Evolution of the composition of the Board of Directors
The changes to MRM's board of directors are underway. Louis Burrus will be appointed Chairman of the Board of Directors to replace François de Varennes. There will also be a replacement for the SCOR SE representative, where Carole de Rozières will replace Karina Lelievre.
MRM, specialized in commercial real estate
MRM, specializing in the conduct of commercial real estate, announced that the board of directors at its December 12, 2023 meeting decided to accept the early retirement of Chairman François de Varenne. His replacement is Louis Burrus, who will also be appointed chairman of the board of directors. François de Varennes has served as Chairman of MRM since the capitalization that allowed SCOR SE to become MRM's largest shareholder in 2013. He later continued to work at SCOR, serving as interim executive director of SCOR at the beginning of the year and then appointed CFO and deputy executive director of SCOR.
Because of these changes, Louis Burrus, who was appointed director of SCOR Investment Partners in November, was a natural candidate to become chairman of MRM's board of directors, as he is related to the supreme shareholder, SCOR SE. Louis Burrus will also chair the investment committee. Confirmation of his appointment as a director will take place at the next Annual General Meeting.
Also at the same board meeting on December 12, 2023, it was decided to replace Karina Lelievre with Carole de Rozière as permanent representative of SCOR SE. Karina Lelievre, Deputy Secretary General of SCOR SE, has represented SCOR SE on the MRM Board of Directors since 2013. Carole de Rozières takes up the position of principal asset owner in the SCOR Group.
The Board of Directors sincerely thanked François de Varenne and Karina Lelievre for their active and intelligent contribution to the Board of Directors and their impeccable participation in the management of MRM over the past ten years.
Results for the fourth quarter 2023 and annual results 2023
Fourth quarter 2023 results and 2023 annual results will be released on March 7, 2024 after the close of the exchange.
O MRM
MRM is a listed company that owns and manages a portfolio of commercial real estate in different regions of France.
- Biographies:
- Louis Burrus joined SCOR in 2013 as head of strategy and development at SCOR Global Investments. He was later promoted to head of strategic planning and investment in 2017 and then head of the investment business in 2019. In November 2021, he became Chief Development Officer and a board member of SCOR Investment Partners and was appointed CEO in November 2023. Louis Burrus began his career in 2006 as a corporate banker specializing in mergers and acquisitions at Oddo BHF and Nomura. Louis Burrus graduated from École Polytechnique and ENSAE ParisTech with a specialization in finance.
- Carole de Rozières joined SCOR in September 2022 as principal owner of the assets. She started her career at AXA France in 2002 as an actuary, then moved to the investment department in 2007 as a financial controller, and then progressed successively from responsible for assets in individual portfolios, to head of investments and asset allocation for the various AXA entities in France. Prior to joining SCOR, she held the position of Portfolio and Debt Offering Officer in the Savings and Protection department. Carole de Rozières is a CFA member, holds an ENSAE degree in Finance and Actuarial Science and a DEA degree in Modeling and Mathematical Methods in Economics from Université Paris I Panthéon-Sorbonne.
(1) SCOR SE still holds 56.6% of MRM's capital.
Further information can be found at www.mrminvest.com.
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