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L'Oréal Finance
L'Oréal Group
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  • Share price

    Share price

    L'Oréal shares were introduced on the Paris Stock Market on 8 October 1963 and are now listed on Euronext (Compartment A).

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    L’Oréal in figures
    Discover in figures how L'Oréal is consolidating its leading position in the beauty market thanks to its balanced business model.
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    L’Oréal in figures
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    News & Events

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    L’Oréal worldwide
    In the three main geographic Zones, L’Oréal stands out as the leader in th Beauty market, boosted by New Markets.
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    L’Oréal worldwide
  • Reports

    Reports

    All our yearly publications: Annual Report, Universal Registration Document, Progress Report "Sharing Beauty With All"

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      • Annual Reports Archives

        Annual Reports Archives

    • Universal Registration Document

      Universal Registration Document

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        Registration Document Archives

    • Progress Report "Sharing Beauty With All"

      Progress Report "Sharing Beauty With All"

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    Annual Report
    Discover the strategic themes of the Annual Report.
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  • Results and Presentations

    Results and Presentations

    Strategic presentations by General Management as well as webcasts of the financial results and sales, Annual General Meeting and Investor Analyst Conferences.

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    Prospects
    By Jean-Paul Agon, Chairman and Chief Executive Officer of L’Oréal, and Nicolas Hieronimus, Deputy Chief Executive Officer, in charge of Divisions, L'Oréal.
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    Jean-Paul Agon
  • Regulated information

    Regulated information

    All regulated information as defined by the French Market Authority (AMF, Autorités des Marchés Financiers).

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    • Universal Registration Document

      Universal Registration Document

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      Half-Year Financial Report

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    • L'Oréal Share Movements

      L'Oréal Share Movements

    • Articles of Association

      Articles of Association

    Cosmetics Market
    The strong consuming potential for beauty allows the Group to outperform by achieving a year of growth in results.
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    Cosmetic Market
  • Governance

    Governance

    Proactive and committed Directors

    • The Board of Directors

      The Board of Directors

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      The Board's Committees

    • Remuneration of Corporate Officers

      Remuneration of Corporate Officers

    Governance
    Stable governance in the swiftly changing world of cosmetics.
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    Governance
  • Shareholders

    Shareholders

    Dear shareholders and future shareholders, welcome to your section where you will find services, pratical information and your dedicated contacts.

    • Reasons to invest in L’Oréal

      Reasons to invest in L’Oréal

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      The Letter to Shareholders

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      Annual General Meeting

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    Administration and Finance
    The Finance & Legal professions are constantly reinventing themselves in order to continue to support the Group in its new challenges.
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    Finance
L'Oréal head office entry hall
Governance

The Board of Directors

  1. L’Oréal Finance
  2. Governance
  3. The Board of Directors

The Board of Directors

  • The Board of Directors of L’Oréal carries out its work on a collective basis, in accordance with ethical principles and in compliance with the legal provisions, regulations and recommendations.

    At 30 June 2020, the Board of Directors of L’Oréal comprises 14 members: the Chairman and Chief Executive Officer, three seats for Françoise Bettencourt Meyers and her family and two for Nestlé, six independent directors: Ms Sophie Bellon, Ms Fabienne Dulac, Ms Belén Garijo, Ms Ilham Kadri, Ms Virginie Morgon, Mr Patrice Caine, and two employee members: Mr Georges Liarokapis and Ms Ana Sofia Amaral.

    An elected representative of the Central Works Council of L'Oréal, Mr Thierry Magontier, also attends the Board Meetings, with an advisory vote.

  • L’Oréal’s Directors come from different backgrounds. They complement one another due to their different professional experience, their skills and their nationalities. They have good knowledge of the Company. The Directors are present, active and closely involved. These are all assets which contribute to the quality of the Board’s deliberations in the context of the decisions that the Board is called on to make.

    At 30 June 2020, L'Oréal's Board of Directors includes seven different nationalities, 58% are female, and 50% are independent Directors.

  • Every year, the Board carries out the formal evaluation provided for by the AFEP-MEDEF Code of its composition, its organisation and its modus operandi, in particular in order to verify that, under these conditions, the agenda for its work duly covers the scope of its assignments, that important questions have been appropriately prepared for and discussed and to assess the contribution made by each member to the Board’s work.

    This evaluation is carried out within the framework of the AFEP-MEDEF Code, to which the Board refers and market recommendations like those of the AMF. On the basis of the summary of prior individual interviews between the Director and the Secretary of the Board of Directors, such interviews being conducted on the basis of a guide which sets out the principles provided for in the code and the recommendations, the Board considers the avenues of progress that still remain open and, at the end of the discussion that takes place, adopts the improvement measures that it considers appropriate.

    Read the summary of the evaluation of the modus operandi of the Board in 2019 (pages 77 and 78 of the 2019 Universal Registration Document).

The Board of Directors at 30 June 2020

Jean-Paul Agon

Chairman and Chief Executive Officer
Chairman of the Strategy and Sustainable Development Committee.
Read biography

Jean-Paul Agon

Chairman and Chief Executive Officer

Chairman of the Strategy and Sustainable Development Committee.

Age: 64. Jean-Paul Agon joined the L’Oréal Group in 1978. Following an international career as General Manager of the Consumer Products Division in Greece and of L’Oréal Paris in France, International Managing Director of Biotherm, General Manager of L’Oréal Germany, General Manager of the Asia Zone, Chairman and Chief Executive Officer of L’Oréal USA, Jean-Paul Agon was appointed as Deputy Chief Executive Officer of L’Oréal in 2005, and then Chief Executive Officer in April 2006, and finally Chairman and Chief Executive Officer in 2011. A Director of L’Oréal since 2006, he is also the Chairman of the Strategy and Sustainable Development Committee. Jean-Paul Agon is also the Chairman of the L’Oréal Corporate Foundation and Director of Air Liquide.

Françoise Bettencourt Meyers

Françoise Bettencourt Meyers

Vice-Chairwoman of the Board of Directors
Member of the Strategy and Sustainable Development Committee
Member of the Appointments and Governance Committee
Member of the Human Resources and Remuneration Committee
Read biography
Françoise Bettencourt Meyers

Françoise Bettencourt Meyers

Vice-Chairwoman of the Board of Directors

Member of the Strategy and Sustainable Development Committee

Member of the Appointments and Governance Committee

Member of the Human Resources and Remuneration Committee

Age: 67. Françoise Bettencourt Meyers, daughter of Liliane Bettencourt and granddaughter of the founder of L’Oréal, Eugène Schueller, has been the Chairwoman of the family-owned holding company Téthys since 31 January 2012, and is the Chairwoman of the Supervisory Board of the investment subsidiary Téthys Invest, Chairwoman of the Bettencourt Schueller Foundation, and Honorary President of the Pour l’Audition Foundation. Françoise Bettencourt Meyers has been a Director of L’Oréal since 1997 and a member of the Strategy and Sustainable Development Committee since 2012.

Paul Bulcke

Paul Bulcke

Vice-Chairman of the Board of Directors
Member of the Strategy and Sustainable Development Committee
Member of the Appointments and Governance Committee
Member of the Human Resources and Remuneration Committee
Read biography
Paul Bulcke

Paul Bulcke

Vice-Chairman of the Board of Directors

Member of the Strategy and Sustainable Development Committee

Member of the Appointments and Governance Committee

Member of the Human Resources and Remuneration Committee

Age: 66. Paul Bulcke, of Belgian and Swiss nationality, is the Chairman of the Board of Directors of Nestlé. Paul Bulcke was a Director at L’Oréal from 2012 to June 2014 and has been back in that position since 2017. Paul Bulcke is the Vice-Chairman of the Board of Directors, and is a member of the Strategy and Sustainable Development Committee, the Appointments and Governance Committee, and the Human Resources and Remuneration Committee. He is also a Director of Roche Holding (Switzerland).

Ana Sofia Amaral

Ana Sofia Amaral

Member of the Human Resources and Remuneration Committee.
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Ana Sofia Amaral

Ana Sofia Amaral

Member of the Human Resources and Remuneration Committee.

Age: 55. Ana Sofia Amaral, of Portuguese nationality, is Scientific and Technical Affairs Director for L’Oréal Portugal. Ana Sofia Amaral was appointed in 2014 by L’Oréal’s Instance Européenne de Dialogue Social (European Works Council) as a Director representing the employees; her term of office was then renewed for a period of four years in 2018. She is a member of the Human Resources and Remuneration Committee.

Sophie Bellon

Sophie Bellon

Chairwoman of the Appointments and Governance Committee
Chairwoman of the Human Resources and Remuneration Committee
Member of the Audit Committee
Read biography
Sophie Bellon

Sophie Bellon

Chairwoman of the Appointments and Governance Committee

Chairwoman of the Human Resources and Remuneration Committee

Member of the Audit Committee

Age: 59. Sophie Bellon is Chairwoman of the Board of Directors of Sodexo. After a career in finance in the United States, she joined Sodexo in 1994, where she held a variety of positions, including Manager for the Business Division in France, then as R&D and Innovation Strategy Manager. Sophie Bellon has been a Director of L’Oréal since 2015. She is the Chairwoman of the Appointments and Governance Committee, the Human Resources and Remuneration Committee, and a member of the Audit Committee.

Patrice Caine

Patrice Caine

Member of the Strategy and Sustainable Development Committee
Member of the Appointments and Governance Committee
Read biography
Patrice Caine

Patrice Caine

Member of the Strategy and Sustainable Development Committee

Member of the Appointments and Governance Committee

Age: 51. Patrice Caine has been Chairman and Chief Executive Officer of the Thales Group since December 2014, after holding management positions in various operating units (Aviation and Naval, Communications, Navigation and Identification, Air Systems, Radio-Communication Products, Network and Infrastructure Systems, and Protection Systems) from 2002 to 2013. Patrice Caine has been a Director of L’Oréal since April 2018, and is a member of the Appointments and Governance Committee.

Fabienne Dulac

Fabienne Dulac

Member of the Audit Committee
Member of the Human Resources and Remuneration Committee
Read biography
Fabienne Dulac

Fabienne Dulac

Member of the Audit Committee

Member of the Human Resources and Remuneration Committee

Age: 53. Fabienne Dulac is Chairwoman and Chief Executive Officer of Orange France and Deputy Chief Executive Officer of the Orange Group, which she joined in 1997. She has held various positions in marketing, business development, communications and digital. She is also a Director of Orange Bank and Willa (an incubator dedicated to female entrepreneurship). She has been a Director of L’Oréal since 2019 and is a member of the Audit Committee.

Belén Garijo

Belén Garijo

Member of the Human Resources and Remuneration Committee
Read biography
Belén Garijo

Belén Garijo

Member of the Human Resources and Remuneration Committee

Age: 60. Belén Garijo, of Spanish nationality, is Chairwoman and Chief Executive Officer of Merck Healthcare, a company bringing together the pharmaceutical businesses of German group Merck, and a member of the Merck group’s Executive Committee. Belén Garijo has been a Director of L’Oréal since 2014 and is a member of the Human Resources and Remuneration Committee. She is also a Director of BBVA (Spain).

Béatrice Guillaume-Grabisch

Béatrice Guillaume-Grabisch

Member of the Audit Committee
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Béatrice Guillaume-Grabisch

Béatrice Guillaume-Grabisch

Member of the Audit Committee

Age: 56. Béatrice Guillaume-Grabisch has been since 2019 Executive Vice-President Human Resources and Business Services of the Nestlé Group, which she joined in 2013. She previously served as Chief Executive Officer of Nestlé Germany, after a career in a variety of consumer goods corporations (Colgate-Palmolive, Beiersdorf, Johnson & Johnson, L’Oréal and Coca-Cola). Béatrice Guillaume-Grabisch has been a Director at L’Oréal since 2016 and is a member of the Audit Committee.

Ilham Kadri

Ilham Kadri

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Ilham Kadri

Ilham Kadri

Age: 52. Ilham Kadri, of French and Moroccan nationality, is Chairwoman of the Executive Committee and CEO of Solvay, which she joined in March 2019. She had been CEO and Chairwoman of the American company Diversey since 2013. Ms Kadri has international experience acquired in leading industrial companies (Shell, UCB, Dow, Sealed Air…) where she performed roles in research and development, sales, marketing, strategy, business management and digital technology. Ilham Kadri has been a Director of L’Oréal since 30 June 2020. She is also a Director of A.O. Smith Corporation (USA).

Georges Liarokapis

Member of the Audit Committee.
Read biography

Georges Liarokapis

Member of the Audit Committee.

Age: 58. Georges Liarokapis, of French and Greek nationality, is Coordinator of Sustainability for L’Oréal Western Europe. Mr Liarokapis was appointed by the CFECGC union as a Director representing the employees in 2014; his term of office was renewed for a period of four years in 2018. He is a member of the Audit Committee.

Jean-Victor Meyers

Jean-Victor Meyers

Member of the Strategy and Sustainable Development Committee
Member of the Audit Committee
Read biography
Jean-Victor Meyers

Jean-Victor Meyers

Member of the Strategy and Sustainable Development Committee

Member of the Audit Committee

Age: 34. Jean-Victor Meyers has been a member of the Supervisory Board of the family-owned holding company Téthys since January 2011, and is a member of the Supervisory Committee of the investment subsidiary Téthys Invest and Chairman of the Exemplaire and Constantine Capital companies. Jean-Victor Meyers has been a Director of L’Oréal since 2012 and is a member of the Audit Committee.

Nicolas Meyers

Nicolas Meyers

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Nicolas Meyers

Nicolas Meyers

Age: 33. A member of the Supervisory Board of the family-owned holding company Téthys since 2011, a member of the Supervisory Committee of the Investment subsidiary Téthys Invest since 2016, and a member of the Board of Directors of the Bettencourt Schueller Foundation since 2012. Nicolas Meyers has been a Director of L’Oréal since 30 June 2020.

Virginie Morgon

Virginie Morgon

Chairwoman of the Audit Committee
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Virginie Morgon

Virginie Morgon

Chairwoman of the Audit Committee

Age: 51. Virginie Morgon is Chairwoman of the Executive Board of Eurazeo, which she joined in 2008 after working for sixteen years at Lazard, and is also Chairwoman of Eurazeo North America Inc. (USA). She is also Co-Chair of the Paris Committee of Human Rights Watch. Virginie Morgon has been a Director of L’Oréal since 2013 and is the Chairwoman of the Audit Committee.

Summary table

The table below might be difficult with a screen reader, please note that all information displayed in the table is also avalaible in the dialog associated with each board member above.
Board Committees
Independence Expiry date of current tenure Strategy & Sustainable Development Audit Appointments & Governance HR & Remuneration
Jean-Paul Agon 2022 Chairman / Chairwoman
Françoise Bettencourt Meyers 2021 Member Member Member
Paul Bulcke 2021 Member Member Member
Ana Sofia Amaral Employee director 2022 Member
Sophie Bellon Independence 2023 Member Chairman / Chairwoman Chairman / Chairwoman
Patrice Caine Independence 2022 Member Member
Fabienne Dulac Independence 2023 Member Member
Belén Garijo Independence 2022 Member
Béatrice Guillaume-Grabisch 2024 Member
Ilham Kadri Independence 2024
Georges Liarokapis Employee director 2022 Member
Jean-Victor Meyers 2024 Member Member
Nicolas Meyers 2024
Virginie Morgon Independence 2021 Chairman / Chairwoman
Independence within the meaning of the criteria of the AFEP-MEDEF Code as assessed by the Board of Directors.
Committee Chairman/Chairwoman
Committee Member

2020 Annual Report

The 2020 edition sheds light on the L’Oréal group’s strategy to adapt to market transformations, with goals for the future: to create beauty that makes the world more advanced and to become Beauty Tech champion.

View the website

2020 Universal Registration Document

2020 Universal Registration Document (PDF 8.46 MB)
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Explore the Annual Report

The 2020 edition sheds light on the L’Oréal group’s strategy to adapt to market transformations, with goals for the future: to create beauty that makes the world more advanced and to become Beauty Tech champion.

View the Annual Report
Jean-Paul Agon

Strategy

We take a look back at 2020’s highlights and the future outlook for the Group.
Digital

Digital

Thanks to its strength in digital, L’Oréal helps you discover the inner workings of this asset.
Research and Innovation

Research & Innovation

Innovation and science serving the beauty of tomorrow.
Division Overview

Division Overview

L’Oréal’s brands are organised by Division, which each has a unique vision of beauty.
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