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Muriel Pénicaud

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Muriel Pénicaud
Minister of Labour
In office
17 May 2017 – 6 July 2020
PresidentEmmanuel Macron
Prime MinisterÉdouard Philippe
Preceded byMyriam El Khomri
Succeeded byÉlisabeth Borne
Personal details
Born (1955-03-31) 31 March 1955 (age 69)
Versailles, France
Political partyLa République En Marche!
Children2
Alma materParis Nanterre University
University of Strasbourg
INSEAD

Muriel Pénicaud (born 31 March 1955) is a former French business executive who has been serving as her country's ambassador to the Organisation for Economic Co-operation and Development (OECD) since 2020.[1] She previously served as the Minister of Labour in the government of Prime Minister Édouard Philippe from 17 May 2017 to 6 July 2020. In the private sector, she was the executive vice president of human resources at Dassault Systèmes from 2002 to 2008, and at Groupe Danone from 2008 to 2014.[2][3]

Early life

A native of Versailles, Pénicaud was born on 31 March 1955.[4] In 1975, she graduated from Paris Nanterre University with a bachelor's degree in history and a master’s degree in Education sciences the following year.[5] She completed her studies with a DEA (Master of Advanced Studies) in Clinical Psychology.[5] In 1995 she graduated from INSEAD Business School.[6]

Career

Pénicaud worked as a regional administrator on job-training missions before moving to the French Minister of Labour from 1985 to 2002.[4][7] She was an advisor to Minister Jean-Louis Bianco from 1991 to 1992, and to Minister René Teulade from 1992 to 1993.[4]

Pénicaud worked for Groupe Danone from 1993 to 2002.[4] She was the Executive Vice-President of Organization, Human Resources and Sustainable Development for Dassault Systèmes from 2002 to 2008.[4] She returned to the Groupe Danone in 2008, where she was Executive Vice-President for Human Resources under chairman Franck Riboud until 2014.[4] She received between 2012 and 2014 more than 4.7 million euros of remuneration for this activity. In addition, in April 2013, she realized a capital gain of 1,1 million euros by dismissing 900 employees.[8]

Pénicaud was appointed as the French Ambassador for International Investment in May 2014, and as the CEO of Business France on 1 January 2015.[4] In this capacity, she promoted foreign investment in France to boost job creation.[9] By 2017, her personal wealth was at around 7.5 million euros ($8.8 million).[10]

Pénicaud was appointed as the French Minister of Labour in the government of Prime Minister Édouard Philippe on 17 May 2017.[9][3] At the time of her appointment, she was seen as widely respected by the country's trade unions.[11] During her time in office, France’s unemployment rate fell back in 2019 to reach its lowest level since the end of 2008.[12] She nonetheless set quotas that year for the first time for the number of immigrant workers from outside the European Union France allows into the country.[13] She also oversaw the government's early measures in response to the COVID-19 pandemic in France, when around 7.8 million people were on temporary unemployment packages by the end of May 2020.[14]

Ahead of the 45th G7 summit, Pénicaud chaired the meeting of G7 ministers of labour, in the presence of international social partners, the ILO, the OECD and the World Bank.[15]

Other activities

Corporate boards

  • SNCF, Member of the Board of Directors (2013-2017)[16]
  • Paris-Saclay, Member of the Board of Directors[17]
  • Orange, Member of the Board of Directors (2011-2014)

Non-profit organizations

Controversies

A formal investigation was opened in July 2017 into "possible favouritism" in awarding the organization of Business France technology event in Las Vegas to Havas public relations agency during Pénicaud's tenure.[19] The French daily Libération claimed that Pénicaud was suspected of having provided a "truncated overview of the audit" to Business France's board of directors.[20]

As a human resources director at Danone in the 1990s, Pénicaud made $1.4 million from stock options while cutting 900 jobs, according to Bloomberg.[21]

Personal life

Pénicaud has two children.[9]

Honours

Muriel Pénicaud was awarded the insignia of Chevalier de la Légion d’Honneur (Knight in the Order of the Legion d’Honneur) on 30 January 2008,[22] then Officier (Officer) on 13 November 2014.[23]

References

  1. ^ Manon Malhère (August 26 2020), Muriel Pénicaud, ambassadrice auprès de l'OCDE Le Figaro.
  2. ^ "Gouvernement Castex en direct : Darmanin nommé ministre de l'intérieur, Dupond-Moretti garde des sceaux et Bachelot à la culture". Le Monde.fr (in French). 6 July 2020.
  3. ^ a b "Muriel Pénicaud, une ministre du Travail au "profil exemplaire" selon les patrons". L'Express. 17 May 2017. Retrieved 17 May 2017.
  4. ^ a b c d e f g "Executive Management". Business France. Archived from the original on 2 May 2017. Retrieved 17 May 2017.
  5. ^ a b "Qui est Muriel Pénicaud, la nouvelle ministre du Travail ?". Europe 1 (in French). 17 May 2017.
  6. ^ "Muriel Pénicaud (AMP'95Jul), nommée ministre du Travail". INSEAD Alumni Association France (in French). 23 March 2015.
  7. ^ Nicholas Vinocur (November 14, 2017) Muriel Pénicaud’s magic formula to fix France Politico Europe.
  8. ^ http://www.liberation.fr/france/2017/07/27/la-juteuse-plus-value-boursiere-de-muriel-penicaud-chez-danone_1586672
  9. ^ a b c Cathelinais, Coralie (17 May 2017). "Muriel Pénicaud, l'ancienne DRH de Danone, devient ministre du Travail". BFM Business. Retrieved 17 May 2017.
  10. ^ Gus Trompiz, Emmanuel Jarry, Marine Pennetier and Michel Rose (December 16, 2017), Elysee plays down opulence of Macron birthday at Loire chateau Reuters.
  11. ^ Leigh Thomas and Caroline Pailliez (June 19, 2017), With parliament in the bag, France's Macron faces union test Reuters.
  12. ^ Sudip Kar-Gupta (August 14, 2019), French jobless rate fell in second-quarter to lowest level since end-2008 Reuters.
  13. ^ Nicolas Delame (November 5, 2019), France to implement quotas for labor immigration: minister Reuters.
  14. ^ Dominique Vidalon and Sudip Kar-Gupta (June 17, 2020), 7.8 million French on temporary unemployment packages at end-May: minister Reuters.
  15. ^ Manon Malhère (August 26 2020), Muriel Pénicaud, ambassadrice auprès de l'OCDE Le Figaro.
  16. ^ "OUR BOARD OF DIRECTORS". SNCF. Retrieved 17 May 2017.
  17. ^ "Board of Directors". Paris-Saclay. Retrieved 17 May 2017.
  18. ^ World Economic Forum Appoints Two New Members to its Board of Trustees World Economic Forum, press release of 15 November 2019.
  19. ^ Elizabeth Pineau (May 8, 2018), French Labor minister summoned over PR contract Reuters.
  20. ^ Halissat, Ismaël (3 July 2017). "Affaire Las Vegas : le tour de passe-passe de Pénicaud". Libération.fr (in French).
  21. ^ "Macron Vows Millionaire Minister Will Cut Worker Protection". BloombergQuint. 3 August 2017.
  22. ^ "Décret du 30 janvier 2008 portant promotion et nomination". Légifrance (in French).
  23. ^ "Décret du 13 novembre 2014 portant promotion et nomination". Légifrance (in French).
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