Eramet has announced that Christel Bories will succeed Patrick Buffet as the company’s CEO later in 2017. Bories was announced Deputy CEO in February and will be proposed as successor to Buffet as Eramet’s Chairman & Chief Executive Officer at the conclusion of the company’s General Meeting in May.
Departing CEO Patrick Buffet has been at the helm of Eramet for over ten years, through both a strong development phase and, more recently, a crisis in the raw materials sector. The Board of Directors’ decision to replace Buffet follows signs of recovery for Eramet in its 2016 financial reports.
Bories, a graduate of HEC Paris, is expected to lead the group in a new growth cycle. Prior to joining Eramet, she held high-level positions at multiple major corporations, including as CEO of manufacturing group Constellium in Schiphol-Rijk, Netherlands, from 2011-2013 and Deputy CEO of French pharmaceutical company Ipsen from 2013-2016. She is Independent Director of Legrand and Smurfit Kappa.
“I am delighted to join Eramet,” stated Bories. “I believe this group has very solid assets to successfully develop technological and R&D know-how, recognised expertise and commitment from its teams and a stable shareholder base which is focused on the future.”