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.
Three standing committees assist the Board of Directors with its duties:
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
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
Richard Arlove (Chairperson)
Isabelle de Melo
Thierry Lagesse
Maxime Rey
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 Sub-Committee
The Remuneration Sub-Committee establishes employment agreements with IBL’s Executive Directors and Market Unit Managing Directors, including their salaries, incentives and benefits.
Composition
Marc Freismuth (Chairman)
Jan Boullé
Jean Ribet
IBL’s Executive Team is responsible for overseeing the group’s business operations and delivering its strategies.
Independent Non-Executive Director
Citizen and Resident of Mauritius
Appointed : 01/01/2021
Skills & Experience:
Founder of Arphilia Consulting, Richard Arlove counts nearly 40 years’ experience as a professional accountant, business leader, professional entrepreneur and member of the senior leadership team of a global firm. After 20 years’ career in Big Four accounting firms and as a General Manager of businesses in garment manufacturing and marketing of international brands, he co-founded and was the CEO of ABAX, a regulated financial, corporate and fiduciary services company. When ABAX was acquired by Ocorian, Richard Arlove was appointed Head of Africa, Middle East and Asia, and Group ExCo member of Ocorian. Richard Arlove retired from Ocorian in 2020.
Qualifications:
External appointments:
Core competencies:
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
Core competences and contribution
Finance, Mergers and Acquisitions, Strategic Development.
External appointments on Public Interest Entities
Citizen and Resident of Mauritius
Appointed: 01/03/2016 (Board) & 01/07/2016 (Chairman)
Skills & Experience
Jan Boullé has been working for the Constance Group from 1984 to 2016 and occupied various executive positions and directorships. He has been appointed as the Non-Executive Chairman of IBL Ltd on the 1st July 2016.
Qualifications:
External appointments
Core competences
Non-Citizen and Non-Resident of Mauritius
Appointed: 01/07/2022
Skills and experience
Georges Desvaux is the Chief Strategy and Business Development Officer and Member of the Management Committee of the AXA Group, the global insurance leader. Prior to joining AXA, he was a Senior Partner in McKinsey & Company for 30-years in Europe, Asia and Africa, including Managing Partner of Japan and of Africa, member of McKinsey’s Shareholders Council and Chair of the Governance Committee. At McKinsey, Georges has co-authored several macroeconomics reports including “Lions on the Move 2” (McKinsey Global Institute 2016) and a book “Africa’s Business Revolution” (Harvard Business Review 2018). Georges is passionate about gender diversity and has co-founded in 2007 “Women Matter”, McKinsey’s research series on the role of women in corporations.
Qualifications
Graduated from Ecole Centrale Paris and holds a M.S. in Mech. Engineering from MIT.
External appointments
Chairman and member of the Management Committee of AXA ASIA, member of the Supervisory Board of GIE AXA, member of the Supervisory Board of AXA Climate, member of the Fund-Raising Europe Committee for Alima -the Alliance for International Medical Action – a leading NGO focused on medical support and medical innovation in Africa.
Core competencies
Corporate Strategy, Business Unit Strategy, Marketing and Growth Strategies, Governance and Organisation, Capabilities Insurance, Technology, Consumer and Retail.
Non-citizen and Non-resident of Mauritius
Appointed: 01/10/2022
Skills and experience
William Egbe is an engineer by training, a corporate executive, and a company director with almost thirty years of experience in leadership roles within American and British multinational companies, operating in North America, Latin America, Europe, Africa, the Middle East, and Southeast Asia. He has held engineering, finance, marketing, manufacturing, and general management roles in the Telecoms, Oil & Gas, Food & Beverage, and Imaging industries. He has spent 19 years in general management and executive roles within the Coca-Cola Company, including serving as President for Coca-Cola’s business
in Sub-Saharan Africa. He has also previously served as Managing Director for Kodak’s Dental products business for Europe, Africa, and the Middle East, headquartered in Germany.
Qualifications
External appointments in both listed and non-listed companies
Independent Board Member, Tana Africa Capital (Mauritius)
Board of Trustees, Jacobs Foundation (Switzerland)
Board member, Essential Med Foundation (Switzerland)
Core competencies
General Management, Operations Optimization, Corporate Strategy, Franchise Operations, Investment and Growth Advisory, Business Operations in Africa, Europe, and Middle East.
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
External Appointments
Core competences:
Citizen and Resident of Mauritius
Appointed: 23/03/2015
Group CEO: 01/07/2016
2005-2016: 12 years’ experience as CEO
Skills & Experience
Arnaud Lagesse is the Group CEO of IBL Ltd. He is one of the Mauritian private sector’s most prominent leaders and is known to drive IBL Group with innovative and challenging undertakings. In 2016, he initiated the merger of GML Investissement Ltée and Ireland Blyth Limited and created the new entity IBL Ltd which thus became the n°1 group in Mauritius and 2nd largest group in the region excluding South Africa.
Qualifications
External appointments in both listed and non-listed companies
Chairman
Member of the Board of Directors
Core competences:
Citizen and Resident of Mauritius
Appointed: 12/02/2018
Skills & Experience
Qualifications:
External appointments
Core competences:
Finance, Accounting and Agriculture
Citizen and Resident of Mauritius
Appointed: 01/07/2015
Skills & Experience
Qualifications:
External appointments
Core competences:
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
External appointments
Core competences:
Citizen and Resident of Mauritius
Appointed: 01/07/2016
Skills and experience
Stéphane Lagesse is the Managing Director of Palmar Group, a garment factory based in Mauritius.
Education
Diploma in Business Administration - Paris Dauphine
External appointments
The United Basalt Products Ltd
Main skills
Finance, textiles, industrial production, trade.
Citizen and Resident of Mauritius
Appointed: 24/09/1983
Skills & Experience
Qualifications
External appointments
Core competences:
Non-citizen and resident of Mauritius
Appointed: 27/09/2019
Skills and experience
Isabelle de Melo has held executive and leadership positions in various companies and institutions, including Arthur Andersen Audit, Gemplus, Privatair, SETE, Genève Sport and Association Nicolas Bogueret. She was also an independent consultant from 1998 to 2003, and has been a Business Angel (Investor and Coach) since 2009.
Qualifications
• HEC Paris – Paris, France
External appointments
None
Core competencies
Finance, Mergers & Acquisitions,
Treasury, Tax, Human Resources,
Information Technology.
Citizen of France
Appointed: 01/01/2023
Skills and experience
Momar Nguer worked for the TotalEnergies company for more than 36 years and held various positions during his career, both in Paris head office and in affiliates, mainly in Africa. For his last posting, he was President Marketing and Services, and member of the Executive Committee.
For the last three years, Momar had joined a diversified set of boards of companies in Europe and Africa.
Qualifications
External appointments
Core competencies
Energy, distribution, talent acquisition, negotiations.
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
External appointments
Core competences: