Pallez’s Leadership Continues: FDJ Shareholders Affirm Role
Shareholders Rally Behind FDJ’s Financial Foresight
In a pivotal assembly on April 25, La Francaise des Jeux (FDJ) convened its Annual and Extraordinary General Meeting. Here, stakeholders, present physically or virtually, cast their votes on pressing company matters.
Personnel Decisions Shape FDJ’s Future
The summit’s agenda included pivotal personnel decisions. David Chianese emerged as the new voice for employee shareholders. Moreover, the assembly saw the reappointment of four pivotal directors, including Stéphane Pallez as Chairwoman and CEO, alongside three legal directors.
Auditors Ascend: Deloitte & PwC to Oversee FDJ
In a strategic move, shareholders entrusted Deloitte & Associates and PricewaterhouseCoopers with the company’s audit responsibilities.
Financial Fortitude: Shareholders Endorse FDJ’s Fiscal Reports
The gathering also sanctioned the parent company and consolidated financial statements for 2023. Additionally, the distribution of earnings was approved, with a dividend of €1.78 ($1.91) per share, payable from May 7.
Compensation and Policy: A Unanimous Nod
Last year’s compensation items received the green light, alongside the 2024 compensation policy. The Board of Directors also gained financial authorization for various operations.
Share Buyback Strategy: A Vote of Confidence
The new share buyback program, initially filed in March 2024, received a vote of confidence. This program aligns with the operator’s 17th resolution and ensures the continuation of FDJ’s liquidity agreement with Exane.
Kindred Acquisition: A Strategic Move Unfolds
Though not highlighted in the meeting report, FDJ’s ongoing acquisition of Kindred, official since February, marks a strategic expansion. Our exclusive March interview with Pallez sheds light on this development.
