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Thermador Groupe Mourns the Loss of Founder Guy Vincent

Graphique de l'évolution du cours de l'action Thermador Groupe (EPA:THEP).

Thermador Groupe's founder, Guy Vincent, passed away on April 19, 2024, at the age of 93. Known for his straightforward approach and integrity, Vincent was celebrated for his visionary ideals and the innovative practices he instituted within his company. After losing his job post-1968 student protests, he established distinct and progressive policies that included transparency in financial affairs, placement of women in crucial roles, and profit-sharing. Vincent's firm, initially almost named 'Thermidor', reflected his admiration for revolutionary changes.

In 1987, Vincent took Thermador public on the Lyon secondary market and was noted for his commitment to shareholder engagement, drawing from comparisons to Air Liquide’s strategies. Until passing control of the company in 2011, he maintained a principle against financial manipulations that could compromise stakeholders' trust. At the time of his retirement, he left behind a financially stable group devoid of debt and owning its real estate. His legacy continues to inspire current leadership and operations within Thermador Groupe.

Thermador honors Vincent's contributions and commitment to the company's ethos, remembering him as a leader who valued ethical success over personal gain. The company extends its sympathies to his family, with whom they share a close relationship reflective of Vincent's values.

R. H.

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