Lagardère shake-up: Perol moves to Relais; replaced at Aelia by Jean-Baptiste Morin – 14/09/07

Michel Perol: On the move from Aelia


FRANCE/INTERNATIONAL. Lagardère Services today announced a major management shake-up and what it described as a diversification of its retail activities.

Michel Perol, currently CEO of Lagardère’s French and international duty free subsidiary Aelia, moves to the post of Chief Executive Officer of Relais H SNC, the parent company’s French travel retail business.

Jean-Baptiste Morin, formerly Chief Executive Officer of HDS Retail North America, the group’s North American retail division becomes Aelia CEO.

Simultaneously, Lagardère Services Chief Operating Officer Louis De Rostolan has been appointed by Chief Executive Officer Jean-Louis Nachury to carry out “a vast diversification project” for the group’s retail activities.

Rolostan will supervise Aelia and Relais H in France, as well as HDS Retail North America and HDS Canada.

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