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2016-01-08T00:00:00.000Z

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Soficot

Background Information

Affiliations

Board Member
Veolia Environnement company

Board Member
Research Bank

Board Member
EIFFAGE company

Board Member
VINCI

Web References (39 Total References)


The tasty cuisine of Serge Michel | ECGS

www.ecgs.net [cached]

The tasty cuisine of Serge Michel

President of Soficot, owner of Ledoyen, former CEO of Saint Gobain Public Works division and then of the SGE, a notorious Director within the French blue chips, Serge Michel shows remarkable resilience. Serge Michel is 82 years old but ageing does not seem to affect his appetite nor his friendship and networking skills. Indeed, he received €1,840,000 during the year for his valuable advice to Mr Jean-François Roverato, President of the listed company Eiffage. No explanation has been provided regarding the payment. Although we have to recognise that succession planning matters are marvellously handled at Eiffage, where Serge Michel is a non-executive director and the chairman of the nomination-remuneration committee, would it not be simpler for Jean-François Roverato to tell shareholders that the acquisition and the restructuring of Clemessy (representing 6,000 employees) from Veolia was achieved with the help of Soficot?
...
On the board of Vinci, Serge Michel had protected his friend Zacharias for a long time, and in the process he gained the title of Honorary President. Under Zacharias, Mr Michel was paid €250,000 for attendance fees but his budget later increased. As star chef taking care of clients as well as of the management in the Rueil-Malmaison company's restaurant he invoiced €338,330 for fixed fees and a total of €602,338 (excluding VAT) in 2009. On the board of Veolia Environnement, his friendship with EDF chairman & CEO, Henri Proglio is tangible: as the Chairman of the nomination-remuneration committee (yes, again), Mr Michel has amended remuneration criteria in March 2009 for Henri Proglio resulting in an increase of Mr Proglio's incentive remuneration of more than 130%.
...
Serge Michel surely deserved €552,000 per year for consultancy services.


The tasty cuisine of Serge ...

www.ecgs.net [cached]

The tasty cuisine of Serge Michel

President of Soficot, owner of Ledoyen, former CEO of Saint Gobain Public Works division and then of the SGE, a notorious Director within the French blue chips, Serge Michel shows remarkable resilience. Serge Michel is 82 years old but ageing does not seem to affect his appetite nor his friendship and networking skills.


The board of Directors | Veolia

www.veolia.com [cached]

Serge Michel (87)

...
Serge Michel has spent his entire career in the construction and public works sector, serving as Executive Vice President of Compagnie de Saint-Gobain, Chairman of Socea, Chairman of SGE until 1991 and Chairman of CISE until 1997. He was Executive Vice President of Compagnie Générale des Eaux until 1992. Mr. Michel is currently President of Soficot, a business management and investment consulting company he founded in 1997. Mr. Michel has been a member of the Veolia Board of Directors since April 30, 2003.
...
Serge Michel
...
Serge Michel


The tasty cuisine of Serge Michel | ECGS

www.ecgs.com [cached]

The tasty cuisine of Serge Michel

President of Soficot, owner of Ledoyen, former CEO of Saint Gobain Public Works division and then of the SGE, a notorious Director within the French blue chips, Serge Michel shows remarkable resilience. Serge Michel is 82 years old but ageing does not seem to affect his appetite nor his friendship and networking skills. Indeed, he received €1,840,000 during the year for his valuable advice to Mr Jean-François Roverato, President of the listed company Eiffage. No explanation has been provided regarding the payment. Although we have to recognise that succession planning matters are marvellously handled at Eiffage, where Serge Michel is a non-executive director and the chairman of the nomination-remuneration committee, would it not be simpler for Jean-François Roverato to tell shareholders that the acquisition and the restructuring of Clemessy (representing 6,000 employees) from Veolia was achieved with the help of Soficot?
...
On the board of Vinci, Serge Michel had protected his friend Zacharias for a long time, and in the process he gained the title of Honorary President. Under Zacharias, Mr Michel was paid €250,000 for attendance fees but his budget later increased. As star chef taking care of clients as well as of the management in the Rueil-Malmaison company's restaurant he invoiced €338,330 for fixed fees and a total of €602,338 (excluding VAT) in 2009. On the board of Veolia Environnement, his friendship with EDF chairman & CEO, Henri Proglio is tangible: as the Chairman of the nomination-remuneration committee (yes, again), Mr Michel has amended remuneration criteria in March 2009 for Henri Proglio resulting in an increase of Mr Proglio's incentive remuneration of more than 130%.
...
Serge Michel surely deserved €552,000 per year for consultancy services.


The tasty cuisine of Serge ...

www.ecgs.com [cached]

The tasty cuisine of Serge Michel

President of Soficot, owner of Ledoyen, former CEO of Saint Gobain Public Works division and then of the SGE, a notorious Director within the French blue chips, Serge Michel shows remarkable resilience. Serge Michel is 82 years old but ageing does not seem to affect his appetite nor his friendship and networking skills.

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