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Governance evolution at FRAIKIN Group

FRAIKIN today announces that Group CEO, M. Pierre-Louis COLIN, has decided together with the Board of Directors, to step down from his role at the head of FRAIKIN.

 

The Board of Directors has appointed its current Chairman, M. Philippe MELLIER as CEO of FRAIKIN and decided to begin a search process for a new Group CEO to be appointed in due course. Philippe MELLIER had been appointed Chairman of the Board in November 2018 and has been involved in building the Group’s ambitious transformation plan.

 

About Philippe MELLIER

Philippe MELLIER began his career with Ford Motor Company, where he held various executive positions in France, Portugal, New Zealand and Mexico before being appointed Executive Vice-President Marketing, Sales & Services for Ford of Europe. In 1999, he joined the Renault Group as Sales and Marketing Director for Europe, then Chairman and CEO of Renault Trucks and Member of the Executive Committee of Volvo AB. In 2003, Philippe MELLIER was appointed President of Alstom Transport and then became Executive Vice-President of the Alstom Group. He was appointed Chief Executive Officer of De Beers, the world leader in diamonds in 2011, a position he held until 2016. He joined the FRAIKIN Group in 2018 as Chairman of the Supervisory Board. Philippe MELLIER graduated from ENSTA and hold an MBA from INSEAD.

 

Pierre-Louis COLIN declared: “I really feel proud of what FRAIKIN achieved during these last 4 years, strengthening its position in Europe as the leader of the truck operational leasing. Time has come now for new challenges to be faced, and to write a new chapter of FRAIKIN’s history. I’m happy to see the company in Philippe MELLIER’s excellent hands.”

Philippe MELLIER declared: “As CEO of FRAIKIN, Pierre-Louis COLIN has achieved an exceptional work. I will continue to build on these great achievements during my transition period as CEO until the Board has found a new leader for the Company. I know I can rely on each of you to make this new chapter a successful one, leveraging on our strong positions and European leadership.”

 

About FRAIKIN

With seventy years’ experience and €683M turnover in 2017, the FRAIKIN Group, a leading European industrial, utility and commercial vehicle rental company, has the largest multi-brand and multi-functional vehicle fleet (58,000 vehicles) and the largest dedicated and integrated network with 180 branches across Europe (France, Germany, Belgium, Luxembourg, United Kingdom, Spain, Switzerland, Poland, the Czech Republic, Slovakia, Hungary, the Netherlands, Italy and Russia), as well as in Saudi Arabia. Much more than a rental company, with its 2,800 employees, FRAIKIN supports its customers in defining solutions adapted to their requirements and demonstrates know-how that always satisfies their need for responsiveness and flexibility. www.FRAIKIN.com

 

Press Contact

Anne-France Malrieu, Image 7

+33689876118

afmalrieu@image7.fr

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