Societe Generale: Slawomir Krupa put forward as future CEO by the
Board of Directors
Press release
Paris, 30 September 2022 – 5 p.m.
At its meeting on 30 September 2022, the Board of Directors of
Societe Generale, chaired by Lorenzo Bini Smaghi, decided
unanimously, on the suggestion of the Appointments Committee and
the Corporate Governance Committee, to put forward to the
shareholders at the Annual General Meeting on the 23 May 2023
Slawomir Krupa as director to take over from Frédéric Oudéa who
announced, at the Annual General Meeting of 17 May 2022 that he
will not ask for the renewal of his term of office. Once voted in,
Slawomir Krupa will be appointed Chief Executive Officer by the
Board of Directors.
This choice is entirely within the time frame set out at the
Annual General Meeting of 17 May 2022.
The appointment process was conducted in accordance with the
highest standards of governance by Lorenzo Bini Smaghi, Chairman of
the Board of Directors, in coordination with the Appointments and
Corporate Governance Committee, chaired by Gérard Mestrallet,
bringing together all the independent directors in interaction with
the entire Board of Directors. He was advised by independent
consultancy firm and reviewed the panel of candidates of a high
calibre, both men and women, from both inside and outside the
company, French and international.
The European Central Bank was kept informed throughout the
selection process.
Lorenzo Bini Smaghi, Chairman of the Board of Directors stated:
“I commend the excellent work of our independent directors, carried
out under the supervision of Gérard Mestrallet, as well as the
professionalism and rigour of the appointment process, as per the
expectations expressed by our shareholders. On behalf of the Board
of Directors, I am pleased with the choice that was made.I have
worked with Slawomir Krupa for several years. He has perfect
knowledge of our Bank, as well as the challenges that await him; he
has demonstrated his ability to lead Societe Generale, a major
European bank.His first mission will be to finalise the vast
transformations in progress, such as the merger of the French
networks, the acquisition of LeasePlan by ALD, the expansion of
Boursorama, and the continued development of the corporate and
investment bank, recentred on its core businesses. We appreciated
in particular his potential to accelerate the development of
Societe Generale as a responsible bank that is close to its
customers and able to generate higher and sustainable
profitability. He demonstrated an innovative spirit and a keen
ability to rally the teams, giving him all the qualities needed to
unite the Bank’s energies and step up the pace of the
transformations required in a fast-changing global environment.On
behalf of the Board of Directors, I thank Frédéric Oudéa as he
continues the implementation of the Bank’s strategy and works
alongside his successor over the transition period.”
BIOGRAPHY OF SLAWOMIR KRUPA
Slawomir Krupa has over 26 years of experience in the
international financial sector.He joined the Societe Generale Group
in 1996 and began his career as an inspector at the General
Inspection. In 1999, he left the Group to found and manage an
e-finance start-up in eastern Europe. He returned to the Group in
2002 in the General Inspection department where he was made a
member of its management team in 2005. During his time at the
General Inspection, he acquired an extensive and in-depth knowledge
of the operations and challenges of financial institutions around
the world.
In 2007, he joined the Corporate and Investment Banking
division, where he took on successive responsibilities that enabled
him to broaden further his expertise and his knowledge of the
bank’s businesses, serving its large international clients.
In 2007, he was Director of Strategy and Development, head of
Central and Eastern Europe, Middle-East and Africa (CEEMEA) in
2009, and Deputy Director of Financing in 2012, supervising in
particular the primary markets business, securitisation and
leveraged financing, while maintaining his regional
responsibilities, which were extended in 2013 to include Private
Banking, Asset Management, and Securities.
Appointed CEO of SG Americas in January 2016, he oversaw the
turnaround of the Americas platform, both in terms of business
performance and risk management, in a challenging regulatory
environment.
In January 2021, he joined the Group’s Executive Management team
as Head of Global Banking and Investor Solutions. He strengthened
the division by defining for its businesses a profitable and
sustainable growth strategy, which he oversaw for 18 months. In
doing so, he restored the trust of the stakeholders of this core
business through an effective programme of risk reduction, cost
control, and diversification of the business portfolio to seize
development opportunities. He has also initiated an in-depth
transformation of the business lines towards a sustainable growth
model “ESG by Design”.
Press contact: Société Générale - Jean-Baptiste
Froville_+33 1 58 98 68 00_ jean-baptiste.froville@socgen.com
Primatice Conseil - Olivier
Labesse_+33679114971_olivierlabesse@primatice.com / Hugues
Schmitt_+33671997458_huguesschmitt@primatice.com
Societe Generale Societe Generale is one of the
leading European financial services groups. Based on a diversified
and integrated banking model, the Group combines financial strength
and proven expertise in innovation with a strategy of sustainable
growth. Committed to the positive transformations of the world’s
societies and economies, Societe Generale and its teams seek to
build, day after day, together with its clients, a better and
sustainable future through responsible and innovative financial
solutions. Active in the real economy for over 150 years, with a
solid position in Europe and connected to the rest of the world,
Societe Generale has over 117,000 members of staff in 66 countries
and supports on a daily basis 25 million individual clients,
businesses and institutional investors around the world by offering
a wide range of advisory services and tailored financial solutions.
The Group is built on three complementary core businesses:
- French Retail Banking which encompasses the
Societe Generale, Credit du Nord and Boursorama brands. Each offers
a full range of financial services with omnichannel products at the
cutting edge of digital innovation;
- International Retail Banking, Insurance and Financial
Services, with networks in Africa, Central and Eastern
Europe and specialised businesses that are leaders in their
markets;
- Global Banking and Investor Solutions, which
offers recognised expertise, key international locations and
integrated solutions.
Societe Generale is included in the principal socially
responsible investment indices: DJSI (Europe), FTSE4Good (Global
and Europe), Bloomberg Gender-Equality Index, Refinitiv Diversity
and Inclusion Index, Euronext Vigeo (Europe and Eurozone), STOXX
Global ESG Leaders indexes, and the MSCI Low Carbon Leaders Index
(World and Europe). In case of doubt regarding the authenticity of
this press release, please go to the end of Societe Generale’s
newsroom page where official Press Releases sent by Societe
Generale can be certified using blockchain technology. A link will
allow you to check the document’s legitimacy directly on the web
page. For more information, you can follow us on Twitter
@societegenerale or visit our website www.societegenerale.com.
- SOCIETE GENERALE_PR_ Slawomir Krupa
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