Our Leadership


 

Meet IBL’s Directors and Executive Team

Board of Directors

 

IBL’s Board of Directors oversees the group’s strategy, monitors its performance and ensures the group complies with the highest standards of corporate governance. It is responsible for ensuring that IBL is able to sustainably create value in the long term.

 

The Board meets at least four times a year. It consists of seven non-executive directors and four independent directors. It is governed by the Charter available below.

Board Committees


 

Three standing committees assist the Board of Directors with its duties:

 

  • An Audit and Risk Committee
  • A Corporate Governance Committee, including a Nomination & Remuneration Subcommittee
  • A Strategic Committee

 

Each committee’s remit is defined in the Terms of Reference agreed by the Board and available for download below.

  • Strategic Committee

    The Strategic Committee advises the Board on IBL’s strategy. It also assists the Board with assessing and negotiating strategic transactions.

    Composition

    Pierre Guénant (Chairperson)

    Jan Boullé

    Yann Duchesne

    Arnaud Lagesse

    Thierry Lagesse

    Gilles Michel

    Jean Ribet

  • Audit and Risk Committee

    The Audit and Risk Committee is responsible for overseeing and monitoring the group’s approach to risk.

    Composition

    Tharangany (San) Singaravelloo (Chairperson)

    Maxime Rey

    Jason Harel

    Thierry Lagesse
     

    It is also responsible for the integrity of the group’s financial statements, the effectiveness of its internal financial controls, and the performance and objectivity of its internal and external auditors.

    View the Terms of Reference for the Audit and Risk Committee (PDF, 287.51 KB)
  • Corporate Governance Committee

    The Corporate Governance Committee is responsible for ensuring that IBL complies with the principles of the Code of Corporate Governance.

    Composition

    Gilles Michel (Chairperson)

    Jan Boullé

    Thierry Lagesse

    Jean Ribet

    Arnaud Lagesse

    Its remuneration functions have been delegated to the Remuneration Sub-Committee.

    View the Terms of Reference for the Corporate Governance Committee (PDF, 1012.79 KB)
  • Remuneration Subcommittee

    The Remuneration Subcommittee establishes employment agreements with IBL’s Executive Directors and Market Unit Managing Directors, including their salaries, incentives and benefits.

    Composition

    Marc Freismuth (Chairperson)

    Jan Boullé

    Jean Ribet

Executive Team

 

IBL’s Executive Team is responsible for overseeing the group’s business operations and delivering its strategies.

Jean Pierre Lagesse at IBL group

Jean-Pierre Lagesse


Non-Executive Director


Citizen and Non-resident of Mauritius
Appointed: 01/07/2015

 

Skills & Experience

Jean-Pierre Lagesse is a specialist in property investment, development, asset enhancement and portfolio management in London as partner of 10 Ant Group since 2007 and is responsible for the purchase and redevelopment of real estate, He has more than 20 years of experience in the sector, in Europe and Africa.

 

Qualifications

  • MBA from Cramfield School of Management – UK

 

External appointments

  • None.

 

Core competences:

  • Property development, Real Estate
Martine de Fleuriot de la Colinière at IBL group

Martine de Fleuriot de la Colinière


Non-Executive Director


Citizen and Resident of Mauritius
Appointed: 12/11/2016

Skills & Experience

Martine de Fleuriot heads the Commercial, Corporate and Banking department of ENSafrica (Mauritius), one of the largest law firm in Mauritius. She is an experienced Barrister and recognised as a leading lawyer by international directories such as Global Guide of Chambers and Partners, ILFR 1000 and Legal 500.

 

Qualifications

  • Diplômes d’Etudes Approfondies – Mention Droit Privé - Université de Droit, d’Economie et des Sciences Sociales – Aix Marseille III
  • Barrister’s Examination – Council of Legal Education Mauritius

 

External Appointments

  • None.

 

Core competences:

  • Law, M&A, Corporate Restructuring, Banking, Security law
Benoit Lagesse at IBL group

Benoit Lagesse


Non-Executive Director


Citizen and Resident of Mauritius

Appointed: 12/02/2018

 

 

Skills & Experience

  • Benoit Lagesse started his career with Touche Ross, then Canadian Pacific in London before moving to Zimbabwe to manage a farming business.

 

Qualifications:

  • Bachelor of Science (Computers) – Manchester University – England
  • Chartered Accountant – England & Wales

 

External appointments

  • Chairman of GML Ineo Ltée and Mon Loisir Ltée
  • Member of the Board of Directors of Alteo Enery Ltd & Compagnie Sucrière de Saint Antoine

 

Core competences:

Finance, Accounting and Agriculture

Jean Ribet at IBL group

Jean Ribet


Non-Executive Director


Citizen and Resident of Mauritius

Appointed: 01/07/2016

 

 

Skills & Experience

Jean Ribet is the CEO of the Constance Group since 2004 with overall responsibility for the agro-industrial, tourism and investment activities of the Constance Group.

 

Qualifications

  • Chartered Accountant – University of Cape Town

 

External appointments

  • Is a member of the Board of Directors of Belle Mare Holdings Limited a listed Mauritian company

 

Core competences:

  • Finance, Strategic Development

 

Maxime Rey at IBL group

Maxime Rey


Non-Executive Director


Citizen and Resident of Mauritius

Appointed: 01/07/2016

 

Skills & Experience

  • Maxime Rey has extensive experience in the Insurance sector. He worked for the Mauritian insurance leading company Swan as CFO for more than 20 years until his retirement in 2016.  Before that, he also worked in Johannesburg for Kuehne and Nagel (Pty) Ltd, the South African arm of a leading global provider of innovative and fully integrated supply chain solutions, as Group Financial Director for 13 years.

 

Qualifications

  • Qualified Accountant

 

 External appointments

  • Member of the Board of Directors of Belle Mare Holding Limited
  • Member of the Board of Directors of Lux Island Resorts Limited
  • Member of the Board of Directors of MFD Group Limited
  • Member of the Board of Directors of Constance La Gaieté Co. Limited
  • Member of the Board of Directors of Tropical Paradise Co. Limited
  • Member of the Board of Directors of Pharmacie Nouvelle Limited

 

Core competences:

  • Finance, Accounting, Risk Management, Insurance
Thierry Lagesse at IBL group

Thierry Lagesse


Non-Executive Director


Citizen and Resident of Mauritius

Appointed: 24/09/1983

 

Skills & Experience

  • Thierry Lagesse is the Founder and Executive Chairman of the Palmar Group of Companies, one of the pioneer companies in the development of the textile industry in Mauritius. A visionary entrepreneur, he launched Direct To Home (DTC) satellite television company in the Indian Ocean Islands.

 

Qualifications

  • Maitrise des Sciences de gestion – Université de Paris Dauphine

 

External appointments

  • Is a member of the Board of Directors of several major listed Alteo Limited, Lux Island resorts, Phoenix Beverages Limited, Phoenix Investment Company Limited, The United Basalts Products Ltd and non-listed Mauritian companies

 

Core competences:

  • Entrepreneurship, Business Development and Finance, Strategic Development, Textile, Media
Arnaud Lagesse at IBL group

Arnaud Lagesse


Executive Director


Citizen and Resident of Mauritius

Appointed : 23/03/2015 (Board) & 01/07/2016 (Groupe CEO). 2005-2016: 11 years experience as CEO

 

Skills & Experience

Arnaud Lagesse is the Group CEO of IBL Ltd, the largest business group in the island of Mauritius. He is one of the prominent leaders of the Mauritian Private Sector and has been known to drive the Group he leads with innovative and challenging undertakings. Two years ago, he initiated the merger of GML Investment Ltd and Ireland Blyth Ltd, creating a successful Group and substantial shareholders value for all stakeholders since introduction on the local Stock Market.

 

Qualifications & Professional Development

  • Breakthrough Executive Program, Egon Zehnder-Mobius, Portugal
  • Advanced Management Program (AMP180), Harvard Business School, United States
  • Executive Education Program at INSEAD, France
  • Master’s in Management, Université d’Aix-Marseille, France and graduated from the Institut Supérieur de Gestion de Paris.

 

External appointments

  • Chairman of Fondation Joseph Lagesse, Alteo Limited, Lux Island Resorts Ltd, Phoenix Beverages Limited, and Phoenix Investment Company Limited
  • Member of the Board of Directors of several major listed companies including BlueLife Limited, The United Basalts Products Ltd and non-listed Mauritian companies

 

Core competences:

  • Business and Finance, Deal Structuring, Strategic Business Development
Gilles Michel at IBL group

Gilles Michel


Independent Non-Executive Director


Non-citizen and Non-resident of Mauritius

Appointed: 20/06/2012

 

Skills & Experience

  • Gilles Michel has held executive positions in major international companies or institutions like Saint Gobain Group, PSA Peugeot Citroën and Fonds Stratégique d’Investissement ;  he was, until 2018, President and CEO of Imerys.

 

Qualifications

  • Ecole Polytechnique, Ecole Nationale de la statistique et de l’Administration Economique  (ENSAE)
  • Institut d’Etudes Politiques (IEP) Paris

 

External appointments (listed companies)

  • Chairman of the Board of Directors Imerys (Paris)
  • Member of the Board of Directors of Valeo (Paris)
  • Member of the Board of Directors of Solvay (Bruxelles)

 

Core competences:

  • Automobile Industry, Mathematics, Strategic Development, Management
Pierre Guenant at IBL group

Pierre Guénant


Independent Non-Executive Director


Non-citizen and Non-resident of Mauritius

Appointed: 27/07/2015

 

Skills & Experience

Pierre Guenant is an accomplished entrepreneur, he founded and developed the PGA Group whose turnover is € 5,2 Bn, employing about 11,000 people in France, Belgium, Holland and Poland. He is currently President of PGA Holding. He is also involved in the hotel industry and the wine industry as well as in investment funds. And serves as a director on the Board of several listed companies outside Mauritius.

 

Qualifications:

Ecole Supérieure de Commerce de Paris

 

External appointments:

  • None

 

 Core competences:

  • Entrepreneurship, Strategic Development, International Business and Management
Jason Harel at IBL group

Jason Harel


Independent Non-Executive Director


Citizen and Resident of Mauritius

Appointed: 01/07/2016


 

Skills & Experience

  • Jason Harel is the co-founder and partner of BLC Robert & Associates which is ranked as a top tier business law firm by all leading legal directories. He leads their corporate and M&A practice which includes non-contentious restructuring and taxation.  Jason’s practice mainly involves mainly the real estate (including construction & hospitality) and financial services sectors (including the banking and global business sector).  

 

Qualifications:

  • Chartered Accountant-(England & Wales)
  • Barrister-at-Law-(England & Wales and Mauritius)

 

External Appointments

  • None

 

Core competences:

  • Corporate and business law, taxation, mergers and acquisitions, hospitality sector including real estate, financial services sector including banking and global business.
Hugues Lagesse at IBL group

Hugues Lagesse


Non-Executive Director


Citizen and Resident of Mauritius

Appointed: 01/07/2015


 

Skills & Experience

  • Hugues Lagesse is the Head of Project and Strategic Property Development of Blue Life Limited, a Real Estate Company developing property in Mauritius. He has acquired considerable experience and competence in high market residential and mixed-use real estate.

 

Qualifications:

  • Diploma in administration and Finance – Ecole Superieure de Gestion – Paris
  • Management Program INSEAD - France
  • Real Estate Program – Harvard Business School – United States
  • General Management Program for Mauritius and South East Africa from ESSEC

 

External appointments

  • Member of the Board of Directors Phoenix Beverages Limited
  • Member of the Board of Directors of Phoenix Investment Company Limited

 

Core competences:

  • Real Estate, Property development and management
Jan Boullé at IBL group

Jan Boullé


Non-Executive Chairman


Citizen and Resident of Mauritius

Appointed: 01/03/2016 (Board) & 01/07/2016 (Chairman)

 

Skills & Experience

Jan Boullé worked for Constance Group from 1984 to 2016 and occupied various executive positions and directorships.

 

Alteo Ltd, Phoenix Beverages Ltd, Blue Life Ltd, Lux Island Resorts Ltd and The Bee Equity Partners Ltd. He has a particular expertise in hospitality and real estate development.

 

Qualifications:

  • “Ingenieur Statisticien Economiste” France
  • Sciences éonomiques – Université de Laval- Canada

 

External appointments

  • Is a member of the Board of Directors of several major listed Alteo Limited, BlueLife Limited, Lux Island resorts, Phoenix Beverages Limited, Phoenix Investment Company Limited, The Bee Equity Partners Limited and non-listed Mauritian companies

 

Core competences

  • Strategic Development, Hospitality and Real Estate Development
San T Singaravelloo at IBL group

San T. Singaravelloo


Independent Non-Executive Director


Citizen and Resident of Mauritius

Appointed: 25/09/2017

 

Skills & Experience

  • San T Singaravelloo has 20 years of experience across the Sub Sahara Africa Region, UK and the Netherlands. She has worked for major regional and international companies including Old Mutual, Hymans Robertson Actuaries and Consultants, PwC, ABN Amro and Aon.  She is currently the Head of Aon's Africa Unit for Global Benefits.

 

Qualifications:

Fellow of the Institute and Faculty of Actuaries (UK).

  • Masters of Law – International Business Law (Sorbonne-Assas (Paris II) )
  • Post Graduate Diploma in Actuarial Science (University of Cape Town)
  • Bachelor of Science Honours – Operation Research (University of Cape Town)
  • Bachelor of Science – Statistics and Economics (University of Cape Town)

 

External appointments

Independent Non-executive Director of Anglo African Investments Ltd

 

Core competences:

  • Pension and Insurance, Business Development, Cross-border Projects, Corporate and trustee consulting, M&A 

 

 

Jean-Claude Béga at IBL group

Jean Claude Bega


Executive Director


Citizen and Resident of Mauritius

Appointed: 01/08/2018 (Board)

 

Skills & Experience:

Born in 1963, Jean-Claude started his career in 1980 by spending 7 years as external auditor and then moved to a sugar group to perform various functions within accounting and finance before joining GML in 1997 as Finance Manager. He is currently the Group Head of Financial Services and Business Development of the Company and has also been appointed as Executive Director of that company in August 2018.

 

Qualifications & Professional Development

  • Fellow of the Association of Chartered Certified Accountants.

 

Core competences and contribution

Finance, Mergers and Acquisitions, Strategic Development.

 

External appointments on Public Interest Entities

  • AfrAsia Bank Limited
  • AfrAsia Capital Management Ltd
  • Alteo Limited
  • Anahita Estates Limited
  • Anahita Residences & Villas Limited
  • Anglo African Investments Ltd
  • Camp Investment Company Limited
  • DTOS Ltd
  • Knights & Johns Management Ltd
  • Lux Island Resorts Ltd
  • Mauritian Eagle Insurance Co Ltd
  • Phoenix Beverages Limited
  • Phoenix Investment Company Limited
  • The Bee Equity Partners Ltd

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