Board of Directors & Management
Solvay is committed to the highest governance principles and seeks to consistently enhance corporate governance performance, emphasizing transparency and promoting a sustainable culture of long-term value creation.
Solvay’s governance bodies are responsible for the Group’s long term approach, pursuing the vision of Solvay’s founder, and implementing the strategy. The Board of Directors is entrusted with steering Solvay’s development strategy while advising the Executive Committee, which oversees its business operations.
The Board of Directors has set up the following permanent specialist Committees.
The Audit Committee hears reports from the Chief Financial Officer, the head of the Group Internal Audit and the auditor in charge of the external audit (Deloitte, represented by Mr. Michel Denayer). It also examines the quarterly report by the Group General Counsel on significant ongoing legal disputes and reports on tax and intellectual property disputes.
It meets alone with the auditor in charge of the external audit whenever it deems such a meeting useful.
The Chairman of the Executive Committee and CEO (Mr. Jean-Pierre Clamadieu) and all other Board members are invited, once a year, to discuss the major risks to which the Group is exposed.
The Committee gives its opinion on financial matters such as:
- the amounts of the interim and final dividends,
- the levels and currencies of indebtedness in the light of interest rate developments,
- the hedging of foreign exchange and energy risks,
- the hedging policy of the long-term incentive plans,
- the content of financial communication,
- and the financing of major investments.
It finalizes the preparation of the press releases announcing the quarterly results. It may also be called upon to give opinions on Board policies on these matters.
The Compensation Committee fulfills the mission imposed on it by law. In particular, it advises the Board of Directors on Compensation policy and compensation levels for members of the Board of Directors and the Executive Committee, and is informed every year about the compensation of General Management.
It also gives its opinion to the Board of Directors and/or Executive Committee on the Group’s principal compensation policies (including long-term incentive plans). It also prepares the report on compensation.
The Nominations Committee gives its opinion on appointments to the Board of Directors (Chairman, new members, renewals and committees), to Executive Committee positions (Chairmanship and members) and to general management positions.
|Bernard de Laguiche||M||M|
|Baron Hervé Coppens d'Eeckenbrugge||M||M|
|Yves-Thibault de Silguy||M||M||C|
|Evelyn du Monceau||M||M|
|Françoise de Viron||M||M|
Members of the Executive Committee
He was appointed CEO of the Rhodia Group in 2003 and Chairman & CEO in 2008. After the merger with Solvay, he became member of the Executive Committee in September 2011 and CEO in 2012.
He holds a degree in engineering awarded by the Ecole Nationale Supérieure des Mines de Paris. Jean-Pierre Clamadieu also holds seats on the Boards of Directors of Faurecia and Axa.
In his first job, he became a partner at Grant Thornton Chartered Accountants which he joined in 1984. He moved on to Royal Dutch/Shell where between 1995 and 2004 he was amongst others deputy CFO of Shell Chemicals.
Karim Hajjar was CFO of Tarmac Group from 2005 to 2009 and its managing director until 2010.
In 2008 he moved back to the USA to take the helm of Novecare. Pascal Juéry joined the Rhodia executive committee in 2010.
After the merger with Solvay, he took up the responsibility of President of Solvay Essential Chemicals. He has been appointed Member of the Executive Committee of Solvay as from January 1st, 2014.
Pascal Juéry, a French national, is a graduate of the European Business School of Paris (ESCP).
Vincent De Cuyper
From 2006 to 2012, he served as Group General Manager of the Chemicals Sector.
Since 2006 he has been a member of the Executive Committee of Solvay.
Vincent De Cuyper holds a degree in Civil Chemical Engineering awarded by the Catholic University of Louvain-la-Neuve.
Cécile Tandeau de Marsac
In 2007, she joined Rhodia and was appointed Human Resources Director forPolyamide and Energy Services GBUs and for the Human Resources Function. She led the growth ambition project Rhodia Move for Growth in 2010. Then she joined, at the very beginning of the integration process with Solvay, the Integration Management Office as IMO partner. In September 2012, she was appointed Group GeneralManager Human Resources.
Cécile Tandeau de Marsac is graduate from a Management and Business School –Ecole Supérieure de Commerce de Rouen (E.S.C Rouen).
In 2009 he came back to Brussels as General Manager of Specialty Polymers, and finally returned to Italy in 2011 to assume his current role as President of the newly created Global Business Unit Solvay Specialty Polymers.
Augusto Di Donfrancesco, an Italian national, graduated from Pisa University in 1985 with a Bachelor’s degree in Chemical Engineering.
Before joining Solvay, he worked for more than 13 years at Rohm & Haas and Dow Chemical in the electronic materials business. He was appointed as Global General Manager of the Global Business Unit Interconnect Technologies in January 2010.
Hua Du was born in 1969 as a national of Hong Kong SAR, China. In the year 1986 to 1990, he graduated from Beijing University with a major in BS Chemistry.
From 1990 to 1995, he obtained a PhD in Organic Chemistry from the University of Illinois, Urbana-Champaign.
Thereafter, he has been assuming the function of Head of Corporate Communications and Investor Relations.
In June 2010, he became Group Corporate Secretary.
Quitterie de Pelleport
She began her career in Paris in 2000 with the law firm Rogers & Wells and then joined DLA Piper in 2004.
In 2008, she joined Rhodia’s legal department as Corporate Counsel in charge of Mergers & Acquisitions. In 2010, she moved to Rhodia’s Asia headquarters in Shanghai to take the position of General Counsel Asia Pacific. In 2014, she moved to Solvay’s headquarters in Brussels as Associate General Counsel, in charge of Mergers & Acquisitions and Corporate Finance, and was then appointed in 2016 General Counsel in charge of GBU Operations, Mergers & Acquisitions and Corporate Finance.
She was appointed Group General Counsel of Solvay and Head of Legal and Compliance in January 2017.