– PMU’S ORGANISATION AND GOVERNANCE –

1 Economic
Interest Group,

made up of 60 racing associations,
which are all non-profit associations. Among them, two parent companies organise and manage the races :

France Galop and Le Trot.

1 Board of Directors,
the 10 members of which are elected at the General Meeting: the Chairman-CEO, Deputy General Manager, 4 State representatives and 4 representatives of the parent companies.

This Board deliberates on all decisions concerning the company’s major strategic, economic, financial, commercial and technological orientations.

Each member has one vote, with a deciding vote attributed to the Chairman-CEO.

1 General Meeting,
bringing together representatives of the 60 EIG member racing associations twice a year. It approves the accounts and decides on the provisional budget. Every 4 years, it appoints the Chairman-CEO and, on the latter’s recommendation, the Deputy General Manager. These appointments must be approved by the French Ministry of Agriculture, Food and Forests and by the State Secretary for the Budget.

1 Joint Authority,
that of the Ministry of Agriculture, Food and Forests and the State Secretary for the Budget. Any new point of sale opening must be authorised by the Ministry of the Interior.

1 Management Committee,
managing the PMU. Its strategic decisions are submitted to the Board of Directors and the General Meeting.

– THE 10 MEMBERS OF THE MANAGEMENT COMMITTEE –

Xavier Hürstel

XAVIER
HÜRSTEL

Chairman-CEO

Alain Resplandy-Bernard

ALAIN
RESPLANDY-BERNARD

Deputy General Manager

Benoît Cornu

BENOÎT CORNU
Director of Communication

Bruno Frankiel

BRUNO FRANKIEL
Director of Human Resources

Florence de Noray

FLORENCE DE NORAY
Director of Finance

CHRISTOPHE LERAY

CHRISTOPHE LERAY
Director of Operations
and Information Systems

Samuel Loiseau

SAMUEL LOISEAU
Director of Marketing and Clients

Michel Oddos

MICHEL ODDOS
Director of Commercial Networks

Jean-François Bertrand

JEAN-FRANÇOIS BERTRAND
TV Centre Director

pierre pages

PIERRE PAGÈS
General Secretary

AYMERIC VERLET

AYMERIC VERLET
International Director