2023 universal registration document

1. Presentation of the Group – Integrated Report

COMPOSITION OF THE BOARD AT 31 DECEMBER 2023

At 31 December 2023

Chairman

Mr. Jean-Paul Agon

Age : 67

Female/Male : M

Nationality : French

No. of directorships in listed companies Number of directorships (excluding L’Oréal) held in listed companies, including foreign companies, in accordance with the provisions of Article 20 of the AFEP-MEDEF Code (i.e. excluding directorships held in subsidiaries and affiliates, held alone or in concert, by an executive corporate officer of companies whose main activity is to acquire and manage such affiliates).: 0

Independence : no

Initial appointment date : 25/04/2006

Expiry date of term office (AGM) : 2026

Seniority on the Board (years) : 17

Board Committees

Strategy and Sustainability : Chairman of the Committee C

Chief Executive Officer

Mr. Nicolas Hieronimus

Age : 59

Female/Male : M

Nationality : French

No. of directorships in listed companies Number of directorships (excluding L’Oréal) held in listed companies, including foreign companies, in accordance with the provisions of Article 20 of the AFEP-MEDEF Code (i.e. excluding directorships held in subsidiaries and affiliates, held alone or in concert, by an executive corporate officer of companies whose main activity is to acquire and manage such affiliates).: 0

Independence : no

Initial appointment date : 20/04/2021

Expiry date of term office (AGM) : 2025

Seniority on the Board (years) : 2

Board Committees

Françoise Bettencourt Meyers and her family

Ms Françoise Bettencourt Meyers

Vice-Chair

Age : 70

Female/Male : W

Nationality : French

No. of directorships in listed companies Number of directorships (excluding L’Oréal) held in listed companies, including foreign companies, in accordance with the provisions of Article 20 of the AFEP-MEDEF Code (i.e. excluding directorships held in subsidiaries and affiliates, held alone or in concert, by an executive corporate officer of companies whose main activity is to acquire and manage such affiliates).: 0

Independence : no

Initial appointment date : 12/06/1997

Expiry date of term office (AGM) : 2025

Seniority on the Board (years) : 26

Board Committees

Strategy and Sustainability : Member of the Committee

HR and Remuneration : Member of the Committee 

Nominations and Governance : Member of the Committee

Françoise Bettencourt Meyers and her family

Mr. Jean-Victor Meyers

Age : 37

Female/Male : M

Nationality : French

No. of directorships in listed companies Number of directorships (excluding L’Oréal) held in listed companies, including foreign companies, in accordance with the provisions of Article 20 of the AFEP-MEDEF Code (i.e. excluding directorships held in subsidiaries and affiliates, held alone or in concert, by an executive corporate officer of companies whose main activity is to acquire and manage such affiliates).: 0

Independence : no

Initial appointment date : 13/02/2012

Expiry date of term office (AGM) : 2024

Seniority on the Board (years) : 11

Board Committees

Strategy and Sustainability : Member of the Committee 

Françoise Bettencourt Meyers and her family

Ms. Nicolas Meyers

Age : 35

Femme/Homme : M

Nationality : French

No. of directorships in listed companies Number of directorships (excluding L’Oréal) held in listed companies, including foreign companies, in accordance with the provisions of Article 20 of the AFEP-MEDEF Code (i.e. excluding directorships held in subsidiaries and affiliates, held alone or in concert, by an executive corporate officer of companies whose main activity is to acquire and manage such affiliates).: 0

Independence : no

Initial appointment date : 30/06/2020

Expiry date of term office (AGM) : 2024

Seniority on the Board (years) : 3

Board Committees

Audit : Member of the Committee

Directors linked to Nestlé

Mr. Paul BulckeMr Paul Bulcke was a Director of L’Oréal from 2012 to June 2014 and then again since 2017.

Vice-Chairman

Age : 69

Female/Male : M

Nationality : Belgian Swiss

No. of directorships in listed companies Number of directorships (excluding L’Oréal) held in listed companies, including foreign companies, in accordance with the provisions of Article 20 of the AFEP-MEDEF Code (i.e. excluding directorships held in subsidiaries and affiliates, held alone or in concert, by an executive corporate officer of companies whose main activity is to acquire and manage such affiliates).: 1

Independence : no

Initial appointment date : 20/04/2017

Expiry date of term office (AGM) : 2025

Seniority on the Board (years) : 6

Board Committees

Strategy and Sustainability : Member of the Committee

HR and Remuneration : Member of the Committee 

Nominations and Governance : Member of the Committee

Directors linked to Nestlé

Ms Béatrice Guillaume-Grabisch

Age : 59

Female/Male : W

Nationality : French

No. of directorships in listed companies Number of directorships (excluding L’Oréal) held in listed companies, including foreign companies, in accordance with the provisions of Article 20 of the AFEP-MEDEF Code (i.e. excluding directorships held in subsidiaries and affiliates, held alone or in concert, by an executive corporate officer of companies whose main activity is to acquire and manage such affiliates).: 0

Independence : no

Initial appointment date : 20/04/2016

Expiry date of term office (AGM) : 2024

Seniority on the Board (years) : 7

Board Committees

Audit : Member of the Committee 

Independent Directors

Ms Sophie Bellon

Age : 62

Female/Male : W

Nationality : French

No. of directorships in listed companies Number of directorships (excluding L’Oréal) held in listed companies, including foreign companies, in accordance with the provisions of Article 20 of the AFEP-MEDEF Code (i.e. excluding directorships held in subsidiaries and affiliates, held alone or in concert, by an executive corporate officer of companies whose main activity is to acquire and manage such affiliates).: 1

Independence :

Initial appointment date : 22/04/2015

Expiry date of term office (AGM) : 2027

Seniority on the Board (years) : 8

Board Committees

HR and Remuneration : Chairman of the Committee C

Nominations and Governance : Member of the Committee

Independent Directors

Mr. Patrice Caine

Age : 53

Female/Male : M

Nationality : French

No. of directorships in listed companies Number of directorships (excluding L’Oréal) held in listed companies, including foreign companies, in accordance with the provisions of Article 20 of the AFEP-MEDEF Code (i.e. excluding directorships held in subsidiaries and affiliates, held alone or in concert, by an executive corporate officer of companies whose main activity is to acquire and manage such affiliates).: 1

Independence :

Initial appointment date : 17/04/2018

Expiry date of term office (AGM) : 2026

Seniority on the Board (years) : 5

Board Committees

Strategy and Sustainability : Member of the Committee 

Nominations and Governance : Chairman of the Committee C

Independent Directors

Ms Fabienne Dulac

Age : 56

Female/Male : W

Nationality : French

No. of directorships in listed companies Number of directorships (excluding L’Oréal) held in listed companies, including foreign companies, in accordance with the provisions of Article 20 of the AFEP-MEDEF Code (i.e. excluding directorships held in subsidiaries and affiliates, held alone or in concert, by an executive corporate officer of companies whose main activity is to acquire and manage such affiliates).: 1

Independence :

Initial appointment date : 18/04/2019

Expiry date of term office (AGM) : 2027

Seniority on the Board (years) : 4

Board Committees

Audit : Member of the Committee 

HR and Remuneration : Member of the Committee ●

Independent Directors

Ms Belén Garijo

Age : 63

Female/Male : W

Nationality : French

No. of directorships in listed companies Number of directorships (excluding L’Oréal) held in listed companies, including foreign companies, in accordance with the provisions of Article 20 of the AFEP-MEDEF Code (i.e. excluding directorships held in subsidiaries and affiliates, held alone or in concert, by an executive corporate officer of companies whose main activity is to acquire and manage such affiliates).: 2

Independence :

Initial appointment date : 17/04/2014

Expiry date of term office (AGM) : 2026

Seniority on the Board (years) : 9

Board Committees

HR and Remuneration : Member of the Committee 

Independent Directors

Mme Ilham Kadri

Age : 54

Female/Male : W

Nationality : French Maroccan

No. of directorships in listed companies Number of directorships (excluding L’Oréal) held in listed companies, including foreign companies, in accordance with the provisions of Article 20 of the AFEP-MEDEF Code (i.e. excluding directorships held in subsidiaries and affiliates, held alone or in concert, by an executive corporate officer of companies whose main activity is to acquire and manage such affiliates).: 2

Independence :

Initial appointment date : 30/06/2020

Expiry date of term office (AGM) : 2024

Seniority on the Board (years) : 3

Board Committees

Audit : Member of the Committee ●

 

Independent Directors

Ms Virginie Morgon

Age : 54

Female/Male : F

Nationality : French

No. of directorships in listed companies Number of directorships (excluding L’Oréal) held in listed companies, including foreign companies, in accordance with the provisions of Article 20 of the AFEP-MEDEF Code (i.e. excluding directorships held in subsidiaries and affiliates, held alone or in concert, by an executive corporate officer of companies whose main activity is to acquire and manage such affiliates).: 0

Independence : no

Initial appointment date : 26/04/2013

Expiry date of term office (AGM) : 2025

Seniority on the Board (years) : 10

Board Committees

Audit : Chairman of the Committee C

Independent Directors

Mr. Alexandre Ricard

Age : 51

Female/Male : M

Nationality : French

No. of directorships in listed companies Number of directorships (excluding L’Oréal) held in listed companies, including foreign companies, in accordance with the provisions of Article 20 of the AFEP-MEDEF Code (i.e. excluding directorships held in subsidiaries and affiliates, held alone or in concert, by an executive corporate officer of companies whose main activity is to acquire and manage such affiliates).: 1

Independence :

Initial appointment date : 20/04/2021

Expiry date of term office (AGM) : 2025

Seniority on the Board (years) : 2

Board Committees

Strategy and Sustainability : Member of the Committee 

 

Directors representing employees

Mr. Thierry Hamel

Age : 69

Female/Male : M

Nationality : French

No. of directorships in listed companies Number of directorships (excluding L’Oréal) held in listed companies, including foreign companies, in accordance with the provisions of Article 20 of the AFEP-MEDEF Code (i.e. excluding directorships held in subsidiaries and affiliates, held alone or in concert, by an executive corporate officer of companies whose main activity is to acquire and manage such affiliates).: 0

Independence : no

Initial appointment date : 21/04/2022

Expiry date of term office (AGM) : 2026

Seniority on the Board (years) : 1

Board Committees

HR and Remuneration : Member of the Committee 

Directors representing employees

Mr. Benny de Vlieger

Age : 59

Female/Male : M

Nationality : French

No. of directorships in listed companies Number of directorships (excluding L’Oréal) held in listed companies, including foreign companies, in accordance with the provisions of Article 20 of the AFEP-MEDEF Code (i.e. excluding directorships held in subsidiaries and affiliates, held alone or in concert, by an executive corporate officer of companies whose main activity is to acquire and manage such affiliates).: 1

Independence :

Initial appointment date : 21/04/2022

Expiry date of term office (AGM) : 2024

Seniority on the Board (years) : 1

Board Committees

Strategy and Sustainability : Member of the Committee

 

57,8 YEARS

average age of Directors

50 %

independent DirectorsExcluding Directors representing the employees in accordance with the French Commercial Code (Code de commerce) and the AFEP-MEDEF Code.

50 %

female DirectorsExcluding Directors representing the employees in accordance with the French Commercial Code (Code de commerce) and the AFEP-MEDEF Code.

50 %

male DirectorsExcluding Directors representing the employees in accordance with the French Commercial Code (Code de commerce) and the AFEP-MEDEF Code.