Board of Directors

Independent Members

Luis Fernando Alarcón (Chairman)

Appointment date: June 11, 2015

Other Boards of Directors to which he currently belongs: Grupo de Inversiones Suramericana S.A. – SURA, Emgesa S. A, Frontera Energy Corp y Fundación Plan.

Has previously been member of several Boards of Directors including: Avianca, Banco de Bogotá, Bolsa de Valores de Colombia, Bavaria, Caracol S. A., Cafesalud, Valores Bavaria and Caracol Televisión. Current Chairman of the Board of Governors at the Universidad de Los Andes.

It’s currently 66 years. Civil Engineer and Postgraduate Degree in Economics at the Universidad de Los Andes. Master’s of Science in Civil Engineering (Hydraulic Systems) at the Massachusetts Institute of Technology (MIT). He also took part in the Advanced Management Program at Oxford University.

Former CEO of Interconexión Eléctrica S.A. (ISA), President of Asofondos and of Flota Mercante Grancolombiana, Ministry of Finance and Executive Director of the Inter-American Development Bank.

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Felipe Ayerbe Muñoz

Appointment date: October 11, 2010

Other Boards of Directors to which he currently belongs: Banco de Occidente S.A.

He previously was a member of several Boards of Directors, as Former Chairman of the Carulla Vivero S.A. and Banco Andino Boards of Directors. Former member of the Aseguradora del Valle and Compañía de Financiamiento Comercial International Boards of Directors.

Nowadays 67 years old. Lawyer and Ph.D. In Business Law at the Universidad de Los Andes. Studies in Arbitration, International Law and Common Law at New York University. Former primary advisor on acquisition transactions for large companies such as Carulla Vivero y Almacenes Vivero S.A; Carulla Vivero S.A and Surtimax; Productos Yupi S.A – McCain and Yupi Ecuador, among others.

Former legal advisor on issues related to acquisitions, shareholder contracts and shareholder representation. Through this position, he generated value given his expertise in Financial, Business and Corporate Law.

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Ana María Ibáñez

Appointment date: March 20, 2014

Other Boards of Directors to which she currently belongs: Banco Bilbao Vizcaya Argentaria Colombia S.A. - BBVA y Fundación Éxito.

Former member of the Academic Council of the Universidad de Los Andes, the World Bank Commission on Global Poverty Advisory Group and the Ministry of Finance's Advisory Committee on Fiscal Rule. She has participated in and has lead forums and researches on sustainability, diversity, inclusion and female leadership.

With 48 years, is an Economist at the Universidad de Los Andes. Master’s and Doctoral degrees in Agricultural Economics and Natural Resources at the University of Maryland, College Park. From 2012 to 2016, Dean of the School of Economics at the Universidad de Los Andes. Current professor at Universidad de Los Andes.

She is member of the United Nations Peacebuilding Fund Advisory Group, as well as member of the Almacenes Éxito S.A. Board of Directors. Former researcher and consultant at: Fedesarrollo, the World Bank, the Universidad de Los Andes, the University of Maryland, College Park, the Inter-American Development Bank, the Ministry of the Environment, the Central Bank of Colombia, the Colombian Coffee Growers Federation and the “Estrategia Económica y Financiera” journal.

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Daniel Cortés

Appointment date: March 30, 2016

Other Boards of Directors to which he currently belongs: Grupo de Inversiones Suramericana S.A. – SURA, Emgesa S. A., Frontera Energy Corp and Fundación Plan.

Previously he was member of several Boards of Directors including: Avianca, Banco de Bogotá, Bolsa de Valores de Colombia, Bavaria, Caracol S. A., Cafesalud, Valores Bavaria and Caracol Televisión. Current Chairman of the Board of Governors at the Universidad de Los Andes.

Now 50 years old, is a Civil Engineer and Postgraduate Degree in Economics at the Universidad de Los Andes. Master’s of Science in Civil Engineering (Hydraulic Systems) at the Massachusetts Institute of Technology (MIT). He also took part in the Advanced Management Program at Oxford University.

Former CEO of Interconexión Eléctrica S.A. (ISA), President of Asofondos and of Flota Mercante Grancolombiana, Ministry of Finance and Executive Director of the Inter-American Development Bank.

Resume

Non Independent Members

Jean-Paul Mochet

Appointment date: March 23, 2018

Currently does not belong to other Boards of Directors.

Jean-Paul Mochet, is a member of the Executive Committee of the Casino Group and General Manager of Franprix and Proximity Formats (Petit Casino, Casino Shop, Spar, Vival, Leader Price Express, Sherpa). Currently 53 years.

After starting his professional career as an independent entrepreneur in the catering industry, Mr. Mochet served as Director of Restaurants and Regional Director Paris of the Quick chain. Mr. Mochet joined the Casino Group in 2000, where he has assumed various operational responsibilities including, among others, Supermarket Director, Regional Director West Paris, Director of Supermarket Operations Casino and General Director of Franprix.

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Philippe Alarcon

Appointment date: March 16, 2012

Other Boards of Directors to which he currently belongs: GreenYellow Energía de Colombia S.A.S.

Nowadays 60 years old, has Degree in Finance and Accounting at the Institute of Technology of the Saint-Etienne University.

International career with Groupe Casino since 1984 with roles that have included: Chief Financial Officer of Supermarkets, member of the Rally Steering Committee, Chief Financial Officer of "Cafetería Casino," Chief Financial Officer for Groupe Casino in Poland and subsequently CEO of Immobilière Group Casino. Current Vice President of International Business and Chief Executive Officer of Real Estate for Groupe Casino internationally.

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Bernard Petit

Appointment date: March 20, 2014

Other Boards of Directors to which he currently belongs: Grupo Disco Uruguay S.A., Libetad S.A., GreenYellow Energía de Colombia S.A.S., Codim, Mercados Devoto S.A. and Casino Finance and Services.

Previously he was a member of several Board of Directors including: Cdiscount S.A. and Banque Casino.

Nowadays 58 years old, is a Public Accountant with Master’s in Accounting.Various responsibilities within Groupe Casino since 1983, including Director of Accounting, Management Control and Audit. Chair of the Casino Services organization.

Current Associate Chief Financial Officer of Groupe Casino, Latin America.

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Hervé Daudin

Appointment date: March 30, 2016

Other Boards of Directors to which he currently belongs: Via Varejo S.A., Cdiscount S.A., Distribution Casino France, European Marketing Distribution and Achats Marchandise Casino.

Now 51 years old, has a Degree in Physics at the École Normale Supérieure of Paris with a Ph.D. in Economics at the École des Ponts ParisTech.

Current member of the Executive Committee and Marketing Director of Groupe Casino.

Was General Counsel of Economic and Social Investment for the Treasury Department. Previous roles as: Court Advisor for ASF, SANEF, ATMB, AFTRP Epamarne, SNCM and STIF.

Former top-level official at the Ministry of Economy and Finance.

Former Director of Strategy and Planning and the Executive Committee Secretary within Groupe Casino.

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Guillaume Humbert

Appointment date: March 23, 2018

Currently does not belong to other Boards of Directors.

Guillaume Humbert is a graduate of the Master of Business Administration at the Toulouse Business School and since 2010 is the Corporate CFO of the Casino Group. 

Mr. Humbert, who now is 47 years old, has developed his professional career as Vice President of Corporate Development at Gencor (BHP Billiton) South Africa, Vice President of Project Finance and Acquisition Finance at Credit Agricole Corporate Investment Bank (Milan, New York, Paris) and Chief Financial Officer of Foncière des Régions (France).

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Board of Directors Committees

Sustainability Committee

The Board of Directors shall create a Sustainability Committee, which will consist of at least three members  read more...

Sustainability Committee 

  • Ana María Ibáñez Londoño (Chairman)
  • Felipe Ayerbe Muñoz
  • Jean-Paul Mochet
  • Hervé Daudin
  • Josseline De Clausade, External Advisor

The Board of Directors shall create a Sustainability Committee, which will consist of at least three members of the Board and the Corporate Affairs Manager. The Committee shall define the sustainability strategy, the scope of works and monitor those projects in which the Company will evidence its commitment in terms of sustainability.

The Committee will be responsible for the following functions:

  • To recommend the sustainable development strategy of the Company for approval by the Board of Directors, which shall include best practices for sustainable development and corporate social responsibility, and to monitor its implementation, compliance and updating, and suggest changes, updates and improvements in connection therewith, in order to promote sustainable development and its implementation in each of the activities of the Company;
  • To evaluate and recommend to the Board of Directors for approval projects, proposals and campaigns through which the sustainable development strategy of the Company is evidenced, and to contribute to the improvement of social and/or environmental issues;
  • To analyze opportunities and projects that will enable the Company to strengthen its sustainable development strategy and to submit to the Board of Directors the necessary recommendations to carry out its implementation;
  • To advise the Board of Directors on matters relating to sustainable development, including assessment, from the point of view of sustainable development, of initiatives or investment strategies;
  • To evaluate and approve the Annual Sustainability Report;
  • To suggest amendments to its rules of procedure and submit them for approval by the Board of Directors.

Audit and Risks Committee

The Audit and Risks Committee is made up by at least three (3) members of the Board of Directors  read more...

Audit and Risks Committee

  • Luis Fernando Alarcón Mantilla(President)
  • Ana María Ibáñez Londoño
  • Felipe Ayerbe Muñoz
  • Daniel Cortés Mcallister
  • Bernard Petit, Permanent Invitee With No Vote

The Audit and Risks Committee is made up by at least three (3) members of the Board of Directors, including independent members who will be elected by the Board of Directors and must have adequate experience to carry out the functions of the Committee.

The purpose of the Audit and Risks Committee is to oversee all information processes and financial reports, the internal control system, the audit process, compliance with the law and regulations and with the internal codes of conduct. It is empowered to carry out or authorize investigations on matters of its competence.

Financial Committee.

The Board of Directors will create an Investment Committee integrated by at least four members  read more...

Investment Committee

  • Daniel Cortés Mcallister(Chairman)
  • Felipe Ayerbe Muñoz
  • Bernard Petit
  • Guillaume Humbert

The Board of Directors will create an Investment Committee integrated by at least four members of the Board of Directors and the Financial Vice-president. The purpose of this Committee is to analyze and advise with respect to different investment alternatives of the company and supervise their adequate implementation.

The Committee will be in charge of the following functions:

  • To advise the Board of Directors and Senior Management regarding cash investments of the Company, framed under the policies adopted by the Board thereof.
  • To follow up on cash investments of the Company and define an action framework for their execution.
  • To track macroeconomic indicators and trends on dollar, euro and other currencies in the region.
  • To analyze the projections of economic research and relevant impacts on the currency exposure of the Company and its investments.
  • To follow up on debt status, proposing policies for its management and monitor its proper implementation.
  • To study and decide to submit for approval by the Board of Directors the proposals for the creation, modification, debt payment, and in general all those proposals concerning the indebtedness of the Company.

Appointments, Remuneration and Corporate Governance

read more...

Appointments, Remuneration and Corporate Governance

  • Felipe Ayerbe Muñoz(Chairman)
  • Luis Fernando Alarcón Mantilla
  • Ana María Ibáñez Londoño
  • Daniel Cortés Mcallister
  • Philippe Alarcon
  • Hervé Daudin

The Board of Directors shall create a Nomination, Remuneration and Corporate Governance Committee, which will be composed of at least three (3) members, at least one of them must be independent. Meetings shall also be attended by a representative of the Vice President of Human Resources, with voice but no vote.

Functions:

  • Outline general policies for the election and individual and collective evaluation of each of the Chairs, Vice-presidents and Managers of the Company according to the duties and responsibilities assigned to them, including variable remuneration when it is associated with performance.
  • Determine and supervise the parameters that must be followed to adopt the requirements that must be fulfilled by Chairs and Vice-presidents in terms of their remunerations and acknowledgements.
  • Regulate the possibility of transferring shares of the Company to employees as remuneration, acknowledgement or incentive.
  • Determine the guidelines to be followed by Internal Audit in order to control the activity of the directors.
  • Ensure the validity and effective implementation of the Code of Good Governance and settle the claims inherent in it.
  • Propose the nomination and removal of the CEO of the Company as well as his remuneration scheme to the Board of Directors.
  • Assist in the strategy of Human Resources and monitor staff expenses.

Expansion Committee

The Board of Directors will create an Expansion Committee made up by at least three (3) members of the Board of Directors... read more

Expansion Committee

  • Luis Fernando Alarcón Mantilla(Chairman)
  • Daniel Cortés Mcallister
  • Guillaume Humbert
  • Bernard Petit
  • Philippe Alarcon
  • Tatyana Aristizábal Londoño, External Advisor

The Board of Directors will create an Expansion Committee made up by at least three (3) members of the Board of Directors. Its purpose is to support the expansion investments of the Company and its growth.

The Committee shall develop the following activities:

  • Review and approval of the annual expansion plan of the Company Follow-up of the annual retail and mall expansion plan.
  • Review of financial aspects associated with the expansion: investment (Capex) per year, disinvestment (NOA), annual investment and sales forecasts, etc.
  • Approval of specific real estate transactions.