Nicolas Notebaert, Chief Executive Officer of Concessions at VINCI, also serves as Chairman of VINCI Concessions, VINCI Airports and VINCI Autoroutes.
Christian Labeyrie, Executive Vice-President of VINCI, also serves as the Group’s Chief Financial Officer. Apart from his leadership of the Group’s Finance Department, he oversees the activities of VINCI Assurances, VINCI Re, VINCI Immobilier and the Information Systems Department.
The Management and Coordination Committee is composed of the members of the Executive Committee, together with the key operational and functional senior executives of the Group’s main companies, and had 80 members at 1 March 2026. Its purpose is to ensure broad consultation on VINCI’s strategy and development as well as on cross-cutting policies within the Group. The Management and Coordination Committee met three times in 2025.
At the close of the Shareholders’ General Meeting of 17 April 2025, Yannick Assouad no longer officially met the independence criteria recommended by the Afep-Medef code, having been a Board member for more than 12 years, and thus was no longer able to serve as Lead Director. Given that good governance practices call for the appointment of an independent director to serve as Lead Director when the Chairman of the Board cannot be considered independent, the Board appointed Annette Messemer as Lead Director at its meeting of 17 April 2025, held immediately following the Shareholders’ General Meeting, to serve in this position until the end of her term of office as Director.
The purpose of the position of Lead Director is to have a Board member who can serve as a point of contact distinct from the Chairman of the Board and who also has the personal powers necessary to guarantee the Board’s responsiveness in all circumstances. In accordance with the Board’s internal rules, the Lead Director is authorised to request the addition of any item to the agenda of a Board meeting or ask the Chairman to call a Board meeting.
The Lead Director has the duties and responsibilities set forth in the Board’s internal rules, which are reiterated in paragraph 2.1 above.
Ms Messemer, who has also chaired the Appointments and Corporate Governance Committee since 17 April 2025, has drawn up a joint report with Yannick Assouad, who served as Lead Director from 1 January to 17 April 2025, on the performance of their duties in 2025 (see the Report of the Lead Director of the Board of Directors, page 334).
