At the end of 2018, Fives modified its governance and management structure to become more agile and be able to better respond to its constantly changing markets. In 2020, in the unprecedented context of the health crisis, this organization demonstrated its strength and ability to respond rapidly to complex and varied problems worldwide.
Fives, a simplified joint-stock company (SAS), is led by its Chairman and Chief Executive Officer, Frédéric Sanchez, who relies on a Deputy Chief Executive Officer, Martin Duverne. The Group is overseen by a Supervisory Committee, including members from outside the Group.
The Chairman and the Deputy Chief Executive Officer are assisted with decision-making by operational bodies, including the Senior Executive Committee. The latter is supported by an Executive Committee and Local Coordination and Steering Committees.
With members from outside the Group, the Supervisory Committee meets several times a year and is responsible for overseeing Fives’ management. The range of experience, skills and personalities makes it a major asset to discuss challenges and industrial prospects and to assess the Group’s development.
The Senior Executive Committee manages talent and development, responds to cross-functional operational and organizational questions and makes the required budgetary decisions. It also manages unforeseen events with a potentially significant impact on the life of the Group, as well as crises or emergencies. Its members sit on the Executive Committee.
The Executive Committee is primarily in charge of ensuring the implementation of decisions made by the Senior Executive Committee and reviewing the relevance and effectiveness of cross-functional policies based on feedback.
These committees are responsible, by geographic area, for ensuring the implementation of the cross-functional policies adopted by the Senior Executive Committee, adapting them where appropriate to the specifics of each country,
and encouraging synergies between subsidiaries in the same country but that belong to different Divisions.