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.
Richard Arlove
Independent Non-Executive Director
Richard Arlove
Independent Non-Executive Director
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:
- Fellow of the Association of Chartered Certified Accountants (FCCA)
External appointments:
- Founder of Arphilia Consulting
- Co-Founder of ABAX
- Member of the Board of directors of Livestock feed Ltd
Core competencies:
- Accounting & Finance, Consultancy, Leadership, International Business, Governance, Marketing
Jan Boullé
Non-Executive Chairman
Jan Boullé
Non-Executive Chairman
Non-Executive Chairman
Citizen and Resident of Mauritius
Appointed: 01/03/2016
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:
- “Ingénieur Statisticien Economiste” – France
- Post Graduate studies in Economics – Université de Laval – Canada
External appointments
- Jan Boullé is a member of the Board of Directors of several major listed companies including BlueLife Limited, Lux Island Resorts Ltd, Phoenix Beverages Ltd, Phoenix Investment Company Limited, The United Basalt Products Limited and non-listed Mauritian companies.
Core competences
- Strategic Development, Hospitality and Real Estate Developmen
Georges Desvaux
Independent Non-Executive Director
Georges Desvaux
Independent Non-Executive Director
Independent Non-Executive Director
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.
William Egbe
Independent Non-Executive Director
William Egbe
Independent Non-Executive Director
Independent Non-Executive Director
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
- B.Sc. in Electrical Engineering and MBA from Howard University, USA.
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.
Martine de Fleuriot de la Colinière
Non-Executive Director
Martine de Fleuriot de la Colinière
Non-Executive Director
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
Arnaud Lagesse
Executive Director and Group CEO
Arnaud Lagesse
Executive Director and Group CEO
Executive Director and Group CEO
Citizen and Resident of Mauritius
Appointed: 23/03/2015
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
- Breakthrough Executive Program – Egon Zehnder-Mobius, Portugal
- Advanced Management Program (AMP180) – Harvard Business School, United States
- Executive Education Program – INSEAD, France
- Graduated from the Institut Supérieur de Gestion – Paris, France
- Masters in Management – Université d’Aix-Marseille II, France
External appointments in both listed and non-listed companies
Chairman
- Bloomage Ltd
- Camp Investment Limited
- Fondation Joseph Lagesse
- Phoenix Beverages Limited
- Phoenix Investment Company Limited
- The Lux Collective Limited
- Miwa Sugar Ltd
Member of the Board of Directors
- IBL Ltd.
- Pick and Buy Limited
- Seafood Hub Limited
- Other non-listed Mauritian Companies
Core competences:
- Business & Finance, Deal Structuring, Strategic Business Development.
Benoit Lagesse
Non-Executive Director
Benoit Lagesse
Non-Executive Director
Non-Executive Director
Citizen and Resident of Mauritius
Appointed: 12/02/2023
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
Hugues Lagesse
Non-Executive Director
Hugues Lagesse
Non-Executive Director
Non-Executive Director
Citizen and Resident of Mauritius
Appointed: 01/07/2015
Skills & Experience
- Hugues Lagesse is the CEO of BlueLife 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
Jean-Pierre Lagesse
Non-Executive Director
Jean-Pierre Lagesse
Non-Executive Director
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
Stéphane Lagesse
Alternate Director to Thierry Lagesse
Stéphane Lagesse
Alternate Director to Thierry Lagesse
Alternate Director to Thierry Lagesse
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.
Thierry Lagesse
Non-Executive Director
Thierry Lagesse
Non-Executive Director
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
Isabelle de Melo
Non-Executive Director
Isabelle de Melo
Non-Executive Director
Non-Executive Director
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.
Momar Nguer
Independent Non-Executive Director
Momar Nguer
Independent Non-Executive Director
Independent Non-Executive Director
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
- MBA of ESSAC Business School in France
- Master’s degree International Law Paris
External appointments
- Arise Ports and Logistics (UK)
- CFAO (France)
- ECP Power and Water Holding (France)
- Lafarge Holcim (Morocco)
- Sea-Invest (Luxembourg)
- NMA (Senegal)
Core competencies
Energy, distribution, talent acquisition, negotiations.
Clement Rey
Non-Executive Director
Clement Rey
Non-Executive Director
Non-Executive Director
Citizen and Resident of Mauritius
Appointed: 06/06/2023
Skills and experience
Mr Rey is the Chief Executive Officer of Constance Group and bears the overall responsibility for the agriculture, real-estate, hospitality and investment activities in which the Group is involved. Prior to holding his current post, he was Head of Investment and Development and has been actively involved in numerous Group corporate transactions. He holds a Bachelor’s and a Master’s degree in Business Law from the United Kingdom. Mr Rey is a director of several companies in the commercial, hospitality, agriculture, financial, including fintech, sectors and member of various board committees.
Qualifications
- Master’s in Business Law from the UK
External appointments
- BMH Ltd
- Constance Hotels Services Limited
- Constance La Gaiete Company Limited
- Hotelest Limited
- Beauport Industries Limited
- Constance Industries Limited
- Constance Corporate Management Limited
- White Sand Paradise Ltd
- Constance Hospitality Management Ltd
Core competencies
- Strategic Development
- Investment
- Hospitality
Patrice Robert
Executive Director
Patrice Robert
Executive Director
Executive Director
Citizen and resident of Mauritius
Appointed: 01/07/2023
Skills and experience
- Worked in Singapore for 10 years, as consultant in Supply Chain and Strategy at Accenture, then as Vice President of DHL’s Service Parts Logistics Business Unit for the Asia Pacific region.
- Joined IBL Ltd in 2008 and was appointed Chief Operating Officer for the Seafood Cluster in March 2015. In that role, he oversaw local operations and its development internationally. Promoted as Group Head of Operations in August 2018, responsible for IBL Ltd’s manufacturing & Processing, Logistics, Commercial, Building & Engineering activities.
Qualifications
- Bachelor’s degree in engineering – University of Portsmouth, United Kingdom
- MBA – University of Chicago Booth School of Business, United States of America
External appointments
- Board member and chair of international and private companies
- Past Chairman of the Mauritius Exports Association (MEXA)
- Past Council Member of the Mauritius Chamber of Commerce and Industry (MCCI)
Core competencies
- Management
- Strategy
- Operations
- Restructuring
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.
Corporate Sustainability Committee
The Corporate Sustainability Committee of the Board of Directors IBL Ltd was established for the purpose of advising the Board on long-term sustainability of the business and the communities in which the Group operates.
Composition
Georges Desvaux – Chairman
Richard Arlove
Arnaud Lagesse
Jan Boullé
Patrice Robert
Christine Marot
Thierry Labat
Preetee Jhamna
STRATEGIC COMMITTEE
The Strategic Committee advises the Board on IBL’s strategy. It also assists the Board with assessing and negotiating strategic transactions.
Composition
William Egbe – Chairman
Jan Boullé
Arnaud Lagesse
Thierry Lagesse
Georges Desvaux
Momar Nguer
Finance Audit and Risk Committee
The Financial Audit and Risk Committee is responsible for overseeing and monitoring the group’s approach to risk.
Composition
Richard Arlove – Chairman
Benoît Lagesse
Isabelle de Melo
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.
CORPORATE GOVERNANCE COMMITTEE
The Corporate Governance Committee is responsible for ensuring that IBL complies with the principles of the Code of Corporate Governance.
Composition
Georges Desvaux – Chairman
Jan Boullé
Arnaud Lagesse
Martine de Fleuriot de la Colinière
Momar Nguer
Its remuneration functions have been delegated to the Remuneration Sub-Committee.
People and Reward Committee
The People and Reward Committee establishes employment agreements with IBL’s Executive Directors and Market Unit Managing Directors, including their salaries, incentives and benefits.
Composition
Momar Nguer – Chairman
Jan Boullé
Clément Rey
Executive Team
IBL’s Executive Team is responsible for overseeing the group’s business operations and delivering its strategies.
FABRICE ADOLPHE
COO HealthActiv
LUVNA ARNASSALON-SEERUNGEN
Head of Sustainability
CLAIRE BAISSAC
Head of Strategic Projects and Development
CLAIRE BLAZY-JAUZAC
CEO CIDP
CLAIRE COULIER
Head of Communications
OLIVIER CHAVY
CEO The Lux Collective
JEAN CHRISTOPHE CLUZEAU
CEO City Brokers
DAVID COMMARMOND
CEO GWS Technologies
OLIVIER DECOTTER
Head of Risk Management & Compliance – Ethics Officer
MICHEL DUPONT
COO IBL Engineering
PIERRE EGOT
COO IBL Energy
DÉSIRÉ ELLIAH
CEO Lux Island Resorts
LAURENT FAYOLLE
CEO IBL Link
JEAN-ALAIN FRANCIS
CEO ELLGEO
HUBERT GASPARD
Group Chief Human Capital Officer
THIERRY GODER
CEO Alentaris
ROBIN HARDIN
CEO Bloomage
DIANE HENRY
Head of Corporate Affairs
LAURENT DE LA HOGUE
Head of Financial Services
NEERAJ HURBUNGS
COO Manser Saxon
STÉPHANE ISAUTIER
CEO Miwa Sugar
SATTAR JACKARIA
CEO Eagle Insurance Limited
GERALDINE JAUFFRET
CEO Life Together
PREETEE JHAMNA
CFO Group Operations
STEENA KISTNEN
Head of Academy
THIERRY LABAT
Group Head of Corporate Services
ARNAUD LAGESSE
Group CEO
DELPHINE LAGESSE
Group Strategic Innovation & Excellence Executive
HUGUES LAGESSE
CEO BlueLife
ANAICK LARABI
Head of Group Legal Affairs
HUBERT LECLÉZIO
Head of Business Development M&A
ALDO LETIMIER
COO Winners
KEVIN LENNON
Head of Group Human Capital Operations
CÉDRIK LE JUGE
Group CFO
PATRICK MACÉ
CEO Intergraph
FABIEN DE MARASSÉ ENOUF
CEO Alteo
PATRICE MARIE
COO BrandActiv
CHRISTINE MAROT
Group Head of Technology & Sustainability
KEVIN MAURYMOOTHOO
Head of Group Internal Audit
DIYA NABABSING-JETSHAN
Head of Technology & Digital Transformation
JORSEN PATTEN
COO East Africa Operations
RUBEN PAYEN
General Manager of Trademarks & Consulates
MICHEL PILOT
COO IBL East Africa Investment
FRANCK PIRIOU
COO CNOI
GOPALAKRISHNA NAIDU PURSERAMEN (COUGEN)
COO Seafood & Acting COO Logistics
DEV RAMASAWMY
Head of Group Finance and Analytics
NAVIN RAMKHELAWON
GM Universal Media
PATRICE ROBERT
Group Head of Operations
BERNARD THEYS
CEO Phoenix Bev
STEPHANE ULCOQ
CEO UBP
YANNICK ULCOQ
Head of Treasury
THIERRY VALLET
CEO AfrAsia Bank Limited
JIMMY WONG
CEO DTOS Group