Senator for the Sarthe department from 1977 to September 2014, Vice-President of the Senate Finance, Budget and National Accounts Commission, Special Reporter for the “External Action of the State” Mission, Member of the Advisory Committee on the State’s property holdings, Member of the Financial Sector Advisory Committee and Member of the Public Finance Advisory Committee.
• AHe was the Mayor of Luart (1965-2001) and then Deputy Mayor (2001-2014), President of the Sarthe General Council (1998-March 2011), General Councilor for the Canton of Tuffé (1979-March 2011), Chairman of the Association of Mayors of the Sarthe department (1983-2008) and Chairman of the Pays de I’Huisne Sarthoise municipalities association (1996-March 2006).

Main position held excluding Eurazeo

• ACompany Director.

Other offices and positions held in companies as of December 31, 2023

Offices and positions currently held outside the Eurazeo group

• AHonorary senator and honorary member of Parliament.
• AHonorary Director of Automobile Club de I’Ouest.
• AMember of the Supervisory Board of Banque Hottinger & Cie.
• ANon-voting director of Aurea*.
•  

Other offices and positions held over the past five years

• AChairman of the Perche Sarthois Authority.
• AMember of the Board of Directors of Aurea*.
• AMunicipal Councilor of Luart.

Number of Eurazeo shares held as of December 31, 2023

• A2,100

*    Listed company.

Experience and expertise

• AVictoire de Margerie is the Founder and Vice-Chairwoman of the World Materials Forum since 2014. She has also been the main shareholder and Chairwoman of Rondol Industrie since 2012. She is a Director of Ivanhoe Electric Inc. (2022) and is Chairwoman of Verkor’s Technology and Growth Committee (2023).
• AShe previously held operational positions in Germany, France and the United States at Arkema, Carnaud MetalBox and Pechiney. She also taught Strategy and Technology Management at the Grenoble Management School.
• AVictoire de Margerie has held Directorships in listed companies since 1999 and particularly in Baccarat, Bourbon, Outokumpu, Ciments Français/ltalcementi, Norsk Hydro, Morgan Advanced Materials and Arkema.
• AVictoire de Margerie is a graduate of the École des Hautes Études Commerciales (HEC) business school (1983) and the Institut d’Études Politiques (IEP) of Paris (1986). She holds a post-graduate degree in Private Law from the University of Paris 1 Pantheon Sorbonne (1988) and a PhD in Management Science from the University of Paris II Pantheon Assas (2007).

Main position held excluding Eurazeo

• AFounder and Chairwoman of Rondol Industrie.

Other offices and positions held in companies as of December 31, 2023

Offices and positions currently held outside the Eurazeo group

• AFounder and Chairwoman of Rondol Industrie.
• ADirector of Ivanhoe Electric Inc.* (USA).
• AFounder and Vice-Chairwoman of World Materials Forum.
• ADirector and Chairwoman of Verkor’s Technology and Growth Committee.
•  

Other offices and positions held over the past five years

• AMember of the Supervisory Board of Banque Transatlantique.
• ADirector of Arkema* and Chairwoman of its Innovation and Sustainable Development Committee.

Number of Eurazeo shares held as of December 31, 2023

• A800

*    Listed company.

Experience and expertise

• AFrançoise Mercadal-Delasalles gained experience in the senior civil service in the Finance Ministry (1988-1992) and Caisse des Depots (2002-2008) and in the private sector with BNP-Paribas. In 2008, she joined Société Générale as Group Head of Corporate Resources and Innovation and sat on the group Executive Committee in this capacity. As Chief Operating Officer, she was responsible for IT, Real Estate and Procurement. Facilitator of the group’s innovation strategy, Françoise Mercadal-Delasalles also steers Société Générale’s digital transition project. In particular, she is responsible for the roll-out of the Digital for All program which is founded on an ambitious project to equip employees and a vast program to accompany digital changes and assimilation. She was Chief Executive Officer of Credit du Nord from March 2018 to June 2021.
• AShe was joint Chairwoman of the French National Digital Council until January 2024.
• AFrançoise Mercadal-Delasalles is a graduate of Institut d’Études Politiques (IEP) of Paris and École Nationale d’Administration (ENA).
• AShe is a Knight of the Legion of Honor, an Officer of the Order of Merit and a Knight of the Order of Agricultural Merit.

Main position held excluding Eurazeo

• ASenior Adviser.

Other offices and positions held in companies as of December 31, 2023

Offices and positions currently held outside the Eurazeo group

• AJoint-Chairwoman of the French National Digital Council.
• AMember of the Board of Directors of My Money Group and Attijariwafa Bank (Morocco).
• AMember of the Supervisory Board of DIOT-SIACI.
•  

Other offices and positions held over the past five years

• AChief Executive Officer of Credit du Nord.
• AChairwoman of the Board of Directors of Banque Courtois, Banque Rhone-Alpes and Société Marseillaise de Credit.
• ADirector of Société Générale Cameroon, Sopra Steria Group, Compagnie Générale de Location d’Équipement (CGL), SG Global Solutions Center (India), SG European Business Services (Romania), Transacts (joint subsidiary of Société Générale and La Banque Postale), Sogecap, Star Lease and INRIA.
• AMember of the Executive Committee and Group Head of Corporate Resources and Innovation at Société Générale* group.
• AMember of the Supervisory Board of Rosbank (Russia).

Number of Eurazeo shares held as of December 31, 2023

• A787

*Listed company.

Experience and expertise

• AStéphane Pallez has pursued a career at the crossroads of the public and corporate spheres, accumulating a wealth of experience in the field of finance, and notably investment.
• ADuring her time at the Ministry of Finance, she served as Technical Advisor to the Minister, responsible for industrial affairs and corporate finance, and was later responsible for part of the portfolio of state holdings, where she was actively involved in the restructuring and privatization of publicly owned companies. She has also held a wide range of responsibilities in the field of financial regulation, banking and insurance, and in international financial negotiations.
• AIn the corporate world, she was Deputy Chief Financial Officer at France Telecom Orange between 2004 and 2011 and was as such directly involved in that company’s investment and divestment decisions for all the financial and operational activities under her responsibility.
• AFrom April 2011 to 2015, she was Chairwoman and Chief Executive Officer of CCR.
• ASince November 2014, she has been Chairwoman and Chief Executive Officer of La Française des Jeux (FDJ). She successfully steered its privatization and listing in November 2019.
• AStéphane Pallez graduated from Institut d’Études Politiques (IEP) of Paris and École Nationale d’Administration (ENA), in the “Louise Michel” graduating class

Main position held excluding Eurazeo

• AChairwoman and Chief Executive Officer of La Française des Jeux (FDJ)*.

Other offices and positions held in companies as of December 31, 2023

Offices and positions currently held outside the Eurazeo group

• AChairwoman and Chief Executive Officer of La Française des Jeux (FDJ)*.
• ADirector and Chairwoman of the Audit Committee of CNP Assurances.
•  

Other offices and positions held over the past five years

• A-

Number of Eurazeo shares held as of December 31, 2023

• A1,665

*    Listed company.

Experience and expertise

• ASerge Schoen is a founding partner of Eightstone Pte Ltd, a multi-family office based in Singapore and Founder of Ambrosia Investments, an investment platform focused on innovation in the food, beverage and ingredients sectors.
• ASerge Schoen was a successful entrepreneur in the telecommunications sector and held several management positions in agricultural commodity trading. He was Chairman and Chief Executive Officer of Louis Dreyfus Company B.V. Previously, Serge Schoen co-founded Louis Dreyfus Communication (LDCom then became NeufCegetel) and was appointed COO of the entity.
• AFollowing his engineering studies, Serge Schoen obtained a master’s degree from Telecom Paris (formerly École Nationale Supérieure des Telecommunications), and then an MBA from Massachusetts Institute of Technology (MIT).

Main position held excluding Eurazeo

• AExecutive Chairman of Ambrosia Investments.

Other offices and positions held in companies as of December 31, 2023

Offices and positions currently held outside the Eurazeo group

• AChairman of Thia Ventures (Singapore).
• AChairman of Eightstone (Singapore).
• AChairman and independent non-executive director of Olam Agri Holdings Limited (Singapore).
• AChairman of the Europe Middle East Africa Committee of MIT Sloan School of Management (USA).
• AMember of the Board of Directors of Califia Farms (USA).
• AMember of the Board of Ecole Telecom Paris (France).
•  

Other offices and positions held over the past five years.

• AIndependent member of the Board of Directors of COFCO International Ltd (Hong Kong).
• AMember of the Strategy Committee of Un Air d’lci (France).
• AMember of the Board of Directors of Itsu Limited (UK).
• AMember of the Board of Directors of Banque Pâris Bertrand SA (Switzerland).

Number of Eurazeo shares held as of December 31, 2023

• A750
•  

Experience and expertise

• AVivianne Akriche is based in New York, where she is Managing Director of Eurazeo Mid-large buyout. She is responsible for sourcing and carrying out investments and monitors the performance of Eurazeo portfolio companies. Vivianne Akriche specializes in the business services and consumer goods sectors. She notably participated in the acquisition or oversight of the investments in Rexel, Intercos, Moncler, Fonroche, LPCR, Sommet Education, WorldStrides and Scaled Agile. She was also involved in the strategic acquisition of Eurazeo PME.
• ABefore joining Eurazeo in 2004, Vivianne Akriche was a member of Goldman Sachs’s Investment Banking team in Paris.
• AVivianne Akriche is a graduate of the Hautes Études Commerciales (HEC) business school.

Main position held excluding Eurazeo

• ANone.

Other offices and positions held in companies as of December 31, 2023

Offices and positions currently held in the Eurazeo group

• AManager of RedBirds Capital LLC (USA).
• AManaging Director of Eurazeo North America Inc. (USA).
• AChairwoman of Legendre Holding 74, Legendre Holding 98, Legendre Holding 99, LH WS, Lakeland Tours LLC (USA), WS Blocker, Inc (USA), WS Holdings Acquisition, Inc (USA), WS Holdings, Inc (USA) and WS Purchaser, Inc. (USA).