Paris: Serge Kampf, founder and chairman of Capgemini S.A., is to step down from his post next month when the firm reintegrates the roles of chairman and CEO; current CEO Paul Hermelin will take on the new role as Président Directeur Général.
Kampf told the Capgemini board of his decision not to complete his time as chairman last week, and the board agreed to:
- revert to a reunified governance in which the functions of Chairman of the Board of Directors and of CEO are held by the same person,
- appoint as Président Directeur Général the current CEO, Paul Hermelin.
In a statement, Serge Kampf pointed out that, "this set of decisions comes at the end of a transition process which was launched exactly 10 years ago, a validation period of a rather exceptional duration but which enabled the Group to grow and to comfort (sic) its position of world leader thanks to the remarkable alignment which was the hallmark during all these years of the relations between the Chairman and the CEO."
The change of governance of Capgemini is in effect a reversion to the classical French formula of a Président Directeur Général .
The Capgemini saluted Serge Kampf's "immense contribution, founder (in 1967), leader and inspirer of the Group during 45 years, by the solemn bestowing of the title of Honorary Chairman of the Capgemini and appointing him vice-Chairman of the Board of Directors."