THE MANAGERS The two Managers, Florent Menegaux and Yves Chapot, will serve until 2026. They are assisted by the Group Executive Committee. EXECUTIVE COMMITTEE Chaired by Florent Menegaux, the Executive Committee is tasked with two main missions: ■ making the Group’s strategic choices; ■ deciding on such issues as strategic, digital and organizational transformations, the Group’s business model, acquisitions policy, performance management, brand strategies and sustainable growth strategies. THE GROUP MANAGEMENT COMMITTEE In addition to its role in the governance of sustainability matters, the Group Management Committee: ■ leads the Group’s transformations in alignment with its strategic objectives and all-sustainable vision; ■ oversees operational issues relating to competitiveness, the integration of acquisitions and the internal control, quality and risk management processes. To fulfill this remit and ensure optimum representation of the purpose-designed employee empowerment process deployed at every level and in every aspect of the business through: ■ 20 global Business Lines in charge of designing solutions for customers sharing similar expectations, ■ 9 regions responsible for managing customer relationships and increasing sales, ■ 7 Operating Units which provide their expertise and support, ■ 1 lean Corporate Unit with departments focused on their strategic missions. at December 31, 2024 The Group’s strategic and operational management Group’s various units, it includes both the Executive Committee members and executives from: ■ the Corporate Departments for Strategy, Finance, Legal Affairs, Customer Experience, Audit, Quality and Risk Management, and Sustainable Development and Impact, ■ the Operational Departments for Purchasing, Corporate Business Services, Supply Chain and Information Systems, ■ the China and North America Regions. A CUSTOMER-CENTRIC ORGANIZATION Focused on identifying and meeting customer needs, the Michelin organization is supported by a 01 Engaging in regular, constructive dialogue with stakeholders As part of our governance practices, we engage in regular dialogue with stakeholders at the local, national and international levels. In this way, we can keep our fingers on the pulse of society, gain insight into its expectations and how they are changing, and make better informed decisions. Since 2016, the Stakeholders Committee has comprised 12 people representative of the Group’s leading stakeholders, including suppliers, investors, unions, customers and non-governmental organizations (NGOs). It meets with the Executive Committee once a year, for at least a full day, to discuss the Group’s sustainability strategy. The Group’s strategic and operational management Building on a foundation of robust governance The Group’s strategic and operational management 50 2024 UNIVERSAL REGISTRATION DOCUMENT_MICHELIN
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