Our governance is based on principles that contribute to maintaining the balance required for the Virbac group’s performance and successful development.
Separation of powers and collegiality
Since December 2020, we have adopted an organization integrating a general management and a board of directors, today the most common form of governance for French listed companies. This organization meets the desire to establish a balance of power between the executive and supervisory functions. It involves a regular and effective dialogue between the general management and the board of directors, as well as mutual trust.
Collegiality is a key organizational principle in our governance. The operation of these two entities, the board of directors and the general management is based on the search for a position shared by their respective members and on collective decisions, the result of genuine teamwork. This organization guarantees efficiency and responsiveness while being in line with the governance codes in force and in particular the Afep-Medef Code, which we use as a reference to regularly improve our practices in this area.
Committed and experienced management
Our governance is based on focused governing bodies, composed of members with a strong and long-term level of commitment. Their professional experience covers many of the aspects involved in the day-to-day management of a major international group. All but one of the board of directors are senior executives with extensive operational management experience of international companies.
The members of governing bodies, whether the board directors or the general management, are committed to providing sustained support for the group’s long-term strategy. Moreover, the involvement of the board of directors members and the non-voting advisor is not limited to their participation in formal board debates. It also takes the form of regular informal discussions and periodic ad hoc meetings if circumstances so require.
The general management of the company is entrusted to Virbac chief executive officer of the Virbac group, Sébastien Huron. His mission is to assume the strategic and operational management of the Group. He is assisted by two deputy chief executive officers and is supported by a Group executive committee. The general management reports to the board of directors on its strategic choices and results.
The Group executive committee is made up of seven members who work closely together and take decisions on a collegial basis. This encourages joint reflection and teamwork. Whether for the long-term vision or operational needs, exchanges between members of the Group executive committee are frequent, enabling a high level of responsiveness in decision-making.
Chief executive officer, Virbac group
Chief financial officer
and deputy chief executive officer
Head of Global Industrial Operations &
Corporate Quality Assurance and deputy
chief executive officer - qualified person
Head of Global Business
& Business Optimization director
& biological R&D
Head of Corporate Human
The board of directors determines the orientations of the company's activity and supervises their implementation. It ensures the permanent control of the company management led by the general management, and the regular review of the accounts and of all major projects and investments. The board of directors comprises seven members including three independent members:
of the company OJB Conseil
of the company Cyrille Petit Conseil
Permanent representative of the company
Xavier Yon Consulting Unipessoal Lda
The board of directors is supported in its work by two subcommittees, the audit committee and the compensation and appointment committee. It is assisted by a non-voting advisor, Xavier Yon, which has a consultative voice.
The audit committee is responsible for:
It is comprised of Philippe Capron, chairman, Cyrille Petit and Pierre Madelpuech.
COMPENSATION AND APPOINTMENT COMMITTEE
The compensation and appointment committee is responsible for:
It is composed of Marie-Hélène Dick, chairwoman, Olivier Bohuon and Philippe Capron.
Xavier Yon, permanent representative of the company Xavier Yon Consulting Unipessoal Lda.