2.2 General Partners and Managing Partners

2.2.1 GENERAL PARTNERS

The General Partners are:

• Arnaud Lagardère, domiciled at 4, rue de Presbourg, 75016 Paris, France, appointed in this capacity by the Extraordinary General Meeting of shareholders on 13 May 2003;
• Arjil Commanditée-Arco, a French joint-stock corporation with share capital of €40,000, whose registered office is located at 4, rue de Presbourg, 75016 Paris, France, registered with the Paris Trade and Companies Registry under number 387 928 393, appointed in this capacity by the Extraordinary General Meeting of shareholders on 30 December 1992.

2.2.2 MANAGING PARTNERS

The General Management of the Company is the responsibility of the Managing Partners, who are appointed by the General Partners with the approval of the Supervisory Board.
Each executive corporate officer represents and commits to the Company in its relations with third parties.
The Managing Partners are responsible for:

• determining the Group’s strategy;
• guiding development and control;
• making the necessary major management decisions and ensuring that those decisions are implemented both at the level of the parent company and in the various divisions.

The Company’s two Managing Partners are:

• Arnaud Lagardère; and
• Arjil Commanditée-Arco.

Significant changes currently planned concerning the Managing Partners will be put to the General Meeting of shareholders on 30 June 2021 (see section 6.1.1.3).

Items appearing in the Annual Financial Report are cross‑referenced with the following symbol AFR

2.2.2.1 ARNAUD LAGARDÈRE

Managing Partner, Lagardère SCA Chairman and Chief Executive Officer, Arjil Commanditée-Arco SA, and Managing Partner, Lagardère SCA
4 rue de Presbourg, 75116 Paris, France Date of birth: 18 March 1961 Nationality: French	Number of Lagardère SCA shares held directly and indirectly at 31 December 2020 (see section 2.9.8.1): 9,521,625. Arnaud Lagardère holds a DEA post-graduate degree in economics from the University of Paris Dauphine. He was appointed Director and Chief Executive Officer of MMB (which became Lagardère SCA) in 1987, and was Chairman of the US company Grolier Inc. from 1994 to 1998. Arnaud Lagardère was appointed Managing Partner following a decision of Arjil Commanditée-Arco, which was approved by the Supervisory Board on 26 March 2003, and the Supervisory Board approved the General Partners’ proposals to renew his appointment on 11 March 2009 and 11 March 2015 for successive six-year terms, and on 17 August 2020 for a four-year term expiring on 17 August 2024. Arnaud Lagardère controls and is the Chairman of Lagardère SAS, LM Holding SAS and Lagardère Capital SAS (formerly Lagardère Capital & Management), with which he held a 7.26% stake in Lagardère SCA at 31 December 2020 (see section 2.9.8.1).
	Directorships and other positions held in the Group (at 31 December 2020) In France: ► Chairman and Chief Executive Officer and Chairman of the Board of Directors, Lagardère Media SAS ► Director, Hachette Livre SA ► Chairman of the Supervisory Board, Lagardère Travel Retail SAS ► Chairman of the Supervisory Board, Lagardère Active SAS ► Director, Lagardère Ressources SAS ► Chairman, Fondation Jean-Luc Lagardère ► Chairman, Lagardère Paris Racing Ressources sports association (not-for-profit organisation) ► Chairman, Lagardère Paris Racing sports association (not-for-profit organisation) International: ► Chairman, Lagardère North America (United States)	Directorships and other positions held outside the Group (at 31 December 2020) In France: ► Chairman, Lagardère SAS ► Chairman, Lagardère Capital (formerly Lagardère Capital & Management SAS) ► Chairman, Lagardère Management SAS ► Chairman, LM Holding SAS
	Former directorships and other positions held in the last five years In France: ► Chairman of the Executive Committee, Lagardère Sports and Entertainment SAS (until October 2019) ► General Manager, Europe 1 Digital (SARL) (formerly Lagardère News) (until March 2020) ► General Manager, Europe News SNC (until March 2020) ► Chairman, Europe 1 Télécompagnie SAS (until March 2020) ► Chairman, Lagardère Médias News SAS (until March 2020) International: ► Chairman, Lagardère Sports LLC, formerly Lagardère Sports Inc. – United States (until February 2020) ► Deputy Chairman, Lagardère Active Broadcast – Monaco (until March 2020) ► Chairman, Lagardère Sports US LLC, formerly Sports Investment Company LLC – United States (until April 2020) ► Member of the Board of Directors, Lagardère Sports Asia Investments Ltd – Singapore (until April 2020) ► Member of the Board of Directors, Lagardère Sports Asia Holdings Ltd – Singapore (until April 2020)

2.2.2.2 ARJIL COMMANDITÉE-ARCO

A French joint-stock corporation with share capital of €40,000.
4 rue de Presbourg – 75116 Paris, France.
Registered with the Paris Trade and Companies Registry under number 387 928 393.
Represented by Arnaud Lagardère, Pierre Leroy and Thierry Funck-Brentano.
Arjil Commanditée-Arco was appointed as a Managing Partner further to a decision of the General Partners approved by the Supervisory Board on 17 March 1998, and the Supervisory Board approved the General Partners’ proposals to renew its appointment on 12 March 2004, 10 March 2010 and 9 March 2016 for successive six-year terms, with the latest term expiring on 17 March 2022.
Arjil Commanditée-Arco does not hold any directorships or other positions.
At the time of the most recent re-appointment of Arjil Commanditée- Arco on 9 March 2016, in application of the provisions of article 14-2 of the Articles of Association and based on a recommendation of the General Partners, the Supervisory Board re-appointed, within Arjil Commanditée-Arco:

• Arnaud Lagardère, as Chairman and Chief Executive Officer;
• Pierre Leroy, as Deputy Chairman and Chief Operating Officer;
• Thierry Funck-Brentano, as Chief Operating Officer.

As legal representatives of Arjil Commanditée-Arco, Managing Partner of Lagardère SCA, Pierre Leroy and Thierry Funck-Brentano act as “Co-Managing Partners” of Lagardère SCA and are, along with Arnaud Lagardère, executive corporate officers.
Positions held by the legal representatives of Arjil Commanditée-Arco in other companies (at 31 December 2020):

ARNAUD LAGARDÈRE (SEE ABOVE)

PIERRE LEROY Co-Managing Partner of Lagardère SCA Secretary General of the Lagardère group
4 rue de Presbourg, 75116, Paris, France Date of birth: 8 October 1948 Nationality: French	Number of Lagardère SCA shares held at 31 December 2020: 105,135 Pierre Leroy is a graduate of the École Supérieure de Commerce de Reims business school and holds a degree in law. He has spent his entire career with the Lagardère group. He was appointed Director and Chief Executive Officer of MMB (which became Lagardère SCA) in 1987, then Chairman and Chief Executive Officer of Lagardère Sociétés in 1988 and Secretary General of the Lagardère group in 1993. He was appointed Co-Managing Partner of Lagardère SCA in March 2004 and was re-appointed in 2010 and 2016.
	Directorships and other positions held in the Group (at 31 December 2020) In France: ► Director, Deputy Chairman and Chief Operating Officer, Lagardère Media SAS ► Chairman and Chairman of the Board of Directors, Lagardère Ressources SAS ► Director, Hachette Livre SA ► Member of the Supervisory Board, Lagardère Travel Retail SAS ► Member of the Supervisory Board, Lagardère Active SAS ► Chairman of the Supervisory Board, Société d’Exploitation des Folies Bergère SAS ► Chairman, Lagardère Participations SAS ► Chairman, Lagardère Expression SAS ► Chairman, Dariade SAS ► Chairman, Sofrimo SAS ► Director, Fondation Jean-Luc Lagardère ► Chairman and Chief Executive Officer, Lagardère Paris Racing Ressources SASP International: ► Director, Lagardère Active Broadcast SA – Monaco ► Member of the Board of Directors, Lagardère UK Ltd – United Kingdom	Directorships and other positions held outside the Group (at 31 December 2020) In France: ► Chief Operating Officer, Lagardère Capital SAS, formerly Lagardère Capital & Management ► Chief Executive Officer, Lagardère Management SAS ► Chairman, IMEC (Institut Mémoires de l’Édition Contemporaine) ► Chairman, Mémoire de la Création Contemporaine Endowment Fund ► Chairman of the jury for the Prix des Prix literary awards ► Chairman of the jury for the Prix de la littérature arabe literary awards ► Director, Bibliothèque nationale de France Endowment Fund
	Former directorships and other positions held in the last five years In France: ► Permanent representative of Lagardère Participations on the Board of Directors of Galice SA (until January 2015) ► Manager, Team Lagardère SNC (until January 2016) ► Liquidator, Financière de Pichat & Compagnie SCA (until May 2016) ► Representative of Lagardère Participations as Chairman of Hélios SAS (until January 2017) ► Director, Ecrinvest 4 SA (until June 2017) ► Chairman, Holpa SAS (until November 2019)

THIERRY FUNCK-BRENTANO Co-Managing Partner of Lagardère SCA Chief Human Relations, Communications and Sustainable Development Officer, Lagardère group
4 rue de Presbourg, 75116, Paris, France Date of birth: 2 May 1947 Nationality: French	Number of Lagardère SCA shares held at 31 December 2020: 202,089 Thierry Funck-Brentano holds a master’s degree in management from the University of Paris Dauphine as well as an MBA from Northwestern University (Kellogg) in the United States. He has spent his entire career with the Lagardère group. He was appointed Co-Managing Partner of Lagardère SCA in March 2010, and was re-appointed in 2016.
	Directorships and other positions held in the Group (at 31 December 2020) In France: ► Director and Chief Operating Officer, Lagardère Media SAS ► Permanent representative of Lagardère Media SAS on the Board of Directors of Hachette Livre SA ► Member of the Supervisory Board, Lagardère Active SAS ► Member of the Supervisory Board, Lagardère Travel Retail SAS ► Chairman, Lagardère Live Entertainment SAS ► Director, Lagardère Ressources SAS ► Member of the Supervisory Board, Société d’Exploitation des Folies Bergère SAS ► Director, Fondation Jean-Luc Lagardère ► Director, Secretary General and Treasurer, Lagardère Paris Racing Ressources sports association (not-for-profit organisation) ► Secretary General and member of the steering committee, Lagardère Paris Racing sports association (not-for-profit organisation) International: ► Director, Lagardère Active Broadcast SA– Monaco	Directorships and other positions held outside the Group (at 31 December 2020) In France: ► Director, Lagardère Capital SAS (formerly Lagardère Capital & Management)
	Former directorships and other positions held in the last five years In France: ► Representative, Lagardère Sports and Entertainment, Chairman, Lagardère Unlimited Stadium Solutions SAS (until January 2017) ► Chairman of the Supervisory Board, Matra Manufacturing & Services SAS (until June 2017) ► Director, Ecrinvest 4 SA (until June 2017) ► Member of the Executive Committee, Lagardère Sports and Entertainment SAS (until October 2019) ► Chairman, Lagardère Sports and Entertainment SAS (until April 2020) International: ► Member of the Board of Directors, Lagardère Sports Asia Holdings Ltd – Singapore (until April 2020) ► Member of the Board of Directors, Lagardère Sports Asia Investments Ltd – Singapore (until April 2020)

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