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Gemalto announces future CEO succession

April 2016 by Marc Jacob

Gemalto announced that Chief Executive Officer Olivier Piou has decided to retire from the Company at the end of August, 2016. Mr. Philippe Vallée, currently Chief Operating Officer of Gemalto, will be proposed by the Board of directors at the annual general meeting of shareholders to become an Executive Director of the Board and the Company’s new CEO, effective September 1, 2016. Mr. Piou will be proposed by the Board to continue to serve as a Non-Executive Director of the Company as of the same date.

Olivier Piou, 57, who joined in 1981, has led the Company 18 years, first known as the Smart Cards division of Schlumberger. He introduced it to the stock market in 2004 under the name of Axalto, and then conducted the successful merger of equals with Gemplus, which created Gemalto in 2006. Under his leadership Gemalto became the foremost digital security company, doing business in 190 countries with more than 14,000 employees of over 100 nationalities. Most people today have Gemalto technology in their pocket, be it a banking card with a chip to pay, a SIM in their mobile phone to communicate and access the Internet, an electronic passport to travel safely, a corporate authentication badge to work in and away from the office, as well as many other smart objects whose capabilities are enabled and remotely managed by the Company’s software, platforms and services.

Philippe Vallée, 51, joined the Company in 1992. He is Gemalto’s Chief Operating Officer, with operational responsibility for all the Company’s businesses. In this position, he confirmed his visionary approach as well as his superior skills to manage a truly global and diversified business. He successfully led critical projects for the Company such as the EMV ramp up in the US, the integration of SafeNet, the Group’s biggest acquisition to reinforce Gemalto presence in the rapidly growing space of cyber security, and the development of Government Programs to capture the growth of this expanding market. Mr. Vallée has 27 years of experience in the digital security space, both on the embedded software and product side and on the back-end data center and cloud technology side. He graduated from the Institut National Polytechnique de Grenoble engineering school and from the ESSEC business school. He has held a number of executive roles in Gemalto, during which he developed his technological knowledge, his marketing skills and his leadership capacity, including Executive Vice President Telecom, Vice President of Sales & Business Development, and Chief Technology Officer. He has international leadership experience, having served in senior positions in Europe and Asia. In addition to his role in the Company’s achievements for the Telecom industry, Mr. Vallée was the architect of Gemalto’s successful development in the Internet of Things, Enterprise and Platforms & Services activities, significantly contributing to its transformation.


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