Laurent SCHMITT

EVP, Corporate Finance and Financial Communication; President of BOLD, L'Oréal Venture Fund

Greater Paris Metropolitan Region

About

EVP, member of the Finance & Legal ManCom of L'Oréal Group: . Head of Financial Communication . Head of Corporate Finance & Treasury . President of BOLD, Venture Capital Fund of L’Oreal Carbios: .Board Member and President of the Nomination and Remuneration Committee Fondation du Patrimoine: Board Member

Experience

  • L'Oréal Group (Paris)
    • Global Head of Corporate Finance and Financial Communication; CEO of BOLD, VC Fund of L’Oreal
      Oct 2012 - Present · 13 yrs 9 mos

      . Managing Group Financial Communication including IR . Managing Corporate Finance Teams (BP and valuations, due diligence, deal structuring, financing) . Managing Group Treasury & Financing including cash management, FX hedging, banking relationships, capital structure and operations in debt & equity markets . Managing investment asset portfolios for the Group employee pension and benefit liabilities . President of BOLD, Group Venture Capital fund . Board Member of Carbios (Pdt of the Nomination and Remuneration Committee) . Board Member at La Fondation du Patrimoine

    • SVP, Corporate Finance
      2009 - Sep 2012 · 3 yrs 9 mos

      See above as deputy head

  • Regional CFO at L'Oréal Africa/Middle-East/Pacific Zone
    2005 - 2008 · 3 yrs

    Sales: €1bn, 2.000 employees . Financial management and controlling of 11 business units and 2 factories . Financial performance: Sales +15%/year, operating margin +50 bp/year, strong improvement of cash flows within 3 years . Successful launch of 6 SAP projects (Australia, India, Morocco, Dubai, Lebanon, Ghana) . Establishment of new subsidiaries in Egypt, Pakistan and Nigeria . Restructured subsidiaries in Australia, New Zealand, and South Africa . Creation of a regional logistic hub in Dubai

  • CFO France at L'Oréal Professional Products Division
    2003 - 2004 · 1 yr

    Sales: €250m, 350 employees . Reinforcement of internal control systems and improved customer management by creating a P&L by client category . Design and implementation of innovative vendor lending programs to assist hair care professionals in the development of their businesses

  • General Manager at L'Oréal Luxe - Brazil
    1999 - 2002 · 3 yrs

    Sales: €25m, 120 employees . Rationalization and restructuring of commercial operations (cost cutting) . Strategic refocusing on selective distribution and opening of 10 new direct outlets in shopping malls . Led efficiency and profitability initiatives: margin improvement from 4% of sales to 12% of sales / rebound of sales growth within 2 years

  • CFO and Supply Chain Manager at L'Oréal Brazil
    1996 - 1999 · 3 yrs

    Sales: €500m, 1.200 employees . Head of corporate departments (controlling, accounting, tax, treasury, procurement, supply, and IT) and responsible for the controlling of 4 operating divisions and 2 factories . Successful launch of SAP . Implementation of internal control procedures . Opening of a distribution center (25.000 square meters) in Rio de Janeiro (productivity gains: +13%) . Management of the acquisition of Colorama brand and business