Our Governance and Business Project

Pioneering, the governance of Groupe Fondasol is based on an innovative model: majority employee ownership.

Promoting both collective and individual development, this model raises awareness among employees about economic challenges and directly involves them in the results and governance.

A guarantee of our independence, it allows us greater freedom in our strategic choices, particularly regarding decarbonization, digitalization, service offerings, and international expansion.

Majority employee ownership also reflects the strong human values of Groupe Fondasol. It places the well-being and development of our employees at the heart of our priorities. It strengthens close ties and trust-based relationships within the company. Finally, it ensures the preparation and continuity of the business's succession.

The cornerstone of our ambitious strategic plan, our governance also upholds our long-term objectives in terms of transformation and CSR (Corporate Social Responsibility).

Majority Employee Ownership and Inclusive Governance

75%: the share of capital owned by our employees
97%: the share of employee shareholders
Excluding subsidiaries in Africa, for regulatory reasons

In 2017, our management embarked on a unique governance project: to establish majority employee ownership in both capital and employee numbers.

Thus, after two capital operations carried out in 2017 and again in 2021, 75% of the capital is now owned by the employees and managers of the Group. In 2022, a second scheme was introduced through an employee mutual fund (FCPE). In 2024, the FCPE will open once again to meet employee demand and to offer it to new arrivals.

A unique space for exchange and transparency between employees and management, our model is a powerful driver for sharing the value created and ensures control over our strategic direction.

It offers the opportunity for us to collectively set the right future perspectives, with full autonomy and independence.

A governance structure at the service of our strategic plan.

Our governance model supports the implementation of our strategic transformation plan.

Ambitious, it combines agility and innovation, sustainability, and collective well-being to address the challenges of our time.

The goal? To evolve our offerings and our professions in order to provide responses that are in line with the needs of our clients and collective challenges.

Olivier Sorin and Stéphane Huguet, CEO and HR Director of the Fondasol Group, present the majority employee ownership implemented within the Group for the Grand Prix FAS 2022.

5 major strategic pillars

A digital revolution, relying on tools that leverage data, geostatistics, AI, and IH, to make decisions quickly and efficiently, and optimize the management of risks related to soil uncertainties in construction projects.
An expanded multidisciplinary offering to support our clients across all dimensions related to soils, structures, and infrastructure, from upstream to downstream.

R&D projects to promote the decarbonization of our professions, such as the design of CLEA, a "zero-emission," connected, electric, and autonomous drilling workshop.
Growing internationalization, particularly in Canada and Africa.
Supporting and fostering the development of our talents.

The key bodies of our governance

Executive Committee: Composed of 7 members, it meets twice a month to discuss the Group's strategic development priorities.

Olivier Sorin, Chief Executive Officer
Bertrand Delahousse, Chief Operating Officer
Caroline Notre Dame, Chief Administrative and Financial Officer
Catherine Jacquard, Technical Director
Marc Floreani, Sales Director
Philip Waked, Development Director - Founder and Deputy CEO of Prodetis
Stéphane Huguet, Human Resources Director

Operational Committee: Focused on the organizational aspects of the Group, it meets every two weeks with members of the Executive Committee responsible for Operations and Sales, subsidiary, regional, or department managers, and the Management Control department.

Expanded Executive Committee: Every quarter, it brings together regional, subsidiary, business department, or service directors, and since 2022, includes two representatives from employee shareholders.

Follow-up Committee: Every quarter, it brings together the Executive Committee and minority shareholders.

Employee Shareholder Meetings: Held biannually, these meetings address questions, support decision-making, inform, and consult employee shareholders on strategic issues.

Our minority shareholders, equity investors

BNP Paribas Développement, an investment fund of the BNP Paribas Group, manages €1 billion. It supports the growth of high-performing SMEs.
BTP Capital Investissement, a venture capital firm, invests in equity and quasi-equity in SMEs within the construction sector. Its shareholders include institutional players from the industry (French Building Federation, BTP Bank, SMA BTP, ProBTP).

Bpifrance finances companies through credit, guarantees, and equity. Bpifrance supports them in their innovation projects and international expansion.
AfricInvest, a leader in private equity in Africa, has been supporting the Franco-African Funds since 2017, which invest in French SMEs with a development project in Africa.
Etoile Capital, part of the Crédit du Nord Group, is a minority shareholder in the capital of French SMEs that are clients of the regional banks within the Crédit du Nord Group.