The tenure of Françoise Bettencourt Meyers, a Director of L'Oréal since 1997, Vice-Chairwoman of the Board of Directors since 2020, and a member of the Strategy and Sustainability, Nominations and Governance, Human Resources and Remuneration Committees, expired at the end of the General Meeting on 29 April 2025.
Françoise Bettencourt Meyers has informed the Board of Directors that she would not request the renewal of her tenure as Director. After 28 years on the Board, she has expressed her desire to ensure the continuity of the Bettencourt Meyers family's commitment to L'Oréal by proposing that the family-owned holding company Téthys join the Board of Directors alongside her two sons, Jean-Victor Meyers and Nicolas Meyers.
Jean-Paul Agon, on behalf of the Board of Directors, warmly thanked Françoise Bettencourt Meyers for her outstanding contribution to L'Oréal's success for nearly three decades, her unwavering commitment, and her constant support to the Group. A guardian of its founding values, she played an essential role in the Group's strategic transformations through her consistently insightful guidance. The Board praised the strong and lasting tie that unites the Bettencourt Meyers family with L'Oréal, which represents an invaluable asset for the Group, both through the presence of Jean-Victor Meyers and Nicolas Meyers, as well as the presence of Téthys.
To replace Françoise Bettencourt Meyers as Vice-Chair of the Board of Directors, the Bettencourt Meyers family proposed the appointment of Jean-Victor Meyers following the General Meeting of 29 April 2025, which the Board of Directors unanimously approved.
The tenure of Virginie Morgon, a Director of L'Oréal since 2013, and Chairwoman of the Audit Committee since 2016, expired at the end of the General Meeting of 29 April 2025. After 12 years on the Board, her term was not submitted for renewal. The Board wished to highlight Virginie Morgon's contributions to the work of the Board and the Audit Committee, particularly her financial expertise. Virginie Morgon has brought to the Board her keen interest in innovation and her constant attention to new consumer trends. The Board thanked her for her commitment and her pro-active involvement in developing a sustainable business model underpinned by economic, environmental and social excellence.
The General Meeting of 29 April 2025 appointed Téthys as a Director for a four-year term.
Téthys, the Bettencourt Meyers family's holding company and the largest shareholder of L'Oréal, is chaired by Françoise Bettencourt Meyers. It is represented on L’Oréal’s Board of Directors by Alexandre Benais, Deputy Chief Executive Officer of Téthys. Alexandre Benais brings to the Board of Directors his recognised financial expertise and long-term strategic vision.
The General Meeting of 29 April 2025 appointed Isabelle Seillier as a Director for a four-year term.
Isabelle Seillier has been Chairwoman of the Supervisory Board of the Fondation pour la Recherche Médicale (FRM, French Foundation for Medical Research) since October 2025, having previously served as the Board's Vice-Chairwoman since May 2024. Prior to that, she led a distinguished career in investment banking at JP Morgan.
Isabelle Seillier brings to the Board her recognised financial expertise and her ability to develop a strategic vision in support of sustainable growth, as well as her deep knowledge of the economic environment across several geographical regions. She also brings her ability to seize new consumer trends, her experience of governance, and her commitment to social responsibility.
The General Meeting of 29 April 2025 appointed Aurélie Jean as a Director for a four-year term.
Aurélie Jean has a doctorate in science, is a graduate of Sorbonne University, ENS Paris Saclay and Mines ParisTech, and trained at the Massachusetts Institute of Technology (MIT).
She works in France and the United States, and is very actively involved in science and applied research.
Aurélie Jean brings to the Board of Directors her recognised expertise in digital and new technologies, particularly in the field of artificial intelligence, as well as in the areas of research and innovation. She also brings an entrepreneurial mindset, her experience of the North American market and her commitment to diversity and inclusion.
