Lagardere Management

Management criteria checks 3/4

Lagardere's CEO is Arnaud Lagardere, appointed in Jan 2003, has a tenure of 20.17 years. total yearly compensation is €2.89M, comprised of 39.5% salary and 60.5% bonuses, including company stock and options. directly owns 0.36% of the company’s shares, worth €10.10M. The average tenure of the management team and the board of directors is 3.6 years and 1.8 years respectively.

Key information

Arnaud Lagardere

Chief executive officer

€2.9m

Total compensation

CEO salary percentage	39.5%
CEO tenure	20.2yrs
CEO ownership	0.4%
Management average tenure	3.6yrs
Board average tenure	1.8yrs

Recent management updates

Recent updates

CEO Compensation Analysis

How has Arnaud Lagardere's remuneration changed compared to Lagardere's earnings?
Date	Total Compensation	Salary	Company Earnings
Dec 31 2022	n/a	n/a	€126m
Jun 30 2022	n/a	n/a	€10m
Mar 31 2022	n/a	n/a	-€46m
Dec 31 2021	€3m	€1m	-€103m
Sep 30 2021	n/a	n/a	-€234m
Jun 30 2021	n/a	n/a	-€384m
Mar 31 2021	n/a	n/a	-€512m
Dec 31 2020	€2m	€1m	-€640m
Sep 30 2020	n/a	n/a	-€431m
Jun 30 2020	n/a	n/a	-€223m
Mar 31 2020	n/a	n/a	-€15m
Dec 31 2019	€3m	€1m	€192m
Jun 30 2019	n/a	n/a	€67m
Mar 31 2019	n/a	n/a	€120m
Dec 31 2018	€3m	€1m	€172m
Sep 30 2018	n/a	n/a	€218m
Jun 30 2018	n/a	n/a	€255m
Mar 31 2018	n/a	n/a	€216m
Dec 31 2017	€2m	€1m	€176m
Sep 30 2017	n/a	n/a	€167m
Jun 30 2017	n/a	n/a	€158m
Mar 31 2017	n/a	n/a	€167m
Dec 31 2016	€3m	€1m	€175m

Compensation vs Market: Arnaud's total compensation ($USD3.11M) is about average for companies of similar size in the UK market ($USD2.46M).

Compensation vs Earnings: Arnaud's compensation has been consistent with company performance over the past year.

CEO

Arnaud Lagardere (61 yo)

20.2yrs

Tenure

€2,891,506

Compensation

Mr. Lagardere serves as Chairman of Lagardere SA (Formerly, Lagardere SCA) since June 30, 2021 and also serves as its Chief Executive Officer since 2003. He had been General and Managing Partner at Lagarde...

Leadership Team

Name	Position	Tenure	Compensation	Ownership
Arnaud Lagardere	Chairman & CEO	20.2yrs	€2.89m	0.36% € 10.1m
Pierre Leroy	Deputy CEO & Board Advisor	no data	€4.02m	0.075% € 2.1m
Sophie Stabile	Group CFO & Member of Management Board	2.4yrs	no data	no data
Sophie Castellan	Group Accounting Director	no data	no data	no data
Emmanuel Rapin	Head of Financing & Investor Relations and Group Treasurer	3.1yrs	no data	no data
Eric Thomas	General Counsel	no data	no data	no data
Ramzi Khiroun	Chief of External Relations Officer	no data	no data	no data
Jimmy Desmarais	Co-Managing Director of Lagardère Studios	3.6yrs	no data	no data
Constance Benque	Chair of Lagardere News	no data	no data	no data
Arjil Commanditée-Arco	Managing Partner	25yrs	no data	3.56% € 99.8m
Laure Rivière-Doumenc	Corporate Secretary	no data	no data	no data
Pauline Hauwel	General Secretary	no data	no data	no data

3.6yrs

Average Tenure

61yo

Average Age

Experienced Management: MMBP's management team is considered experienced (3.6 years average tenure).

Board Members

Name	Position	Tenure	Compensation	Ownership
Arnaud Lagardere	Chairman & CEO	1.8yrs	€2.89m	0.36% € 10.1m
Pierre Leroy	Deputy CEO & Board Advisor	1.8yrs	€4.02m	0.075% € 2.1m
Véronique Morali	Independent Director	1.8yrs	no data	0.00011% € 3.1k
Valerie Irene Amelie Bernis	Independent Director	1.8yrs	€28.23k	0.00011% € 3.1k
Arnaud de Puyfontaine	Director	1.8yrs	no data	0.00011% € 3.1k
Rene Ricol	Independent Director	1.1yrs	no data	0.00011% € 3.1k
Virginie Banet	Independent Director	1.8yrs	no data	0.0021% € 59.8k
Fatima Fikree	Director	1.8yrs	no data	0.00011% € 3.1k
Nicolas Sarkozy	Independent Director	1.8yrs	€28.23k	0.00093% € 26.1k
Laura Carrere	Independent Director	1.8yrs	no data	0.00011% € 3.1k
Pascal Jouen	Director Representing Employees	1.8yrs	no data	0.000030% € 841.9
Marie Flavion	Employee Representative Director	1.2yrs	no data	no data

1.8yrs

Average Tenure

60.5yo

Average Age

Experienced Board: MMBP's board of directors are not considered experienced ( 1.8 years average tenure), which suggests a new board.

Lagardere Management

Management criteria checks 3/4

Key information

Recent management updates

Lagardere SA, Annual General Meeting, Apr 18, 2023

High number of new and inexperienced directors

High number of new and inexperienced directors

High number of new and inexperienced directors

High number of new and inexperienced directors

Lagardere SA, Annual General Meeting, Apr 22, 2022

Recent updates

Lagardere Says in Talks to Sell Paris Match Magazine to LVMH

Vivendi SE (ENXTPA:VIV) completed the acquisition of 12.46% stake in Lagardere SA (ENXTPA:MMB) for €450 million.

Vivendi SE (ENXTPA:VIV) completed the acquisition of remaining 55% stake in Lagardere SA (ENXTPA:MMB).

Lagardere SA to Report First Half, 2024 Results on Jul 23, 2024

Lagardere SA, Annual General Meeting, Apr 18, 2023

High number of new and inexperienced directors

Lagardere SA to Report Fiscal Year 2022 Results on Feb 16, 2023

Vivendi SE (ENXTPA:VIV) completed the acquisition of Lagardere SA (ENXTPA:MMB).

High number of new and inexperienced directors

High number of new and inexperienced directors

High number of new and inexperienced directors

Lagardere SA to Report First Half, 2022 Results on Jul 27, 2022

Full year 2021 earnings: Revenues exceed analyst expectations

Lagardere SA, Annual General Meeting, Apr 22, 2022

Less than half of directors are independent

Less than half of directors are independent

Less than half of directors are independent

Lagardere SA (ENXTPA:MMB) acquired unknown minority stake in Lagardère Capital & Management Co. Ltd. from Financière Agache Société Anonyme.

Less than half of directors are independent

First half 2021 earnings released: €1.31 loss per share (vs €3.21 loss in 1H 2020)

Full year 2020 earnings released: €4.95 loss per share (vs €1.48 profit in FY 2019)

New 90-day high: €23.52

Lagardère SCA, Annual General Meeting, Jun 14, 2021

Lagardère SCA to Report Fiscal Year 2020 Results on Feb 25, 2021

Michel Defer Joins Supervisory Board of Lagardère SCA

Groupe Arnault SAS acquired unknown minority stake in Lagardère SCA (ENXTPA:MMB).

Vivendi Plans to Keep Buying Lagardere Shares

Vivendi SA (ENXTPA:VIV) acquired an additional unknown minority stake in Lagardère SCA (ENXTPA:MMB).

Mediawan SA (ENXTPA:MDW) made a binding offer to acquire SAS Lagardère STUDIOS from Lagardère SCA (ENXTPA:MMB) for approximately €120 million.

Lagardere Reportedly Looking to Sell Live Entertainment Assets

The management of Lagardere SCA (ENXTPA:MMB) and others acquired Curtis Circulation Company, LLC from Lagardere SCA (ENXTPA:MMB).

Vivendi SA (ENXTPA:VIV) acquired 10.6% stake in Lagardère SCA (ENXTPA:MMB).

Vivendi SA (ENXTPA:VIV) acquired an additional unknown minority stake in Lagardère SCA (ENXTPA:MMB).

CEO Compensation Analysis

CEO

Tenure

Compensation

Leadership Team

Average Tenure

Average Age

Board Members

Average Tenure

Average Age