Our organization

Michelin’s governance is a solid, stable process focused on the long-term responsibility of its executives, with a clear separation of management and supervisory powers.

The Michelin partnership limited by shares

Throughout its history, Compagnie Générale des Établissements Michelin (CGEM), the Group’s parent company, has been organized as a partnership limited by shares (SCA). This form of corporate organization ensures that the deployment of a long-term strategy is fully aligned with shareholder interests.

The Supervisory Board

It exercises permanent oversight of Michelin's management and assesses its quality every year on behalf of the shareholders.

Société Auxiliaire de Gestion (SAGES)

As Non-Managing General Partner, SAGES is responsible for ensuring the company's continuity of leadership. It participates, with the Supervisory Board, in the Manager succession process.

The Managers

They administered and managed the company, who are initially elected by shareholders at the Annual Meeting for four-year terms. As a General Partner, the Managing Chairman is personally liable for Michelin's debts.

The managers and the Executive Committee

as of December 31, 2021

CEG-Michelin_2021

The Managers are assisted by a nine-member Executive Committee.

( 1 )  Jean Claude Pats - Executive Vice President, Personnel

( 2 )  Maude Portigliatti - Executive Vice President, High-Tech Materials

( 3 )  Scott Clark - Executive Vice President, Automotive, Motorsports, Experiences and Americas Regions

( 4 )  Serge Lafon - Executive Vice President, Specialties and Africa/India/Middle East, China, East Asia and Australia Regions

( 5 )  Lorraine Frega - Executive Vice President, Distribution, Services & Solutions, Strategy, Innovation and Partnerships

( 6 )  Jean-Christophe Guérin - Executive Vice President, Manufacturing

( 7 )  Bénédicte de Bonnechose - Executive Vice President, Urban and Long-Distance Transportation and European Regions

( 8 )  Florent Menegaux - Managing Chairman

( 9 )  Yves Chapot - General Manager and Chief Financial Officer

( 10 )  Adeline Challon-Kemoun - Executive Vice President, Engagement and Brands

( 11 )  Éric-Philippe Vinesse - Executive Vice President, Research & Development

The managers

Florent Menegaux and Yves Chapot were re-elected to new terms ending in 2026.

The Executive Committee

It focuses on strategic issues and decisions, such as corporate transformations, the business model, acquisitions, performance management, brand strategy and sustainable growth.

The Group Management Committee

It cross-functionally manages transformation, competitiveness, diversity and the integration of acquisitions. It also manages the development of shared services, internal control, quality and risk management processes.

A customer-centric organization

 

Focused on identifying and meeting customer needs, the Group’s organization is supported by an employee empowerment process embraced at every level and in every aspect of the business.

19 Business Lines

19 global Business Lines design solutions for customers sharing similar expectations

10 Regions

10 Regions are responsible for managing customer relationships and increasing sales

6 Operating Units

6 Operating Units provide their expertise and support                                                                                

1 Corporate Unit

A lean Corporate Unit comprises departments focused on their strategic missions

Constructive stakeholder dialogue

By providing deeper insight into expectations and how they are changing, stakeholder dialogue helps Michelin to make better decisions. Michelin actively encourages and practices such dialogue locally, nationally and globally. At the Group executive level, a Corporate Stakeholders Committee meets with the Michelin Executive Committee for a full day at least once a year.

The Supervisory Board

as of December 31, 2021

2021 saw the departure of Michel Rollier, Chairman of the Supervisory Board since 2013 after serving as Managing General Partner from 2005 to 2012, and the election of Barbara Dalibard as the new Chair. A member of Michelin's Supervisory Board for 13 years, Barbara Dalibard has a strong international background and a passion for technology.

89%

independents*

_________

45% women*,
33% are non-French nationals*

*Excluding the members representing employees.

11

members

__________

including 1 Senior Independent Member,
2 members representing employees

8

meetings in 2021

__________

100% attendance

3

committees

__________

Audit Committee

Compensation and Appointments Committee

Corporate Social Responsibility (CSR) Committee

89%

independents*

_________

45% women*,
33% are non-French nationals*

*Excluding the members representing employees.

 

11

members

__________

including 1 Senior Independent Member,
2 members representing employees

8

meetings in 2021

__________

100% attendance

3

committees

__________

Audit Committee

Compensation and Appointments Committee

Corporate Social Responsibility (CSR) Committee

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