Regulatory News:
Sodexo (PARIS:SW) (OTCBB:SDXAY) announced today a reinforcement of
its European management team. Yann Coleou, currently CEO for France,
is being appointed Chief Executive for the UK and Ireland and will be
replaced by Michel Franceschi, currently CEO for Southern Europe. The
changes will take effect May 1, 2008.
Yann Coleou is appointed Chief Executive for the UK and Ireland
where Sodexo employs 43,000 people and has revenue of 1.595 billion
euros. Yann Coleou has led Sodexo´s Food and Facilities Management
services activities in France since 2003. Beginning in 2006, he also
has been in charge of the Group´s activities in India, a
responsibility he will retain in addition to his new responsibilities.
Yann Coleou also serves as Chairman of France´s Foodservices
Association (Syndicat francais de la Restauration collective) and
Vice-President of the European federation of contract catering
organisations (FERCO). A 1983 graduate of France´s Institut Superieur
de Gestion (ISG), Yann Coleou joined Sodexo in 1985. He held several
positions in Sodexo´s Healthcare Division before becoming Chief
Executive Officer in 1999. In 2002, Yann Coleou was given
responsibility for Corporate Services major accounts before being
named CEO for France where Sodexo employs more than 32,000 people and
generates 1.539 billion euros in revenue.
As Chief Executive for the UK and Ireland, he will be based in
London and report to Philip Jansen, Group Chief Operating Office in
charge of Europe.
Michel Franceschi joined Sodexo in Paris in 1985. Over his 20-year
career, he has held a number of key positions within the Group´s Food
and Facilities Management services, Remote Sites and Service Vouchers
and Cards activities. His knowledge of all of Sodexo´s businesses is
coupled with significant international experience, having previously
led Sodexo´s activities in Gabon, Chile and Spain before being named,
in 2005, CEO for Southern Europe (Spain, Portugal, Italy, Slovenia,
Morocco, Israel and Turkey), a region in which Sodexo generates 680
million euros in revenue.
In addition to his new responsibilities in France, Michel
Franceschi will continue to be responsible for Morocco. Currently
based in Italy, he will move to Paris to undertake his new
responsibilities.
Michel Franceschi holds a degree in advanced commercial,
administrative and financial studies from the Ecole Superieure de
Commerce EUROMED in Marseilles, France (1984).
About Sodexo
SODEXO, founded in 1966 by Pierre Bellon, a world leader in Food
and Facilities Management services, with more than 342,000 employees
on 29,000 sites in 80 countries. For Fiscal 2007, which closed August
31, 2007, SODEXO had revenue of 13.4 billion euro. Listed on Euronext
Paris, the Group has a market capitalization of 5.8 billion euro.
www.sodexo.com
