The modifications to the structure of the Group's General Management team that were suggested by Frédéric Oudéa were given the go-ahead at a meeting of the Board of Directors that took place on December 9, 2021 and was presided over by Lorenzo Bini Smaghi.

As an extension of initiatives currently underway, two major transformations will structure the Group’s strategic roadmap, meeting the increasing importance of ESG and digital issues, and be directly embodied at General Management level. 

Diony Lebot, Deputy Chief Executive Officer, will be responsible for overseeing all ESG policies and their effective incorporation into the strategic trajectories adopted by the Group’s business units and functions. She also retains supervision of the specialised financial services and insurance activities, and particularly the strategic development of ALD Automotive, for which she chairs the Board of Directors. 

Gaëlle Olivier is appointed Deputy General Manager of the Group and Chief Operating Officer. In this role, she will supervise the Group’s resources and be responsible for coordinating the IT, digital transformation and Innovation function. She will be replaced as CEO of the Asia region by Cécile Bartenieff, currently Chief Operating Officer for Global Banking & Investor Solutions and a member of the Group’s Management Committee, in compliance with local regulations.

Following the completion of the remediation programmes concerning US legal proceedings, supervised until their termination by Diony Lebot, Frédéric Oudéa, Chief Executive Officer of the Group, will take over the direct supervision of the Risk and Compliance control functions, in addition to the General Inspection and Audit function, the Finance function, the Corporate Secretary and Human Resources and Communications.

Philippe Aymerich remains Deputy Chief Executive Officer in charge of all Retail Banking activities. Sébastien Proto remains Deputy General Manager in charge of the French Retail Banking networks and Private Banking, and is notably responsible for the creation of the new retail bank resulting from the merger between the Societe Generale and Crédit du Nord networks. 

Slawomir Krupa remains Deputy General Manager and Head of Global Banking and Investor Solutions. 

This new organisation will be effective from 17 January, 2022.

Frédéric Oudéa, Chief Executive Officer, comments: 

“I wanted to adapt the organisation of the General Management team and the distribution of responsibilities within it, in order to embody the two cross-functional transformations of ESG and digital technology at General Management level, as these will affect all our businesses and functions, as well as to maintain close oversight of all our strategic initiatives at the highest level of the company. Our priority in the coming quarters will be the perfect execution of all our various projects, with the ambition of building a bank fully adapted to meeting challenges of tomorrow.”

Source: Societe Generale