Sodexo CEO Landel to Retire, Machuel Named Successor

"Denis Machuel knows all our businesses very well. He has an international profile and also a digital expertise, which is crucial today," Landel told Reuters.

Michel Landel, Chief Executive Officer of French catering-to-vouchers group Sodexo, poses prior to a news conference on the groups annual results in Paris, France, November 17, 2016. / REUTERS

(Reuters) — French catering-to-vouchers group Sodexo (No. 6 on the DiversityInc Top 50 Companies list ) said on May 30 that digital boss Denis Machuel would replace veteran Chief Executive Michel Landel, who is retiring in January 2018.


To ensure a smooth transition, Machuel, 53, who also heads Sodexo's benefits and rewards business, will become deputy CEO as of Sept. 1, and work alongside Landel, added Sodexo.

Landel, 65, will retain full responsibility for Sodexo's strategy and management until he steps down at the annual shareholders meeting on Jan. 23, 2018. He will also stay on the board of directors until January 2020.

"Denis Machuel knows all our businesses very well. He has an international profile and also a digital expertise, which is crucial today. He is well armed to take the group forward," Landel told Reuters, adding he had been preparing his succession for several years.

Sodexo, founded in 1966, operates in 80 countries and has a stock market value of 18.5 billion euros ($21 billion). It is the world's second-biggest catering services company after Compass Group (CPG.L).

Sodexo manages canteens and facilities for office workers, armed forces, schools, hospitals and prisons, and also supplies vouchers for meals and gifts. Its clients range from the Royal Ascot Racecourse in England to the U.S. Marine Corps.

SOLID GROWTH AT MACHUEL'S REWARDS UNIT

Landel, who joined Sodexo in 1984 and became CEO in 2005, oversaw Sodexo's transformation and expansion into a group with sales of over 20 billion euros and 425,000 employees.

"Under his leadership the group's revenue grew more than 70 percent, our operating profit has more than doubled, net profit more than tripled and the share price was multiplied by four," Sodexo Chairwoman Sophie Bellon said.

Under Landel, Sodexo started to focus more on the faster-growing facilities management services area, compared to its core catering business. The main catering part now makes 70 percent of revenue against 80 percent in 2005.

Sodexo has also expanded in emerging markets and in the benefits and rewards businesses, which issue pre-paid vouchers and cards to employees on behalf of their employers.

The 'Benefits & Rewards' arm, which Machuel has led since 2012, contributes 4 percent of group sales but makes 20 percent of operating profit.

While its growth in Latin America has been affected by a recent recession in Brazil, Machuel told Reuters that Sodexo nevertheless remained "very confident on Brazil medium-term."

Machuel, who joined Sodexo in 2007, has worked in France, Britain, Egypt and the United States. He has been a member of the Sodexo's executive committee since 2014 and became Sodexo's Chief Digital Officer in January 2015.

Read more news @ DiversityInc.com

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Originally Published by Sodexo.

Sodexo, a food and facilities management company committed to delivering Quality of Life services, announced that its Lair Marketplace at Loyola Marymount University earned over 400 GreenPoints™ on the Green Restaurant Association (GRA) certification scale, making it the first University dining facility to achieve this honor.

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Originally Published by Sodexo.

Candidates who meet me now may not know my background (unless they visit my LinkedIn profile, of course), and while I am currently a Strategic Recruiter for Sodexo's Clinical Technology Management opportunities, I spent around 20 years in the field as a Biomed myself!

From what I've found, many people aren't sure what a Biomed career consists of - or sometimes they don't even realize it exists.

In a nutshell, biomedical equipment technicians, also called biomedical engineers, biomeds or BMETs for short, hold a critical position in filling the gap between medicine and technology. They make it possible for medical staff to use state of the art medical devices, providing the highest level of patient care.

So how did I end up there? In high school, I loved math and science, and it seemed to promise real opportunities for our changing world. This was when I discovered biomedical engineering, which combined my two passions - medicine and fixing things.

Unfortunately, there are some young girls who still grow up thinking that engineering and science aren't meant for women, so it is important to me to show that women can thrive in the world of engineering (or in any career they choose). Because of this, I have chosen to share my personal career path and experiences with the students at my daughter's local high school and with you on this blog.

Today, gender equality and diversity is just as important as ever. Imagine the great advances that could occur in engineering if men and women were working together more often to solve problems. While women have fought to win the rights that we have today, the battle is not over, particularly in the fields of science, technology, engineering and math (STEM), where women are still significantly underrepresented.

In my current role, I have the great opportunity to search the country for Healthcare Technology Management professionals and hope that I can use my position to inspire more women to consider the field from an early age.

For those who may be interested in learning more about Sodexo and the jobs we have available, I highly recommend attending in person events, like the upcoming AAMI Conference & Convention, where Sodexo Clinical Technology Management operators and recruiters will be there in person to answer your questions and help you get to know our company better.

In the meantime, head over to our dedicated career page to read stories from both men and women in the Sodexo CTM organization and find out how you can become part of the team.