Nexity: new governance structure

(CercleFinance.com) - Nexity announced on Friday that it will be adopting a new corporate governance structure, with the aim of taking advantage of the rebound in the real estate cycle that is taking shape with the fall in interest rates.


The group explains that this organisation aims to support the operational implementation of its multi-product, territorial developer-developer-operator model.

In detail, the General Management Committee will be responsible for steering the deployment of the strategic roadmap, as well as the company's transformation plan towards a more "agile" organisation.

It will comprise five members, including CEO Véronique Bédague and Deputy CEO Jean-Claude Bassien.

In addition, an enlarged General Management Committee - comprising 26 members - will be tasked with executing the objectives of the
strategic roadmap, monitoring operational transformation projects and sharing the information necessary for the smooth running of the company.

Nexity says that it aims to rely on operational managers and their teams throughout France.

The company also announces that its legal director, Stéphanie Le Coq de Kerland, will be leaving the company after more than 12 years with the group, to be replaced by Bruno Saldarkhan, the current legal director of the residential development division.

Following these announcements, Nexity shares were up 0.8% on Friday morning on the Paris stock exchange. Buoyed by the prospect of lower interest rates, the share price has recovered more than 28% over the past six months.


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