Michel Landel (pictured, left) has announced his intention to retire from his position as chief executive of contract catering company Sodexo in January 2018. Denis Machuel (pictured, right) has been appointed as his successor.
Landel will step down from his role at the annual general shareholders' meeting on 23 January. Machuel, who is currently chief executive of benefits and rewards services, and personal and home services, as well as chief digital officer, will become deputy chief executive of Sodexo on 1 September to ensure a smooth handover.
Landel will retain full executive responsibility for Sodexo's strategy and management until next January, and will remain on the board of directors for the duration of his term until January 2020.
Chairwoman of the company Sophie Bellon (pictured, centre) said: "On behalf of the entire Sodexo community, I would like to sincerely thank Michel for all he has done over the past 12 years.
"The board of directors and I are very pleased to appoint Denis Machuel to succeed Michel as CEO. His vision is aligned with Sodexo's long-term strategy and mission to improve quality of life, and he embodies the group's values: service spirit, team spirit, spirit of progress."
Landel said: "Having worked with Denis for the past 10 years, both as a member of Sodexo's executive committee and in a succession of expanding roles within the business, I am confident he is the right person to take Sodexo forward in the next phase of the company's development and to continue to grow our business."
Machuel added: "I am extremely honoured and enthusiastic to be entrusted with this mission. Leading Sodexo's 425,000 team members to best serve our clients and consumers around the world is an inspiring challenge."
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