×
253
Fashion Jobs
ADIDAS
Manager HR
Permanent · BENGALURU
SV MANAGEMENT CONSULTANTS
dy. Manager/ Shift in Charge - Production - Indore
Permanent · Indore
UNISON INTERNATIONAL CONSULTING
Garment Technician
Permanent · National Capital Region
WAYCOOL FOODS AND PRODUCTS
Area Sales Manager/ Sales Officer
Permanent · Chennai
KENAN MANAGEMENT CONSULTANTS
Regional Sales Manager / Area Sales Manager
Permanent · Chennai
VAMSHA RETAIL VENTURES
Foor Manager - Retail Garment Showroom
Permanent · Mayiladuthurai
VAMSHA RETAIL VENTURES
Branch Manager - Retail Garment Showroom
Permanent · Mayiladuthurai
HERITAGE FOODS
Required Area Sales Manager - Vijayawada @ Heritage Foods Ltd
Permanent · Vijayawada
ACULIFE HEALTHCARE
Job Opportunity For Area Sales Manager @ Aculife Healthcare Pvt Ltd
Permanent · Ludhiana
MACROHIRE
Area Sales Manager - Beverage ll Tirupati
Permanent · Tirupati
SMAP LOGISTICS
Area Sales Manager / Smap Logistics
Permanent · Jaipur
SAKSHAM TECHNOLOGIES
Area Sales Manager- Process Equipment Division
Permanent · Hyderabad
RASHMI GROUP MUMBAI
Sales Managers/ Executives (Real Estate) Location: Vasai
Permanent · Mumbai
SAKSHAM TECHNOLOGIES
Area Sales Manager- Medical Equipment Division
Permanent · Bengaluru
DTDC EXPRESS
Sales Manager
Permanent · National Capital Region
PROMETO CONSULTING
Fmcg Area Sales Manager
Permanent · Coimbatore
RESPICARE SOLUTIONS
Area Sales Manager /Business Development Manager-Kolkata
Permanent · Kolkata
GENIUS CONSULTANTS
we Are Looking For Sales Manager in Reputed Logistic Organization
Permanent · Ahmedabad
RJCUBE STAFFING SOLUTIONS
Senior Garment Technician For Buying House, Noida Sector 59
Permanent · Noida
HIRING PLUS HR SOLUTION
Icici / Sales Manager / Home Loan ,
Permanent · Vadodara
TALENT CORNER HR SERVICES
Production Manager
Permanent · Bhiwandi
ALUDECOR LAMINATION
Area Sales Manager- Navi Mumbai
Permanent · Navi Mumbai
By
AFP
Published
Jun 16, 2011
Reading time
2 minutes
Share
Download
Download the article
Print
Click here to print
Text size
aA+ aA-

L'Oreal small shareholders call for Bettencourt to resign

By
AFP
Published
Jun 16, 2011

June 15 - A group of small shareholders in L'Oreal called Wednesday for heiress Liliane Bettencourt to resign from the cosmetic giant's board of directors amid reports that the 89-year-old has a brain disease.

Liliane Bettencourt, L'Oréal
Liliane Bettencourt

The APPAC association said the resignation was necessary as shareholders had not been informed of her mental state when they renewed her mandate for four years at the company's annual general meeting on April 22.

The call comes amid a bitter feud between Bettencourt and her daughter, Francoise Bettencourt-Meyers, and after doctors reportedly said the heiress was unable to run her affairs and should be placed under legal guardianship.

"APPAC is surprised by the legal action expedited by (Bettencourt-Meyers) with a view to having her placed under enhanced legal guardianship for medical reasons that were known well before the meeting without shareholders being informed," said a statement.

The association pointed out that the Bettencourts are L'Oreal's main shareholders ahead of Swiss conglomerate Nestle and that the renewal of her mandate was approved by 97 percent of those who voted.

APPAC called "on Mrs Liliane Bettencourt to resign her mandate on L'Oreal's board of directors and for the company to name an independent board member to represents either employees or individual shareholders.

"This is necessary to avoid any judicial procedure to have the vote renewing Mrs Bettecourt's mandate annulled," the statement said.

A source told AFP on Tuesday that court-appointed doctors said Bettencourt has a brain disease, is unable to run her affairs and must be placed under enhanced legal guardianship.

Bettencourt-Meyers has also taken legal action alleging that her mother is prey to hangers-on who want to defraud her.

Bettencourt, France's richest woman, "must be given a measure of protection in carrying out her civil life, regarding her patrimony and personal affairs, in the form an enhanced legal guardianship," the medical report said.

The type of "enhanced legal guardianship" recommended by the doctors would allow the appointed guardian to oversee Bettencourt's spending but falls short of granting the guardian the status of a full legal trustee.

Bettencourt's fortune is estimated at around 15 billion euros ($21.7 billion).

Copyright © 2023 AFP. All rights reserved. All information displayed in this section (dispatches, photographs, logos) are protected by intellectual property rights owned by Agence France-Presse. As a consequence you may not copy, reproduce, modify, transmit, publish, display or in any way commercially exploit any of the contents of this section without the prior written consent of Agence France-Presses.