A supervisory council is scheduled for Sunday morning to decide the fate of the chairwoman of investment company Eurazeo’s board of directors, Virginie Morgon, whom the Decaux family, the company’s largest shareholder, is seeking to sack in order to change the administration, according to a source. .near the file.
“A supervisory board has been scheduled for Sunday morning” to make a decision on keeping or leaving Virginie Morgon, chairwoman of the company’s board of directors, a source familiar with the matter told AFP on Friday. at night.
It was scheduled after “an extraordinary meeting between shareholders, which was held on Friday at the initiative of the Decaux family and which lasted eight hours,” this source specifies.
The death of Eurazeo founder Michel David-Weill in June “disturbed the balance within the company’s supervisory board” and “the Decaux family, the largest shareholder, seeks to part ways with Virginie Morgon to have a free hand,” we explained. in the entourage. of the case
25% of Eurazeo voting rights
The Decaux family owns 18% of the capital and 25% of the voting rights of Eurazeo. The David-Weill family owns around 10% of the capital in a shareholder agreement, made up of the Guyot and Solages families, founders of the Lazard bank, and owns a total of 15.5% of the shares.
Since the death of Michel David-Weill, the Supervisory Board has been chaired by Jean-Charles Decaux, Chairman of the Board of Directors and co-CEO of the French advertising screen giant JCDecaux.
Virginie Morgon joined the Board of Directors in 2008, before assuming the role of Chairman, replacing Patrick Sayer in 2018. She transformed Eurazeo into a global investment firm present in more than ten countries and whose assets under management have grown from 7 000 million to 32 billion.
The Eurazeo share has risen more than 12% since the beginning of the year after falling 21% in 2022, a catastrophic year for the markets.
Source: BFM TV
