Galeries Lafayette: Motier holding announces generational governance shift

What: Motier, the Moulin Family's holding company, has restructured its governance, with Philippe Houzé becoming Chairman and Nicolas Houzé appointed as Executive Chairman of the Galeries Lafayette Group.

Why it is important: This transition marks a significant generational shift in leadership within the Moulin Family, positioning the fifth generation to steer the future direction of their diverse business interests, including Galeries Lafayette, La Redoute, and their stake in Carrefour.

In a significant move reflecting a generational shift, Motier, the holding company of the Moulin Family, has restructured its governance. Madame Ginette Moulin has stepped down, with Philippe Houzé taking over as Chairman of Motier. Nicolas Houzé has been appointed as Executive Chairman of the Galeries Lafayette Group, tasked with driving the strategic vision and transformation of the group. This evolution aligns with the family's long-term plan to integrate the fifth generation into key leadership roles across their various business assets