Sep 16, 2015
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Vente-Privée reinstates the position of CEO

Sep 16, 2015

Vente-Privée, which recently announced the acquisition of Belgian site vente-exclusive, has appointed a CEO, a position that was dropped after Hervé Parizot's departure in autumn 2014. To support Jacques-Antoine Granjon, alone in running the site since then, the event sales specialist went for continuity by appointing Charles-Hubert de Chaudenay, a member of Vente-Privée's board of directors since nearly ten years. 

Charles-Hubert de Chaudenay

Charles-Hubert de Chaudenay, 48, has hands-on knowledge of the label. He was involved in strategic decisions such as its shareholding reorganisation, the launch of entertainment-related projects and indeed international decisions as well, such as the recent withdraw from the USA. 

A former parachute commando in one of the French Army's elite corps, de Chaudenay began his career by joining Sisley's cosmetics sales department. An MBA from INSEAD then led him to financial roles within Crédit Suisse First Boston, where he expanded his know-how in financial markets and new technology mergers and acquisitions, in the post of managing director. He then joined the Crédit Agricole Corporate and Investment Bank, in charge of the telecom, media and technology industries.

Vente-Privée expects the reinstatement of the CEO post to help steer the company more effectively in these thorny times. Growth has not been as dynamic as it was a few years ago. In fact, sales in 2014 amounted to €1.7 billion, representing an 8% increase, as opposed to 23% a year earlier.

The financial statement was not officially published, as the portal wishes to concentrate its communications on new promotions, the key vectors for its growth.  

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