Jean-Charles Naouri
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Jean-Charles Naouri | |
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| Born | 8 March 1949 |
| Education | Lycée Louis-le-Grand |
| Alma mater | École normale supérieure Harvard University École nationale d'administration |
| Occupation | CEO of Groupe Casino |
| Children | Gabriel Naouri, Emmanuelle Naouri, Joseph Naouri, Mickaël Naouri[1] |
| Relatives | Jean-Yves Naouri (brother) |
Jean-Charles Naouri (born 8 March 1949) is a French businessman. He is chairman, chief executive officer and controlling shareholder of Groupe Casino.[2]
Education[edit]
Naouri received his Baccalauréat degree at only 15 years old. He then studied Mathematics and Physics in classes préparatoires at the Lycée Louis-le-Grand before entering the École Normale Supérieure in 1967. He also attended Harvard University, before returning in France and completing a PhD in mathematics in only one year. He is also an alumnus of the Ecole Nationale d’Administration (1974-1976).[3]
Early career[edit]
Rothschild & Cie Banque[edit]
In 1987, Jean-Charles Naouri left government service and joined Rothschild & Cie Banque as Managing Partner.[4] Around the same time, he established his own investment fund, Euris, which acquired minority equity investments in industrial companies, while increasing its investment capabilities.
Global retailing[edit]
Rallye[edit]
In 1991 he acquired the Brittany-based retailer Rallye, which at the time was facing serious cash flow issues/challenges. Convinced of the future potential for retailing and the benefits of combining the two companies, in 1992 he engineered a merger of Rallye with Groupe Casino, thereby becoming Groupe Casino's largest shareholder.
Groupe Casino[edit]
In 1997, a hostile takeover bid for Groupe Casino by rival retailer Promodès[5] was thwarted by the successful counter offer [6] from Jean-Charles Naouri, the Guichard family and Casino management, thereby maintaining the Group's independence.
In March 2005, Jean-Charles Naouri became chairman and chief executive officer of Casino Group,[7]
In France, Jean-Charles Naouri has refocused French operations in the convenience format segment, Groupe Casino's core business, and also positioned Casino in the discount segment by developing the Leader Price chain and the Cdiscount e-commerce website acquired in 2000.
In 2012, Groupe Casino acquired a controlling interest in Brazilian retailer Pão de Açúcar, the country's largest private-sector employer.[8] The Group also purchased the 50% of French retailer Monoprix, which it did not already own, becoming the sole shareholder.[9]
In addition to his business activities, Jean-Charles Naouri is also the founder of the Euris Foundation, which he created in 2000. Each year, the Foundation grants 40 scholarships to promising high school graduates from impoverished neighbourhoods in France.[10]
He is also vice chairman of the Groupe Casino corporate foundation, which he founded in 2009 to improve access to culture and knowledge for children who are disadvantaged or suffering from illness. In addition, he is Honorary Chairman and Trustee of Ecole Normale Supérieure's Institut d’Expertise et de Prospective,[11] which is responsible for developing ties between the school and the corporate world.
In June 2013, Jean-Charles Naouri was appointed by France's Ministry of Foreign Affairs to be a special representative for Economic relations with Brazil.[12]
References[edit]
- ^ "Qui est vraiment Jean-Charles Naouri, le patron de Casino au coeur de la tourmente ?". 24 May 2019.
- ^ Jean Charles Naouri - Executive profile, Bloomberg Businessweek]
- ^ Jean-Charles Naouri - Brief biography, Reuters
- ^ Bookish Frenchman becomes Brazil retail kingpin, Chicago Tribune,June 21, 2013
- ^ French Grocery Chain Raises Hostile Bid, the New York Times, September 26, 1997
- ^ Casino Guichard-Perrachon S.A. History, Funding Universe
- ^ Jean-Charles Naouri becomes CEO of Casino, Retail Analysis, March 24, 2005
- ^ Casino to Become Sole Controller of Brazil’s Pao de Acucar, Bloomberg, May 15, 2012
- ^ Dean Best, Casino's Monoprix acquisition cleared, Just Food, July 10, 2013
- ^ L'excellence des lycéens défavorisés récompensée, Le Figaro, October 22, 2010
- ^ Jean-Charles Naouri est nommé président de l'Institut d'expertise et de prospective de l'Ecole normale supérieure, Les Echos, January 22, 2001
- ^ Jean-Charles Naouri appointed special representative for economic relations with Brazil, International supermarket news, August 21, 2013