In contrast to other years, L & # 39; Oréal did not broadcast its 2019 general meeting on its website, without giving any further explanation. The on-site meeting brought together more than 1100 attendees in the Palais des Congrès in Paris on 18 April in the morning.
Significant management event: Christian Mulliez, the CFO, left the group for personal reasons, as he announced in November 2018. Appointed a year ago director and member of the audit committee of L & # 39; Oréal, Axel Dumas has also resigned from the board. The manager of Hermes has raised a potential conflict of interest, while in March last year he announced a diversification of Hermes in cosmetics in 2020.
The resolution allowing L & # 39; Oréal to buy 10% of its share capital at a price of up to 270 euros was approved almost unanimously (99.52%). The appointment of Fabienne Dulac, deputy general manager of Orange on the board, also (99.80%). The renewal of the mandate of Sodexo President Sophie Bellon was approved by 96.55% of the shareholders.
Compensation from CEO Jean Paul Agon reached € 9.5 million in 2018 and his next retirement hat will exceed € 1.56 million / year. The opposition to Say on Pay ex ante (executive remuneration policy) amounted to 10%.