Sodexo: Nathalie Bellon-Szabo Proposed for Presidency to Succeed Sophie Bellon
Sodexo's board of directors proposes entrusting its presidency to Nathalie Bellon-Szabo, subject to the renewal of her term at the general meeting on December 16, 2026. She would succeed Sophie Bellon, who has served as board chair since 2016.
Sodexo's board of directors announced on September 28, 2026 that it proposes the appointment of Nathalie Bellon-Szabo as president, subject to the renewal of her term at the annual general meeting on December 16, 2026.
Sophie Bellon, who has served as chair of the board of directors since 2016, has decided not to seek renewal of her term in this position. Over the past decade, she has led several major operations, including the spin-off and public listing of the Benefits & Rewards business (Pluxee) as well as the sale of Sodexo's stake in Sofinsod.
She will now dedicate herself to Bellon SA, the family holding company, where she will become chair of the executive board, while continuing to serve on Sodexo's board of directors, subject to the renewal of her term by the general meeting.
Nathalie Bellon-Szabo Will Move to a Non-Executive Presidency
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Nathalie Bellon-Szabo is Chief Executive Officer of Sodexo Live! Worldwide and has been a member of the group's executive committee since 2018. She joined Sodexo in 1996 and has served as a director of Sodexo since 1989. She is a member of the Nominations Committee and the Corporate Social Responsibility Committee, a director of Pluxee since 2024, and a director of the Bouygues group since 2025.
Under her leadership, Sodexo Live! has seen its revenue quadruple over the past ten years, notably through its development in the United States, which has become its largest market. As part of this appointment, she would become non-executive president and would step down from her operational responsibilities within the company.
This governance change comes as the group launched its Shift & Grow 2030 growth acceleration plan in July 2026.
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Context
Period
Period: FY2026
Key reported figures
Revenue: 23 963 millions d'euros
Revenue growth: -0,5 %
Net income: 304 millions d'euros
Free cash flow: 379 millions d'euros
2 872 millions d'euros
Guidance from the release
Résultats de l'exercice 2026 : croissance interne au-dessus des objectifs ; perspectives confirmées pour l'exercice 2027
Risks mentioned
Facteurs opérationnels pesant sur la marge tout au long de l'exercice
Enjeux d'exécution opérationnelle marqués en Amérique du Nord
Baisse de l'EBITDA reflétant les charges et provisions liées à la revue des contrats et actifs
Opportunities identified
Contrat mondial avec Meta montant progressivement en puissance au cours de l'exercice 2027
Croissance interne soutenue en Reste du Monde (+9,7%), notamment en Inde, Australie et Brésil
Santé & Séniors enregistre une forte croissance portée par la montée en puissance de nouveaux contrats
Outlook / guidance
Expected revenue: 24 562 millions d'euros
Management commentary: Sodexo confirme les perspectives pour l'exercice 2027 présentées lors de son Investor Update de juillet 2026 : une croissance interne du chiffre d'affaires comprise entre +2% et +3% ; une marge d'exploitation globalement en ligne avec les 3,4% atteints sur l'exercice 2026, reflet de la poursuite des investissements visant à renforcer les capacités et à restaurer la compétitivité
The information presented in this article is provided for informational purposes only and does not constitute an investment recommendation, an incentive to buy or sell a financial asset, or investment advice. Readers are invited to conduct their own research before making any decision.
Investments in the stock market involve risks, including the risk of capital loss. Past performance of an asset or market is no guarantee of future results. Any investment decision should be made taking into account your personal financial situation, objectives and risk tolerance.