Mr. Guillemot, who had been chief executive since December 5, 2017, "asked not to be renewed in his functions as chief executive" during the group's board meeting in the morning, according to a press release from Elior. .
"It's a surprise for everyone," the group's spokeswoman told AFP, stressing that "no one was informed" of this decision when the renewal of his mandate had been confirmed "at 98 %" the day before in a general meeting at the request of the board of directors.
The group indicates that on the occasion of his departure, "no severance, non-competition or other indemnity is due or paid to Philippe Guillemot" who "also loses all rights to his long-term compensation elements which have been assigned".
"For 2021-2022, only his fixed compensation is paid to him pro rata temporis", adds the text.
The Board of Directors unanimously appointed Bernard Gault, an independent director for four years, as interim Chief Executive Officer until the Board appoints a new Chief Executive Officer.
Bernard Gault is founding partner of investment firm Barville & Co, founded in 2016, and co-founder of financial advisory and asset management firm Perella Weinberg Partners, incorporated in 2006.
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