SGS–Picaud G: management, 202403– CEO joined 202312 as CFO before Holcim + Essilor + Safic Alcan + ED&F Man Group

	Period	2024-03-26
	Predecessor	SGS–Picaud G: management, 202312– CFO before Holcim + Essilor + Safic Alcan + ED&F Man Group
	Organisation	SGS S.A.
	Group	SGS (Group)
	Organisation 2	OTHER
	Product	analytical services
	Person	Picaud, Géraldine (SGS 202403– CEO joined 202312 as CFO before Holcim + Essilor + Safic Alcan + ED&F Man Group)
	Person 2	Ng, Frankie (SGS –201505–202403 CEO STEPPED DOWN 3/24)

SGS S.A.. (1/26/24). "Press Release: Géraldine Picaud to Succeed Frankie Ng as Chief Executive Officer".

Ad hoc announcement pursuant to Art. 53 LR

SGS is pleased to announce the appointment of Géraldine Picaud as Chief Executive Officer, effective from the Annual General Meeting of 26 March 2024. She will succeed Frankie Ng who has expressed his desire to step down while ensuring a smooth leadership transition. The decision of the Board of Directors followed a rigorous selection process.

Géraldine Picaud joined SGS on 1 December 2023 to lead Finance, Digital and Strategic Transformation, Mergers & Acquisitions, IT and Procurement, bringing with her a wealth of experience in senior management positions. Prior to this, she was Group Chief Financial Officer and member of the Executive Committee at Holcim, a global leader in building solutions. She also served as Group CFO and member of the Executive Committee at Essilor International, the world leader in eye care. She is currently a non-executive director and chairwoman of the Audit Committee at Danone.

Calvin Grieder, Chair of the Board of Directors, expressed the Board’s confidence in the transition, saying:

“The Board is delighted to welcome Géraldine Picaud to the helm of our Group. She is an inspiring leader bringing the right blend of strategic vision and operational execution skills to SGS. She has the Board of Directors’ confidence in driving the Group in its next phase of growth and profitability.

"As we start an orderly management transition, we thank Frankie very warmly for his dedication over the last nine years in turning SGS into the global leader it is today. Thanks to his pioneering vision, SGS is recognized today as the gold standard in the Testing, Inspection and Certification industry.”

In response to her appointment, Géraldine Picaud, CEO Designate, expressed her excitement, stating:

“I am honored to assume the role of Chief Executive Officer and build on the strong foundation laid by Frankie. SGS is an iconic global leader in the Testing, Inspection and Certification industry, with exceptional people and enormous future potential. I look forward to leading such a great company and to driving positive change in this dynamic industry.”

During Frankie Ng’s nine-year tenure as Chief Executive Officer, SGS experienced a significant expansion and became the world’s undisputed leader for Testing, Inspection and Certification services. Frankie Ng declared:

“I am delighted to be handing over my role to Géraldine Picaud whose energy and passion will no doubt lead SGS to new heights. It has been an exciting 30-year journey at SGS, and I would like to recognize the dedication and contributions of my 99,600 colleagues without whom the success of the Group would not have been possible.”

About SGS

We are SGS – the world's leading testing, inspection and certification company. We are recognized as the global benchmark for sustainability, quality and integrity. Our 99,600 employees operate a network of 2,600 offices and laboratories, working together to enable a better, safer and more interconnected world.

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