Corporate governance bodies
Fives is headed by an Executive Board overseen by the Supervisory Board.
The Supervisory Board
Fives' Supervisory Board counts 6 independent members who can share their industrial experience with the Executive Board:
- Philippe Reichstul (President and Member)
- Jacques Lefèvre (Honorary President and Member)
- Lise Fauconnier (Vice President and Member)
- Dominique Gaillard (Member)
- Jean-Georges Malcor (Member)
- Antonio Marcegaglia (Member)
The Executive Board
The Executive Board currently has four members and is responsible for the management of the company. Each member of the Executive Board is also responsible for supervising one or more of the Group’s Operational Divisions and one or several Functional Fives Departments.
Chairman of the Executive Board
Member of the Executive Board / Chief Financial Officer
Member of the Executive Board
The Executive Committee
The Executive Board has introduced an Executive Committee who provides it with support for decision-making. Its members include the Group’s key operational and functional managers. Responsible for counseling, recommendations and implementation, the Executive Committee meets to deliberate on various issues, and to support the Executive Board in reaching the decisions for which the Committee is competent. It also examines improvement proposals pointed by the Steering and Coordination committees. The Executive Committee’s tasks include coordinating and monitoring the implementation of Group policies.
Executive Committee members:
Country Director for India
Innovation & Corporate Foresight Director
Head of the Steel/Glass Division
Head of the North American Region
Head of International Development
Group General Counsel
Head of Group Human Resources
head of the Aluminium Division
He/She acts simultaneously as a leader, coordinator and representative for Group initiatives at the national level. He/She also manages Fives’ relationships with local stakeholders, and coordinates the relationship between these stakeholders and national Group companies.
Country Director for India
Country Director for North-America
Country Director Italy
Fives' governance has adapted to the growth of the Group without compromising its essential structure of individual entities - promoting team responsibility and motivation. Operating as think tanks, consultative bodies and management information channels, a series of cross-functional committees support the work of the Executive Committee and its contribution to Executive Board decision-making.
The Steering Committee
The Executive Board launches a series of regional Steering Committees whose prime purpose is to act as a creative melting pot for the Group. In each major region, their membership includes Group company CEOs and functional department leaders from headquarter and/or the specified region. Fostering regional cross-disciplinary work, they ensure that the Group’s management teams fully grasp the operational needs. Introduced in 2012 in France, North America and China, similar committees will be created in the long-run, in other countries.
The Coordination Committee
The Executive Board has launched the Coordination Committee with the intention of boosting cross-functional interaction. This new body will specifically help to:
- provide overall development support and assistance to Group companies,
- act as a channel for informal communications,
- ensure consistency between the policies and the recommended measures.