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 and the Nominating Committee, with Bellon family participation.

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

• Gilles Pélisson will become Lead Independent Director, succeeding Luc Messier, as part of ongoing governance best practices.

• The board sought a leader with international, U.S., and B2B experience, transformation track record, and familiarity with family ownership structures.

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

CEO profile and credentials

• Thierry Delaporte brings extensive international leadership experience across Europe, the U.S., South America, and Asia-Pacific.

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

• Delaporte led significant growth and transformation at Wipro, increasing sales from $8B to $11B, doubling market cap, and improving profitability.

• M&A experience was a factor in his selection, supporting future growth opportunities.

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

Strategic priorities and transformation

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

• Focus now shifts to commercial acceleration, operational execution, and unlocking business potential.

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

• Strengthening market share, accelerating commercial momentum, and improving operational discipline are key board expectations.

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