Board/Management Information • Oct 1, 2012
Board/Management Information
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October 1, 2012
Wendel and Materis are pleased to announce the appointment of Bertrand Dumazy as CEO of the Materis Paints business as of October 1, 2012. He succeeds René Riu, Senior Vice-President of the group, who developed and managed the Paints' business at Materis since leaving the Lafarge group at the end of the 1990s. René Riu has been appointed as advisor to Olivier Legrain, Chairman of Materis. Like René Riu, Bertrand Dumazy will also be Senior Vice-President and member of the Executive Committee of the Materis group.
In 2011, Materis Paints posted sales of €815 million but experienced a decline in its profitability as a result of increases in raw materials prices and very difficult economic conditions in southern Europe. Mr. Dumazy will seek to boost profitability by accentuating the plans already in place and to develop Materis Paints' already strong brands.
Bertrand Dumazy, 41, began his career in 1994 as a consultant at Bain in Paris and then in the United States. After working as the Investment Director at BC Partners (1999-2000), he founded Constructeo, a company specialized in project management software for the construction industry. His company was acquired by Bricsnet in 2001, and he became COO EMEA of the new entity. In 2002, Mr. Dumazy joined the Neopost group, where he had operational (Chairman and CEO of Neopost France) and functional (Director of Marketing and Strategy, CFO) responsibilities.
Since 2011, Bertrand Dumazy has been CEO of Deutsch, world leader in high-performance connectors. He is a graduate of ESCP and holds an MBA from Harvard Business School.
Materis, one of the world's leading manufacturers of specialty chemicals for the construction industry, is composed of four businesses: Admixtures, Aluminates, Mortars and Paints. In 2011, Materis posted sales of €2 billion and had 9,800 employees worldwide.
Wendel is one of Europe's leading listed investment firms. The Group invests in France and abroad, in companies that are leaders in their businesses: Bureau Veritas, Legrand, Saint-Gobain, Materis and Stahl. Wendel plays an active role as industry shareholder in these companies. It implements long-term development strategies, which involve boosting growth and margins of companies so as to enhance their leading market positions. Through Oranje-Nassau Développement, which brings together opportunities for investment in growth, diversification and innovation, Wendel also invests in Van Gansewinkel Groep in the Netherlands, exceet in Germany, and Mecatherm and Parcours in France.
Wendel is listed on Eurolist by Euronext Paris and is included in the Next 20 index. Standard & Poor's rating: Long term: BB, stable outlook; short term: B since April 11, 2012.
Wendel is the founding sponsor of the Centre Pompidou-Metz. Owing to its long-standing commitment to the arts, Wendel was awarded the title of "Grand Mécène de la Culture" ("Grand patron of the arts") on March 23, 2012.
Christine Anglade-Pirzadeh: +33 (0)1 42 85 63 24 Laurent Marie: +33 (0)1 42 85 91 31 [email protected] [email protected] Christèle Lion: +33 (0)1 42 85 91 27 Olivier Allot: +33 (0)1 42 85 63 73 [email protected] [email protected]
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