Gilles Grapinet Explained

Gilles Grapinet
Birth Date:3 July 1963
Birth Place:Aix-en-Provence (France)
Education:École nationale d'administration (ENA)
Occupation:CEO of Worldline

Gilles Grapinet, born July 3, 1963, in Aix-en-Provence (Bouches-du-Rhône), is a French [1] [2] [3] [4] businessman.[5] [6] [7] [8] [9]

He is the CEO of Worldline, the European leader in the payments and transactional services industry, listed in the CAC 40.[10]

Education

Having studied at the Prytanee National Militaire de La Flèche (Sarthe), he obtained a Master's Degree in public law from the University of Aix-Marseille before joining the École nationale d'administration (ENA) in 1990.

Upon graduating from the ENA in 1992 (Condorcet class),[11] he became French Inspecteur Général des Finances[12]

Career

French Ministry

In 1996, he joined the French Tax Directorate where he was responsible in particular for management control, then strategy and information system.

From 2000 to 2002, he directed the Copernic program, a service with national jurisdiction aiming at overhauling and simplifying IT for the tax activities of the French Ministry of Economy and Finance[13]

In 2003, he joined the cabinet of the French Prime Minister Jean-Pierre Raffarin, as an advisor for economic and financial affairs. In 2004, he was appointed chief of staff to the Minister of Economy Hervé Gaymard, a position which he kept after Mr Gaymard’s resignation. He was Thierry Breton’s chief of staff until April 2007.

Businessman

In May 2007, he took over as interim director of the French National Audit Office before joining Crédit Agricole's general management as head of strategy.[14]

In 2009, he became deputy CEO of the Atos Group. Concurrently, in 2014, he oversaw the IPO of Atos’ payment business, Worldline, of which he became CEO a year before.[15]

In 2015, he brought together Worldline and the Dutch company Equens to give birth to the European leader in online payment.[16]

In May 2018, he led for Worldline the acquisition of SIX Payment Services, the payment services division of the Swiss Group SIX, for an amount of 2.3 billion euros financed mainly by the issuing of new shares. With the integration of the 1,600 employees of SIX Payment Services and its merchant acquisition activities and services serving more than 200,000 merchants for an income of around 530 million euros, Worldline achieved a 30% increase in its turnover as well as a number one position in Switzerland, Austria and Luxembourg. Worldline's ambition through this transaction was to create a European payment champion.[17]

In April 2019, following the announcement by Atos of the distribution of approximately 23.5% of the share capital of Worldline to its shareholders, he led the exit of Worldline from the consolidation scope of the Atos group, thus giving the company its new fully autonomous status.[18]

In February 2020, he announced the proposed public offer for all Ingenico shares, which would create, at the close of the transaction, the fourth largest player worldwide in the payment services sector with around 20,000 employees in 50 countries.[19]

Under his leadership, Worldline entered the CAC40,[20] the flagship index of the French stock exchange, at the end of February 2020. This mainly reflects the evolution of the Group’s liquidity and capitalisation from 2.2B Euros at the time of its listing on the French stock exchange in June 2014 to more than 11B Euros when it entered the CAC40.

He is also at the origin of the creation of EDPIA (the European Digital Payment Industry Alliance),[21] a professional organisation bringing together the main European Payments Services Providers (Ingenico, Nets, Nexi and Worldline) with the objective to better express the voice of all players from this industry to the European authorities and other stakeholders from the payments ecosystem. He is its first President.

At the end of October 2020, Gilles Grapinet announced the closing of the friendly acquisition of Ingenico by Worldline,[22] creating a new world-class leader in payment services. By combining Worldline’s forces with Ingenico’s, he enabled Worldline to get one step closer to its vision of enabling sustainable and profitable economic growth for banks, merchants and the entire payments ecosystem.

In November 2020, Gilles Grapinet joined Younited Credit,[23] one of the largest Fintechs in Europe, as Chairman of the Supervisory Board, with the aim of supporting the Next40 Fintech in its international and technological development.

Notes and References

  1. Web site: Gilles Grapinet is reappointed head of Thierry Breton's cabinet . LesEchos . 21 June 2005 . 28 May 2020 . French.
  2. Web site: Gilles Grapinet (Copernic Program): "We want to create a unified user-oriented information system". . 01Net . 29 November 2001 . 28 May 2020 . French.
  3. Web site: Gilles Grapinet: "Thierry Breton victim of suspicions without any substance" . LePoint . 25 October 2019 . 28 May 2020 . French.
  4. Web site: Gilles Grapinet is appointed Adviser for Economic and Financial Affairs in the Office of the Prime Minister, Jean-Pierre Raffarin . LesEchos . 7 February 2003 . 28 May 2020 . French.
  5. Web site: Gilles Grapinet joins Crédit Agricole's General Management Committee and Executive Committee. . Crédit Agricole . 30 August 2007 . 28 May 2020 . French.
  6. Web site: Atos Origin organization chart . LesEchos . 20 March 2017 . 28 May 2020 . French.
  7. Web site: Atos: Thierry Breton brings in his former Chief of Staff . LeMagIT . 28 May 2020 . French.
  8. Web site: Worldline Executive Committee . Worldline.com . 28 May 2020.
  9. Web site: Gilles Grapinet - Chairman/CEO, Worldline SA. www.bloomberg.com. 2020-03-06.
  10. Web site: Worldline: payment specialist wordline returns to CAC 40 . BFM Bourse . 13 March 2020 . 28 May 2020 . French.
  11. Web site: Pupils' individual files "CONDORCET" promotion January 1990 - January 1992 . France Archives . 28 May 2020 . French.
  12. Web site: Speaker: Gilles Grapinet . ParisFintechForum by Altéir . 28 May 2020.
  13. Web site: Avec Copernic, Bercy fomente sa révolution de la relation client. 2001-12-17. Les Echos. fr. 2020-03-06.
  14. Web site: Gilles Grapinet has been appointed as Crédi... Crédit Agricole. www.credit-agricole.com. 2020-03-05.
  15. Web site: Worldline, the European leader in e-payments transactional services is up and running. Finance. Finance, Digital Finance, Crypto. Quotidien finance digitale, finance décentralisée, blockchain. fr. 2020-03-05.
  16. Web site: Worldline And Equens Intend To Join Forces To Create The New Pan-European Leader In Payment Services. m.mondovisione.com. 2020-03-05.
  17. Web site: Worldline to acquire SIX Payment Services. 2018-05-15. Finextra Research. en. 2020-03-05.
  18. Web site: Atos to spin off 23.4% stake in Worldline. 2019-01-30. Finextra Research. en. 2020-03-05.
  19. Web site: Worldline to buy Ingenico for $8.6B in major payments consolidation play. TechCrunch. 3 February 2020 . en-US. 2020-03-05.
  20. Web site: Worldline remplace TechnipFMC dans le CAC 40 . LesEchos . 12 March 2020 . 12 June 2020 . French.
  21. Web site: Leading EU-headquartered digital payments specialists launch new EU trade body: The European Digital Payments Industry Alliance - EDPIA . 12 June 2020 .
  22. Web site: Worldline acquires Ingenico Group | Payments Dive.
  23. https://www.younited-credit.com/media/198239/20201117_cp-younited-nomination-gilles-grapinet.pdf