Francoise Bettencourt Meyers Retires From L'Oreal Board, Son Takes Role

Françoise Bettencourt Meyers, Europe's richest woman and heir to the L'Oréal fortune, will retire from the company’s board of directors, marking a significant shift towards the next generation of leadership. At 71, she has served on the board since 1997 and will pass her vice-chairmanship to her son, Jean-Victor Meyers. Her board seat will be filled by Alexandre Benais, representing Téthys, the family holding company that controls a substantial share of L'Oréal. Despite stepping down, Bettencourt Meyers will continue to lead Téthys and remains one of the world's wealthiest individuals, with a fortune estimated at approximately €72 billion. This transition signals an evolving governance structure within L'Oréal, as her family maintains a strong presence on the board. The changes are set to be formalized at the upcoming shareholder meeting on April 29, 2025.