Sudden change of management at Eurazeo.
Meeting this Sunday since 4 p.m., the extraordinary supervisory board continued late into the evening.
He recorded the departure of Virginie Morgon, the president of the management board of the investment company founded in 2001 by Michel David-Weill, the former boss of the Lazard bank.
The 53-year-old former investment banker, who was the youngest managing partner of Lazard at 32, joined Eurazeo in 2008, before succeeding Patrick Sayer at the head of the group in 2018.
Two of his relatives, Marc Frappier and Nicolas Huet, should also leave the board of Eurazeo.
Patrick Sayer
- Predecessor of Virginie Morgon at the head of Eurazeo, he is a member of the supervisory board.
If he supported the president of the executive board, he could not oppose her departure, like the representatives of the employees.
François BOUCHON/Le Figaro
The fate of Virginie Morgon, who transformed the firm into an international investment company, with more than 32 billion euros under management, was sealed since Friday.
The Decaux family, main shareholder of Eurazeo (18% of the capital and 25% of the voting rights) had called a meeting of shareholders at the Paris headquarters of the company to demand his departure.
This one…
This article is for subscribers only.
You have 86% left to discover.
Want to read more?
Unlock all items immediately.
Without engagement.
TEST FOR €0.99
Already subscribed?
Login