The Société des Bains de Mer (SBM) has announced the appointment of its new Chairman, Philippe Valeri, following the retirement of Jean-Luc Biamonti. Valeri, a graduate of the ESCP Business School, brings a wealth of experience to his new role, having previously chaired the National Council of the Principality of Monaco and served as Minister of Social Affairs and Health. With a strong connection to SBM and a deep understanding of the company’s operations, Valeri is eager to continue the success of this renowned establishment.
A Distinguished Career:
Philippe Valeri has an impressive background, having chaired the National Council of the Principality of Monaco from 2003 to 2010 and again from 2018 to 2022. He also served as the Minister of Social Affairs and Health from 2010 to 2017, during which he successfully led reforms in the private sector pension system and championed the implementation of teleworking. Valeri’s extensive experience in government and his commitment to social welfare make him a fitting choice for the role of Chairman at SBM.
A Long-Standing Relationship:
The Société des Bains de Mer acknowledged that Valeri has been closely following its progress since 2003, indicating his deep interest and familiarity with the company. In September 2022, Valeri joined SBM’s Board of Directors as a Director and was subsequently ratified by the shareholders at the Ordinary General Meeting held last month. This progression within the organization demonstrates the trust and confidence placed in Valeri by his peers.
A Promising Future:
Expressing his pride in assuming the position of Chairman, Valeri acknowledged the significant contribution of his predecessor, Jean-Luc Biamonti, in ensuring SBM’s current strong economic and financial standing. Valeri expressed gratitude to the Board of Directors for their confidence and emphasized his commitment to continuing the prosperity and reputation of SBM as a leading economic entity in the Principality. With a family history deeply intertwined with the company, Valeri is dedicated to upholding SBM’s legacy and fostering its ongoing success.
The appointment of Philippe Valeri as the new Chairman of the Société des Bains de Mer marks an important transition for the prestigious establishment. Valeri’s impressive career in public service, his familiarity with SBM, and his commitment to the company’s values and objectives make him an ideal choice for the role. With Valeri at the helm, SBM is poised to continue its positive trajectory, maintaining its position as an economic flagship in the Principality of Monaco. The future looks bright for SBM under Valeri’s leadership as the company thrives and shines in the years to come.