Eiffage board of directors has announced plans to reorganize the new governance after Chairman and CEO, Pierre Berger, death.
The company has reported in a press released:
The Board of Directors paid tribute to Chairman and CEO, Pierre Berger, who died on the night of October 22-23, 2015 and offers his condolences to his family.
Since joining the Group on January 5th 2011 as director and deputy CEO, Pierre Berger has successively held the positions of CEO from 1st July 2011 and then Chairman and CEO from September 10th 2012. His exceptional human and professional qualities were critical for the development of the Group, the increase of its profitability and the progress of Eiffage share price. Pierre Berger was driven by an exceptional energy and a passion for the activities of the Group.
The Board of Directors, acting on a proposal submitted by the nomination and remuneration committee, has adopted the following measures with immediate effect, to organize the new governance:
Eiffage is France's third-largest construction group by sales after Bouygues SA and Vinci. The company is focused on all sectors linked to construction, public works, concessions and industrial-process management. Conceived as a federation of companies, with up to 500 subsidiaries in France alone, Eiffage is the result of the 1993 acquisition by Fougerolle of Société Auxiliaires des Entreprises (SAE).