ORPEA strengthens its management team with the appointment of Laurent Lemaire as Managing Director, Finance & Administration
PUTEAUX, France – (COMMERCIAL THREAD) – Regulatory news:
The ORPEA Group (Paris: ORP), world leader in EHPAD (EHPAD, EHPAD, Resuscitation, Rehabilitation and Mental Health Hospitals, Home Care Services), today announces the strengthening of its general management with the appointment of Laurent Lemaire as Executive Vice-President Finance and Administration.
Creation of the position of EVP Finance and Administration to complete an organization focused on accelerating value creation
To cope with its new phase of international development, ORPEA has set up a new organization based on geographic areas (Chief Executive Officer, Chief Financial Officer and Deputy Chief Executive Officer) and administrative headquarters which bring together all support functions. . At the same time, the Group has strengthened its Corporate teams in order to develop benchmarks, support local teams and coordinate the implementation of its strategy.
ORPEA completes this organization with the creation of the post of DPE Finance and Administration with the aim of coordinating the financial management teams in all regions, optimizing financial and real estate policies and strengthening general management.
Laurent Lemaire appointed Deputy Managing Director, Finance and Administration
This position will be occupied by Laurent Lemaire, who is joining the Group and will assist Chief Executive Officer Yves Le Masne in the deployment and financial structuring of the value creation strategy.
Laurent Lemaire will actively contribute to the implementation of the Group’s international expansion strategy while ensuring active balance sheet management to increase returns on investment. Consequently, Laurent’s role will be transversal since he will coordinate and manage all aspects of financial management as well as real estate, legal, IT and purchasing strategy. He will also animate the community of CFOs.
Laurent will bring his experience to the definition and implementation of the company’s strategic vision, relying on the current teams who have accumulated several decades of experience. He will be notably in charge of optimizing balance sheet management, where he will be able to rely on Sébastien Mesnard, Group Finance and Accounting Director.
Laurent Lemaire will be appointed to the Group’s Executive Committee.
Laurent Lemaire, more than 30 years of experience in financial management
A graduate of ESSEC, Laurent Lemaire began his career at Danone where he spent nearly 20 years in various financial functions (planning, financial engineering, investor relations and CFO). In 2007, he joined the listed group Steria where he spent nine years, first as Chief Financial Officer, Legal, Purchasing, IT & Transformation then as Group Chief Financial Officer as part of the merger with Sopra. In 2016, he joined Korian as Group Administrative and Financial Director. Finally, Laurent Lemaire has been the Financial Director of the Idemia Group for three years, the world leader in identity management and secure transactions and an LBO company.
Laurent Lemaire has thus developed solid financial expertise in listed companies with a strong international presence, and also brings his experience in the corporate sector.
Laurent Lemaire, EVP Finances and Administration, commented:
“I am extremely happy to join the ORPEA Group and its team, whose quality is recognized in the sector. I would like to thank the senior management team and the board of directors for their confidence. I will put all my experience at the service of accelerating the dynamic of profitable growth internationally. ORPEA is fully in line with my aspirations: a group with a strong culture, competent teams, a unique real estate strategy and a marked acceleration in international growth.
Yves Le Masne, CEO of ORPEA, declared:
“Laurent’s appointment will allow ORPEA to amplify and consolidate its efforts to accelerate its international growth and optimize returns on investments by implementing its real estate and financing strategy. Laurent shares strong common values with the Group and will allow us to calmly implement our 10-year outlook by coordinating the Finance, Real Estate, IT, Legal and Purchasing departments. On behalf of the Group Executive Committee, I wish him the warmest of welcomes.
Coming press release: 2021 turnover
February 8, 2022 after market close
About ORPEA (www.orpea-corp.com)
Created in 1989, ORPEA is one of the world leaders in comprehensive dependency care, with a network of 1,156 establishments comprising 116,514 beds (including 26,359 under construction) in 23 countries, divided into five zones geographic:
– France Benelux: 586 establishments / 49,207 beds (including 5,672 under construction)
– Central Europe: 268 establishments / 28,419 beds (including 5,828 under construction)
– Eastern Europe: 142 establishments / 15,255 beds (including 4,101 under construction)
– Iberian Peninsula / Latin America: 158 establishments / 23,108 beds (including 10,373 under construction)
– Rest of the world: 2 establishments / 525 beds (including 385 under construction)
ORPEA is listed on Euronext Paris (ISIN code: FR0000184798) and is a member of the SBF 120, STOXX 600 Europe, MSCI Small Cap Europe and CAC Mid 60 indices.