Jean Charles Naouri Casino
Jean-Charles Henri Naouri serves as Chairman of the Board of the Company. He has also been a member of our board of directors, the chairman and chief executi. Casino Group's headquarters country, top executive, number of stores, sales, and countries of operation. Casino Group Profile Jean-Charles Naouri Casino sales Group Casino Supermarket News. About Press Copyright Contact us Creators Advertise Developers Terms Privacy Policy & Safety How YouTube works Test new features Press Copyright Contact us Creators.
A two-year battle between the most prominent shareholders of Brazil's largest retail group, Grupo Pao de Acucar, or GPA, reached its peak on Friday, when France's Casino Guichard-Perrachon SA took full control, but it's unclear whether the acrimony will end.The changeover will remove some uncertainties, but others will only by extinguished over time. Among them, the biggest question is whether the two main shareholders agree to work and prosper together.
Back in 2005, Brazilian businessman Abilio Diniz, chairman of GPA, made Casino and its chief executive, Jean-Charles Naouri, joint partners in the business founded by his family. But the agreement foresaw that Mr. Diniz, now 75 years old, would hand over full control to Mr. Naouri on June 22, 2012.
After working together well for the first 11 years, relations between Mr. Diniz and Mr. Naouri have been strained since 2011, when the Brazilian billionaire proposed a merger with the Brazilian unit of France's Carrefour, in a move that might have isolated Casino in the Brazilian market. The attempt failed when Mr. Naouri rejected the deal.
Now, they will have to find a way to work closely or, if this alternative proves not to be viable, Mr. Diniz would have the alternative of exiting the company in which he spent all his life.
Proposals to split off parts of GPA, which is formally known as Companhia Brasileira de Distribuicao SA, to allow Mr. Diniz to follow a separate path, have also been discussed by executives representing both businessmen, but so far with no success, according to people close to the talks.
Under the 2005 agreement, Mr. Diniz has two opportunities over the next 10 years to sell his shares to Casino, but it's not yet clear what course of action Mr. Diniz, who will stay on as chairman of GPA, will take.
'I think it's going to be a personal decision,' said Francisco Chevez, an analyst at HSBC. Once the change of control happens, Mr.Diniz and Mr. Naouri might decide that they need to work together to make the company stronger and to face likely tougher competition in the Brazilian retail in the future, Mr. Chevez said.
There are those who dispute that view, saying the battle for control of GPA caused a permanent break in trust among the French and the Brazilian partners.
Meetings to be held on Friday will mark the control transfer. Casino CEO Jean-Charles Naouri will be appointed chairman of the board of directors of Wilkes, replacing Abilio Diniz. At an extraordinary shareholders meeting of GPA later in the day, three new board members chosen by Casino will be nominated and approved.
'From the 22nd of June, I will continue to be the second main shareholder of GPA, and I will remain active, always seeking the best for the company that my father created,' a spokesperson for Diniz said recently.
According to HSBC's Mr. Chevez, the deal could work out very well if the two agree to work together.
Source: www.silobreaker.com
Jean-Charles Naouri,
Chairman and Chief Executive Officer
of Groupe Casino
Jean-Charles Naouri (born March 8, 1949 in Bône (now Annaba), Algeria, is a French entrepreneur who is currently Chairman, Chief Executive Officer and controlling shareholder of Groupe Casino.
Education
At 14, Mr Naouri was awarded first prizes for top scores on both the Latin and Greek exams in France’s national concours général competition for high school students. At 15, he passed his baccalauréat exam with highest honours, and in 1967, he ranked first in the nationwide entrance examination to the École normale supérieure (Mathematics). He then earned a PhD in Mathematics in just one year. Mr Naouri also attended Harvard University and the Ecole Nationale d’Administration (ENA), where he graduated from in 1976.
Early career
Civil servant
After graduating from ENA in 1976, Mr Naouri joined the Inspection des finances, the auditing and supervisory body of the French Administration. From 1982 to 1986, he served as chief of staff for Pierre Bérégovoy, both at the Ministry of Social Affairs and National Solidarity and the Ministry of Economy, Finance and Budget. During this period, he was the architect of the reforms implemented in the French financial markets, which included the creation of the MATIF futures and MONEP options markets and the introduction of certificates of deposit and commercial paper. In particular, he helped drive the financial market liberalization with measures to ease currency controls and eliminate credit restrictions.
Rothschild & Cie Banque
In 1987, Mr Naouri left government service and joined Rothschild & Cie Banque as Managing Partner. Around the same time, he established his own investment fund, Euris, which acquired minority equity investments in industrial companies, while rapidly increasing its investment capabilities.
Global retailing
Rallye
In the early 1990s, Mr Naouri shifted his investment strategy from opportunistic to acquiring strategic stakes. As part of this new strategy, in 1991 he acquired the Brittany-based retailer Rallye, which at the time was facing serious cash flow issues/challenges. Convinced of the future potential for retailing and the benefits of combining the two companies, in 1992 he engineered a merger of Rallye with Groupe Casino, thereby becoming Groupe Casino’s largest shareholder.
Jean Charles Naouri Children
Groupe Casino
In 1997, a hostile takeover bid for Groupe Casino by rival retailer Promodès was thwarted by the successful counter offer from Jean-Charles Naouri, the Guichard family and Casino management, thereby maintaining the Group’s independence.
In March 2005, Mr Naouri became Chairman and Chief Executive Officer of Casino Group, leading a substantial transformation of the retailer’s profile by disposing of underperforming business segments in Poland, the United States, Taiwan and the Netherlands and strengthening the Group’s presence in fast-growing markets. This made Casino the leading food retailer in South America (especially Brazil and Colombia), the Indian Ocean and Vietnam and the second largest in Thailand.
In France, Mr Naouri has refocused French operations in the convenience format segment, Groupe Casino’s core business, and also positioned Casino in the discount segment by developing the Leader Price chain and the Cdiscount e-commerce website acquired in 2000.
In 2012, Groupe Casino acquired a controlling interest in Brazilian retailer Pão de Açúcar, the country’s largest private-sector employer. The Group also purchased the 50% of French retailer Monoprix, which it did not already own, becoming the sole shareholder.
Social responsibility commitment
In addition to his business activities, Jean-Charles Naouri is also the founder of the Euris Foundation, which he created in 2000. Each year, the Foundation grants 40 scholarships to promising high school graduates from impoverished neighbourhoods in France.
He is also Vice Chairman of the Groupe Casino corporate foundation, which he founded in 2009 to improve access to culture and knowledge for children who are disadvantaged or suffering from illness.
In addition, he is Honorary Chairman and Trustee of Ecole Normale Supérieure’s Institut d’Expertise et de Prospective, which is responsible for developing ties between the school and the corporate world.
In June 2013, Mr. Naouri was appointed by France’s Ministry of Foreign Affairs to be a special representative for Economic relations with Brazil.
Main Executive Positions
- Chairman and Chief Executive Officer of Casino, Guichard Perrachon (listed company)
- Chairman of Euris
Positions within the Casino/Euris Group as of 8 March 2016
- Chairman of the Board of Directors of Rallye (listed company)
- Chairman and member of the Board of Directors of Companhia Brasileira de Distribuição (listed company – Brazil)
- Chairman and Chief Executive Officer of Casino Finance
- Vice-President of Fondation d’Entreprise Casino
- Chairman of Fondation Euris
Positions outside the Casino/Euris Group
Casino Jean-charles Naouri Last Throw Of The Dice
- Director of Financière Marc de Lacharrière (Fimalac) (listed company)
- Chairman of Association Promotion des Talents, a non-profit organisation
- Honorary Chairman and Director of the Institut de l’Ecole Normale Supérieure
Official photos of Jean-Charles Naouri
Jean-Charles Naouri | Jean-Charles Naouri | Jean-Charles Naouri |
Jean-Charles Naouri | Jean-Charles Naouri | Jean-Charles Naouri |