Sèvres, September 8, 2022 – CFAO Group is pleased to announce the appointment of Dr Frannie Léautier to its Board of Directors, effective as of July 28, 2022, strengthening the Group’s governance in line with its diversity goals.
A graduate of MIT, Dr Léautier began her career at the World Bank in Washington DC, where she worked for 15 years in a number of key executive positions. She then headed the African Capacity Building Foundation. After a term as Senior Vice President at the African Development Bank, she joined the Trade and Development Bank Group, where she oversaw the asset management business for a number of years.
Dr Léautier specializes in finance and development. She is also a senior partner at the SouthBridge Group and CEO of SouthBridge Investments. She holds advisory and governance positions on the boards of several African and international organizations.
With the appointment of Dr Léautier to replace Mrs Sylvie Rucar, the CFAO Board of Directors now comprises nine French, Japanese and African members, including Mr Momar Nguer and Mr Dennis Awori. This diversity is reflected in the 66 nationalities represented by Group employees and is a hallmark of the CFAO identity. The Group is active in some 50 countries and territories, including 40 in Africa, and is a subsidiary of Japan’s Toyota Tsusho Corporation (TTC), creating international scope that is reflected by its board members.
Richard Bielle, CFAO Chairman and Chief Executive Officer: “We are delighted to have Dr Frannie Léautier join our Board of Directors. Her extensive experience and insight into our countries and regions will be undeniable assets and will provide an invaluable new perspective on our Group strategy.”
The CFAO Group, Corporation For Africa & Overseas, contributes to growth and industrialization in Africa while catering to the continent’s emerging middle class.
With a revenue of over €6.9 billion, access to 47 of the 54 countries on the continent, and nearly 21,000 employees, CFAO is a key player in mobility, healthcare, consumer goods, infrastructure and energy.
The Group partners with leading international brands and covers the entire value chain – imports, production, distribution – in line with the highest quality standards, drawing on 170 years of hands-on knowledge and local expertise.
CFAO pursues a twofold strategy, focusing on manufacturing to promote local production, and distribution through its distribution network, Africa’s largest, to offer tailored, affordable products and services to people across the continent.
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