JCDecaux S.A. (Euronext Paris: DEC), the number one outdoor advertising company worldwide, is changing its organisation following Jean-Sébastien Decaux’s decision to devote himself, from January 1, 2020, to the philanthropic activities of the Decaux family.
Jean-Sébastien Decaux will leave his operational functions and the Executive Board on December 31, whilst remaining committed to JCDecaux SA, as a shareholder and part of the governance of JCDecaux Holding as well as a member of the Supervisory Board.
The territories for which Jean-Sébastien Decaux are currently responsible will be incorporated within extended regions reporting to Jean-Charles Decaux, namely…
- Southern Europe (Italy, Spain and Portugal) will be included in the region headed by Alexandre Roubaud, who will remain Managing Director of Latin America and will be based in Madrid;
- Africa will be the responsibility of Martin Sabbagh, who will remain Managing Director of the Middle East region and continue to be based in Dubai;
- Belgium, Luxembourg and Israel will join France to form a new region and will be managed by Wim Jansen, currently Managing Director of Belgium and Luxembourg, based in Brussels. He will work under the joint responsibility of Isabelle Schlumberger, Executive Vice-President, Sales, Marketing and Development, and Jean-Michel Geffroy, Executive Vice-President, Territories and Institutions – both of whom are based in Paris.
Jean-François Decaux, Chairman of the Executive Board and Co-CEO of JCDecaux, and Jean-Charles Decaux, Co-Chief Executive Officer of JCDecaux, said “We would like to warmly thank Jean-Sébastien for everything he has contributed to the Group since 1998 and we are delighted with his decision to devote himself to the philanthropic activities of our family. We share the need to strengthen our initiatives in this area and build a more ambitious approach in this new project. We continue to build on both the heritage of Jean-Claude Decaux and the duty to perpetuate our family, entrepreneurial and environmental values and pass them on to the third generation. The urgency of today’s challenges call for our full, determined and participative commitment. We are certain that Jean-Sebastien will be able to harness the skills and resources necessary to successfully complete this new mission just as he did for 21 years at JCDecaux SA. We would like to wish every success to the executives, who will now have the opportunity to apply their experience and perfect knowledge of the Group to new and expanded territories which is effective from January 1, 2020.”