Sodexo (SW) Status Update summary

Leadership transition and governance

• Thierry Delaporte appointed as CEO, effective November 10, 2025, following a structured board-led process involving internal and external candidates, the Nominating Committee, and the Bellon family.

• Governance structure evolves to separate the roles of Chairwoman and CEO; Sophie Bellon becomes non-executive Chairwoman to ensure a smooth transition and support the new CEO.

• Gilles Pélisson will become Lead Independent Director, succeeding Luc Messier, emphasizing strong governance and board independence.

• The board prioritized candidates with international, B2B, and U.S. market experience, as well as a background in large-scale transformation and family ownership structures.

• The transition aims to reinforce leadership and support the next phase of growth and development.

CEO profile and strategic rationale

• Thierry Delaporte brings extensive international leadership experience across Europe, the U.S., South America, and Asia-Pacific, with a proven track record in transformation, digitalization, and growth.

• At Wipro, he increased sales from $8bn to $11bn, doubled the workforce and market capitalization, and led significant management upgrades.

• His leadership style is described as strategic, operationally disciplined, and client-centric, aligning with company values.

• His background includes financial management, operational transformation, business development, and strategic sales in B2B services.

• Co-founded Life Project 4 Youth, reflecting a commitment to social impact.

Strategic priorities and operational focus

• The company has completed a major transformation, including the spin-off of Pluxee, portfolio rationalization, and a shift to a country-based P&L.

• The next phase will focus on commercial acceleration, operational execution, and unlocking business potential.

• Delaporte is expected to conduct a thorough review and present his strategic diagnosis by spring or June 2026.

• Priorities include strengthening market share, accelerating commercial momentum, and improving operational discipline and margins.

• The new leadership is expected to drive enhanced growth, improve profit margins, and strengthen market share.