Edition:
United States

Safran SA (SAF.PA)

SAF.PA on Paris Stock Exchange

63.39EUR
26 Sep 2016
Change (% chg)

€-1.65 (-2.54%)
Prev Close
€65.04
Open
€64.74
Day's High
€64.79
Day's Low
€63.39
Volume
905,537
Avg. Vol
994,648
52-wk High
€72.45
52-wk Low
€48.87

Summary

Name Age Since Current Position

Ross McInnes

62 2015 Chairman of the Board

Philippe Petitcolin

63 2015 Chief Executive Officer, Director

Christian Streiff

61 2013 Independent Vice Chairman of the Board

Bernard Delpit

50 Senior Executive Vice President - Finance, Member of the Executive Committee

Jean-Luc Berard

Executive Vice President of Human Resources, Member of the Executive Committee

Stephane Abrial

Senior Executive Vice President of International & Public Affairs, Member of the Executive Committee

Eric Dalbies

46 Executive Vice President of Strategy and M&A, Member of the Executive Committee

Pascale Dubois

Executive Vice President of Communication, Member of the Executive Committee

Pierre Fabre

Senior Executive Vice President of R&T and Innovation, Member of the Executive Committee

Jean-Jacques Orsini

Executive Vice President of Performance and Competitiveness, Member of the Executive Committee

Alex Fain

Corporate Secretary, Member of the Executive Committee

Jean-Paul Alary

CEO of Aircelle, Member of the Executive Committee

Olivier Andries

53 CEO of Snecma, Member of the Executive Committee

Anne Bouverot

49 2015 CEO of Morpho, Member of the Executive Committee

Bruno Even

CEO of Turbomeca, Member of the Executive Committee

Vincent Mascre

CEO of Messier-Bugatti-Dowty, Member of the Executive Committee

Alain Sauret

CEO of Labinal Power Systems, Member of the Executive Committee

Philippe Schleicher

CEO of Herakles, Member of the Executive Committee

Marc Aubry

52 2011 Director - Representative of Employee Shareholders

Frederic Bourges

Employee representative Director

Patrick Gandil

55 2013 Director - Representative of the French State

Christian Halary

62 2011 Director - Representative of Employee Shareholders

Vincent Imbert

59 2015 Director – proposed by the French State

Xavier Lagarde

67 2011 Director

Daniel Mazaltarim

55 2014 Employee representative Director

Astrid Milsan

44 Director - Representative of the French State

Giovanni Bisignani

69 2011 Independent Director

Jean-Lou Chameau

63 2011 Independent Director

Monique Cohen

59 2013 Independent Director

Odile Desforges

66 2011 Independent Director

Jean-Marc Forneri

56 2011 Independent Director

Elisabeth Lulin

49 2011 Independent Director

Biographies

Name Description

Ross McInnes

Mr. Ross McInnes has served as Chairman of the Board of Directors at Safran SA since April 23, 2015. From April 21, 2011 until April 23, 2015, he was Deputy Chief Executive Officer in charge of Economic and Financial Affairs and Member of the Executive Committee of the Company. He is part of the Company's Corporate Management. After graduating from the University of Oxford, he started his career with Kleinwort Benson in London. From 1980 to 1989 he held several positions in the corporate finance arm of Continental Bank, working in London, Chicago and Paris. In 1989 he moved to the industrial sector by joining Eridania Beghin-Say. He was named Chief Financial Officer of this company in 1991, and was appointed to the Board of Directors in 1999. The following year he moved to Thomson-CSF (now Thales) as Senior Vice President and CFO. In 2005 he moved to PPR as senior vice president for finance and strategy, before joining the Supervisory Board of Generale de Sante in 2006. On request from this Board he served as interim Chairman of the Management Board from March to June 2007. From then until this latest appointment, Mr. McInnes was Vice Chairman of Macquarie Capital Europe, a company specialized in infrastructure investments. Apart from his current duties at the Company, he acts as Non-Executive Director and Chairman of the Audit Committee at Faurecia, Eutelsat Communications and IMI plc. During his professional careeer, he also served as Director of Aircelle, Turbomeca, Messier-Bugatti-Dowty (formerly Messier-Bugatti), Sagem Defense Securite, Morpho, Snecma, Vallaroche Conseil and at Safran USA, Inc. (United States). He was Permanent representative of Safran on the Board of Directors of Etablissements Vallaroche.

Philippe Petitcolin

Mr. Philippe Petitcolin has served as Chief Executive Officer and Director at Safran SA since April 23, 2015. From December 2014 until August 1, 2015, he occupied the post of Chief Executive Officer of Morpho. From July 2013 to December 2014, he served as Member of the Executive Committee of Safran SA, Chairman and Chief Executive Officer of Morpho and Chairman of the Board of Directors of Sagem. Between 2011 and 2013, he was appointed President of Safran's Defense and Security businesses, and Chairman and Chief Executive Officer of Sagem. He began his career in 1978 as export manager for Europrim before becoming export area manager for Filotex, a subsidiary of Alcatel-Alstom. In 1982 he was appointed aviation sales director for Chester Cable in the US. He returned to Filotex in 1984 as export director. In 1988 Mr. Petitcolin joined Labinal as deputy sales director before being appointed sales and marketing director of the company's aeronautical systems division and then subsequently its managing director in 1995. Between 1999 and 2001 he was general manager of Labinal's Filtrauto division, also serving as general manager of the friction materials business after the division was bought by Valeo. In May 2001 he was named Chief Executive Officer of Labinal (aviation), part of the Snecma group, before being appointed Chairman and Chief Executive Officer in November 2004. He was then appointed Chairman and Chief Executive Officer of Snecma (Safran Group) in 2006. Apart from his current duties at Safran, he is Chairman of the Board of Directors: MorphoTrak, LLC (US); Morpho Detection International, LLC (US); Chairman and President of Morpho USA, Inc. (US); Director: Morpho Detection, LLC (US), as well as Member of the Supervisory Board: Morpho Cards GmbH (Germany). Mr. Philippe Petitcolin holds a degree in Mathematics and is a graduate of the Centre de Perfectionnement aux Affaires (CPA) business school.

Christian Streiff

Mr. Christian Streiff has been Independent Vice Chairman of the Board of Directors at Safran SA since May 28, 2013. He is Member of the Company's Nominating and Remuneration Committee. He also was appointed Chairman of the Strategy and Major Projects Committee if the Company. He started working for the Saint-Gobain group as Department Engineer of the Pipe Division at Halbergerhütte (Germany) from 1979 to 1982. He then served as Vice President of Planning and Strategy of the Fiber Reinforcements Division from 1982 to 1985, Manager of the Herzogenrath plant between 1985 and 1988, General Manager of Vetrotex Deutschland (formerly Gevetex) (Germany) between 1989 and 1991, General Manager of Vetri SpA (Italy) from 1992 to 1994, General Manager of Saint-Gobain Emballage from 1994 to 1997, Vice-President, Pipe Division and Chairman and Chief Executive Office of Pont-a-Mousson SA from 1997 to 2001, Head of Abrasives and Ceramics & Plastics Divisions (Paris and Boston – USA), Group Chief Operating Officer from 2001 to 2004 and Deputy Chief Executive Officer from 2004 to 2005. In 2006, Mr. Streiff was appointed Chief Executive Officer of Airbus and member of the Managing Board of EADS (European Aeronautic Defense and Space Company). From 2007 to 2009, he was Chairman of the Executive Board of PSA Peugeot-Citroen. Apart from his current duties at Safran AS he is Chairman of CS Conseil; Member of the Supervisory Board ofThyssen Krupp AG; Director and Member of the Compensation Committee of TI-Automotive (UK) and Member of the European Advisory Board of Bridgepoint (UK).

Bernard Delpit

Jean-Luc Berard

Stephane Abrial

Mr. Stephane Abrial is Senior Executive Vice President of International & Public Affairs, Member of the Executive Committee of Safran SA. On June 30, 2013, he was appointed Deputy Chief Executive Officer - Corporate Office of the Company. He joined Safran on January 1, 2013 after a military career. Chief of staff of the Air Force with the rank of general from 2006 to 2009, he was appointed in September 2009 Supreme Allied Commander Transformation, located in Norfolk, Virginia, United States, by the 28 NATO nations.

Eric Dalbies

Mr. Eric Dalbies is Executive Vice President of Strategy and M&A, Member of the Executive at Safran SA. He is a graduate of Ecole Polytechnique (1987) and Ecole nationale superieure de l'aeronautique et de l'espace (1992), he joined Societe Europeenne de Propulsion (SEP, now part of Snecma) in 1992, starting as System Design Engineer with the advanced engines department, then Chief Engineer for the HM7 and Vinci. In 2005, he was named Head of rocket engine programs at Snecma. He moved to fellow Group company Turbomeca in 2005, as Head of Information Technology, before being named Deputy to the President and Head of the Safran+ improvement initiative in 2008. He was subsequently appointed as its Vice President for Information Technology in 2011.

Pascale Dubois

Pierre Fabre

Jean-Jacques Orsini

Alex Fain

Mr. Alex Fain is Corporate Secretary, Member of the Executive Committee at Safran SA. On December 1, 2012, he was appointed the Company's Vice President, Audit and Internal Control. He held various positions with Renault SA, then moved to Renault Trucks & Buses, subsequently being named Head of Financial Services at this company. He then joined the Safran group as Vice President, Finance at Hispano-Suiza, before moving to Snecma Services, where he was appointed Executive Vice President in 2002. In 2006 he was named Vice President Finance, General Counsel and Secretary of Snecma, then joined Morpho in 2010 as Executive Vice President. Mr. Alex Fain graduated from the Ecoles des Mines engineering school in Nancy (1974).

Jean-Paul Alary

Olivier Andries

Mr. Olivier Andries is CEO of Snecma, Member of the Executive Committee of Safran SA. He served as Deputy Chief Executive Officer of Defense Security Division of Safran SA from October 1, 2009 until April 21, 2011 and Member of the Company's Management Board from July 2009 until April 21, 2011. He was the Executive Vice President in charge of the Defense Security Division of Safran SA. He joined Safran SA as Executive Vice President of Strategy and Development. He graduated from Ecole Polytechnique (1981) and Ecole des Mines de Paris (1984). After holding several positions in the French Ministry of Industry and the Treasury, he joined the cabinet of the Minister of Finance in 1993 as Advisor on industrial affairs. In 1995, he joined the Lagardere Group as Deputy Director of Strategy, in charge of various merger and acquisition projects. Mr. Andries was then named Personal Advisor to Jean-Luc Lagardere in 1998. He joined Airbus in 2000 as Senior Vice President, Product & Services Policy. In 2005, he was named Executive Vice President, Strategy and Cooperation, then Head of Strategy at EADS in July 2007.

Anne Bouverot

Bruno Even

Vincent Mascre

Alain Sauret

Philippe Schleicher

Marc Aubry

Mr. Marc Aubry has served as Director - Representative of Employee Shareholders of Safran SA since April 21, 2011. He is a Member of the Company's Audit and Risk Committee. He has worked with the Group for over 23 years. Since 1990, he has occupied the position of Design Engineer in charge of the development of dynamic sealing for space engine turbopumps. He is an engineer from the Ecole Nationale Superieure d’Hydraulique et de Mecanique de Grenoble (ENSHMG) (major in water resources and planning) and has a postgraduate degree (DEA) in environment and engineering geophysics (major in hydrology).

Frederic Bourges

Mr. Frederic Bourges is Employee representative Director of Safran SA. He also was appointed Member of the Appointments (Nominating) and Compensation Committee of the Company. He graduated as a boilermaker from Snecma's professional school in Evry-Corbeil where he began his career in pre-series production. After holding various positions, he currently works as a technician in the adhesive bonding segment and as HSE representative in the Industrial Methods Department. Between 2004 and 2005, he was employee representative Director at Snecma. From 2005 to 2014, he has been CGT central trade union delegate at Snecma.

Patrick Gandil

Mr. Patrick Gandil has served as Director - Representative of the French State of Safran SA since May 28, 2013. Apart from his current duties at the Board, he acts as Director representing the French State at Societe de Gestion de Participations Aeronautiques (Sogepa), Paris Air and Space Museum (Musee de l'Air et de l'Espace), as well as Government commissioner: Aeroports de Paris. He is a graduate of Ecole Nationale Polytechnique and an Engineering graduate of Ecole Nationale des Ponts et Chaussees. He previously held various senior civil servant positions, working notably within French regional infrastructure authorities and for the French Ministry of the Infrastructure, Transport and Tourism. He also served as a Professor at Ecole Nationale des Ponts et Chaussees from 1986 to 1995.

Christian Halary

Mr. Christian Halary has served as Director - Representative of Employee Shareholders of Safran SA since April 21, 2011. He was Representative of Employee Shareholders on the Supervisory Board of the Company from May 12, 2006. Apart from his current duties at the Company, he acts as Chairman of the Supervisory Board of the corporate mutual funds Partifond, Interfond, Avenir Sagem, as well as Member of the Group's CFE-CGC Coordination Committee and Member of the Management Committee atClub Sagem. Mr. Halary holds a Postgraduate degree (DEA) in Microwave Frequency Technology. He began his career in 1980, first as a Research Engineer, then as Engineer responsible for product development, at Sagem SA. In 2005 he was appointed Engineer responsible for product development at Sagem Defense Securite. Since 2009 he has been Head of the Renovation Calculator business in the Safran Electronics division of Sagem Defense Securite.

Vincent Imbert

Mr. Vincent Imbert has been Director – proposed by the French State of Safran SA since April 2015. Apart from his duties at the Company, he occupies the post of Director representing the French State ay Giat Industries. He started his career at the French Directorate General of Weapons Procurement (DGA) in 1981 managing programs (Director of the PR4G (radios for the army) RITA and RITA enhancement programs and then Director of the Char Leclerc program for France and the United Arab Emirates). In 1998, he became Director of the technical school of Bourges, responsible for the assessment and testing of pyrotechnic, artillery and ground missile systems. In 2000, he was appointed Force System Architect, responsible for directing and managing prospective studies to prepare the army's future defense and weapons systems. In 2003, he was appointed technical advisor to the deputy Head of the DGA, and became Director of the department of defense programs (SPART) in 2004. In 2006, he became Director of the department of observation programs, telecommunication and information (SPOTI) of the DGA. In 2009, he was responsible for setting up the technical direction of the DGA, which he would subsequently manage. He was appointed Executive Vice-President of the DGA in May 2013. Mr. Vincent Imbert, senior defense engineer, is a graduate of Ecole Polytechnique and Ecole Nationale Supérieure de l'Aéronautique et de l'Espace. He is a former auditor of the center for Advanced Defense Studies (centre des hautes études de l'Armement).

Xavier Lagarde

Mr. Xavier Lagarde has served as a Director of Safran SA since April 21, 2011. He is Member of the Company's Appointments (Nominating) and Compensation Committee. He was Deputy Chief Executive Officer in charge of Quality, Audit and Risk Management from June 1, 2009 and was Member of the Management Board of Safran SA as of January 1, 2007, until 2011. He was previously in charge of the Communications branch of Safran SA from September 2006. He previously served as a Member of the Supervisory Board of Safran SA until December 31, 2006. Since June 2013, he has occupied the post of Chairman of Sagem Mobiles and Chairman of Club Sagem. Mr. Lagarde holds an Engineering degree from ENSICA and a Master of Science degree in Aeronautics from the California Institute of Technology. He previously held various research and development roles at Sagem from 1974 to 1981 and was then Head of Research and Development at the aviation technology branch of Sagem from 1981 to 1986. He subsequently served as Deputy Director and then Director of Research and Development of the Sagem sites of Argenteuil and then Eragny from 1986 to 1989; Director of Human Resources and Social Relations of Sagem from 1989 until October 2001; Executive Director of AFIM from 1999 to 2000, Director of Quality of Sagem from 2001 to 2003; Member of the Supervisory Board of Sagem SA and then Safran SA from April 2001 until December 2006; Industrial and Quality Director of Sagem from 2003 to 2005 and Director of Quality of Safran from May 2005 until September 2006.

Daniel Mazaltarim

Mr. Daniel Mazaltarim has been Employee representative Director of Safran SA since November 2014. He is Member of the Company's Audit and Risk Committee. He has been a Group employee for 15 years. He started his career as quality assurance manager at Hispano-Suiza before joining Safran Consulting in 2004, first as a consultant then subsequently as a manager. n June 2014, he became a member of the progress initiative department of Snecma's Military Engines division as a Black Belt. Mr. Mazaltarim holds a PhD in geology from Strasbourg University, a postgraduate diploma (Diplôme d'études supérieures spécialisées) in management from IAE de Paris (Sorbonne Business Graduate School) and a Business Certificate from the American University of Paris.

Astrid Milsan

Ms. Astrid Milsan is Director - Representative of the French State at Safran SA. She is Member of the Company's Audit and Risk Committee, as well as Member of the Company's Appointments (Nominating) and Compensation Committee. Apart from her current duties at the Company, she acts as Director representing the French State at GDF Suez, DCNS, Etablissement Public de Financement et de Restructuration (EPFR). She began her career as reporting counselor (conseiller rapporteur) at the Versailles Administrative Court of Appeal between 1996 and 1998. Between 1998 and 2001, Ms. Astrid Milsan worked as Project Finance and Privatization manager at Bankgesellschaft in Berlin, and then in London and Berlin. In 2003, she moved to HSBC in London where she worked in Corporate Finance, Mergers & Acquisitions (Europe and Asia) and in the Transport & Logistics team. Later, in 2003, she joined the Finance division of the French State Investment Agency (APE). In 2006, she was appointed Head of Corporate Finance and Development and Secretary General of the Interministerial Committee on Industrial Restructuring (CIRI) at the Treasury, within the French Ministry of Economic Affairs, Finance and Employment. The following year she became Deputy Director of Corporate Finance and Competitiveness at the Treasury. She was appointed Deputy Director of Energy and other investments at the State Investment Agency (APE) in 2009, and then Deputy Director of the Services, Aerospace and Defence sub-division of APE in 2011. Ms. Milsan graduated from the Institut d’Etudes Politiques de Paris and obtained a Master’s in Law from the Universite de Droit de Paris II – Assas.

Giovanni Bisignani

Mr. Giovanni Bisignani has served as an Independent Director of Safran SA since April 21, 2011. He is also Member of the Company’s Appointments (Nominating) and Compensation Committee. Apart from his current duties at the Company, he is Director and Member of the Nominating and Governance Committee at Aircastle Limited. He started his career at First National Citibank. Between 1976 and 1989, he held several senior positions at the energy company ENI and with the Italian industrial conglomerate IRI. From 1994 to 1998, he was President of Tirrenia di Navigazione, and from 1998 to 2001, he was CEO of SM Logistics. He subsequently served as Administrative Director, then CEO and Managing Director, of Alitalia from 1989 to 1994; Chairman of the Association of European Airlines (AEA) in 1992, and Chairman of Galileo International, between 1993 and 1994. In 2001, he launched OPODO, the first European travel portal, owned by Air France, British Airways and Lufthansa. Mr. Giovanni Bisignani was Director General and CEO of IATA, between 2002 and 2011. During his term of office, Mr. Bisignani made a series of structural reforms which led to profound changes in the air transport sector. Mr. Giovanni Bisignani graduated from the Sapienza University of Rome in Law, Economics and Business. Later on, he became assistant professor. He also attended the International Teachers Program at the Harvard Business School in Boston, United States. He has been a visiting Professor at the University of Cranfield since 2012, and has received the honorary title Doctor honoris causa.

Jean-Lou Chameau

Dr. Jean-Lou Chameau has served as an Independent Director of Safran SA since April 21, 2011. After completing an engineering diploma at the Ecole Nationale Superieure d’Arts et Metiers in 1976, he continued his studies at Stanford University, where he graduated with a Masters in civil engineering in 1977, before obtaining a Ph.D. in seismic engineering three years later. Apart from his current duties at the Company, he acts as President of King Abdullah University of Science & Technology (KAUST) in Saudi Arabia and of California Institute of Technology (Caltech); Director at MTS Systems Corporation and at John Wiley & Sons. He is Member of the National Academy of Engineering, and of the Academie des Technologies in France. Dr. Jean-Lou Chameau started his teaching career at Purdue University, where he taught from 1980 to 1991, before joining Georgia Tech as Professor and Head of the School of Civil and Environmental Engineering. He left this position in 1994 to become Chairman of Golder Associates Inc. Two years later, where he became Dean of the College of Engineering. In 2001, he was promoted to the position of provost, which he occupied up to 2006. In 2006, he was appointed President of the California Institute of Technology (Caltech).

Monique Cohen

Ms. Monique Cohen has been an Independent Director of Safran SA since May 28, 2013. She is a Member of the Audit and Risk Committee of the Company. Apart from her current duties at the Company, she serves as Chair of the Board of Directors: of Wallet SA (Belgium), Wallet Investissement 1 SA (Belgium), Wallet Investissement 2 SA (Belgium), Proxima Investissement (Luxembourg); chair of Trocadéro Participations II SAS, Director of Societe de financement local (SFIL), Altran Technologies SA(1), Financiere MidMarket SAS, Apax Partners MidMarket SAS, BuyWay Personal Finance Belgium SA (Belgium), BuyWay Tech SA (Belgium), SEP Altitude; Member of the Supervisory Board: JC Decaux (1), Global Project SAS, Trocadero Participations SAS; Deputy Chief Executive Officer of Altamir Amboise Gerance SA and Managing Partner: Societe Civile Fabadari. She started her career at Paribas as Assistant Finance Manager from 1980 to 1987. At Paribas, which later became BNP Paribas, she successively held the positions of Administrative Officer of Courcoux Bouvet – a brokerage firm and subsidiary of Paribas – between 1987 and 1990, Head of equity syndication and brokerage activities from 1990 to 1999, and Global Head of Equity Business from 1999 to 2000. Since 2000, she has been an Executive Partner of Apax Partners France, which focuses on investments in the business and financial services sector. She has been a member of the Board of Directors of the French financial markets authority (Autorité des marchés financiers – AMF) since June 2011. Ms. Monique Cohen is a graduate of École Polytechnique (1976) and has a Master's degree in Mathematics.

Odile Desforges

Ms. Odile Desforges has served as an Independent Director of Safran SA since April 21, 2011. She is Chairwoman of the Company's Audit and Risk Committee. She also was appointed Member of the Company's Strategy & Major Projects Committee. Apart from her current duties at the Company she is Director and Member of the Appointments and Compensation Committee at Sequana; Director and Member of the Audit Committee at Dessault Systems, as well as Vice President of Alumni Association of Ecole Centrale de Pari. She began her career as research analyst at the French Transport Research Institute (Institut de Recherche des transports). In 1981, she joined the Renault Group as planning officer for the Automobile Planning Department before becoming product engineer on the R19, then M1 segment (1983-1985). In 1986 she moved to the Purchasing Department as head of the Exterior Equipment department. She was later appointed Director of Body Hardware Purchasing for the joint Renault Volvo Purchasing Organization in 1992 and for Renault alone in 1994. In March 1999, she became Executive Vice-President of the Renault VI-Mack Group, in charge of 3P (Product Planning, Product Development and Purchasing Project). In January 2001, she was appointed President of the AB Volvo Group’s 3P Business Unit. On March 1, 2003, Ms. Desforges became Senior Vice-President, Purchasing, Chair and CEO of the Renault Nissan Purchasing Organization (RNPO) and member of the Renault Management Committee. On March 1, 2009, she became Director, Engineering and Quality, and a member of Renault’s Executive Committee. Ms. Odile Desforges graduated from Ecole Centrale de Paris in 1973.

Jean-Marc Forneri

Mr. Jean-Marc Forneri has served as an Independent Director of Safran SA since April 21, 2011.He is Chairman of the Company's Appointments (Nominating) and Compensation Committee Between March 17, 2005 and April 21, 2011 he was an Independent Member of the Supervisory Board of Safran SA. He was Chairman of the Company’s Audit and Risk Committee. Apart from his current duties at the Company, he is Chairman at Bucephale Financee SAS; Chairman of the Supervisory Board at Grand Port Maritime de Marseille (GPMM); Member of the Supervisory Board at Societe Casino Municipal d'Aix Thermal; Director of Balmain, Intercontinental Exchange, Inc and Manager of Perseus Participations. Mr. Jean-Marc Forneri graduated from Institut d'Etudes Politiques d'Aix-en-Provence (Masters in Business Law) and Ecole Nationale d'Administration (Bachelor of Science degree in Political Science), and is a Qualified Solicitor. Mr. Forneri previously worked as a Public Finance Auditor from 1984 to 1987; Advisor to the French Minister of Finance from 1987 to 1988; Managing Director and Member of the Board of Skis Rossignol from 1988 to 1994; Associate Manager of Worms et Cie in charge of investment banking from 1994 to 1996; and Chairman of Credit Suisse First Boston France and Vice Chairman of Credit Suisse First Boston Europe from 1996 to 2003.

Elisabeth Lulin

Ms. Elisabeth Lulin has served as an Independent Director of Safran SA since April 21, 2011. She is Member of the Company's Audit and Risk Committee. She is the Founder and Chief Executive Officer of Paradigmes et caetera, as well as Director of Bongrain SA and Ciments Francais, and hair of the Board of Directors of Ecole Nationale Superieure de Creation Industrielle (ENSCI). In September 2010, she also became senior advisor of the Monitor Group strategy consulting firm In 2009, she was elected member of the Board of Directors of the Institut Francais des Administrateurs. Ms. Lulin began her career at the General Finance Inspectorate (1991-1994) before joining the Prime Minister’s office as research analyst, then Technical Advisor. From 1996-1998, she served as head of the Marketing and External Communication Unit at France’s National Institute of Statistics and Economic Studies (INSEE). Alongside these duties, she has also continued her work as a teacher and currently teaches at the Ecole Superieure de Commerce de Paris. She was also a lecturer at the Institut d’Etudes Politiques de Paris from 1998 to 1999 and at the Conservatoire des Arts et Metiers from 1995 to 1999. She is a member of the editorial committee of Societal, a quarterly economic and social review. Ms. Lulin is a graduate of Ecole Normale Superieure (1985), Institut d’Etudes Politiques de Paris (1987) and Ecole Nationale d’Administration.