BELLON SA

About BELLON SA

BELLON SA is the family holding company at the center of Sodexo’s ownership structure. According to Sodexo’s published information, it held 43.8% of Sodexo’s share capital and 58.8% of exercisable voting rights as of August 31, 2025, making it the reference shareholder and a key pillar of the Group’s independence. In governance terms, this position gives BELLON SA a central role in ensuring stability, long-term alignment, and continuity of Sodexo’s strategic direction. BELLON SA is rooted in the entrepreneurial legacy of Pierre Bellon, who founded Sodexo in 1966. The family consolidated its ownership through this holding vehicle, and Sodexo states that a 50-year agreement signed in June 2015 governs the transferability of the shares held through Bellon SA. That arrangement highlights a governance model built on continuity, family cohesion, and the protection of long-term corporate control rather than short-term market pressure. In practice, BELLON SA is not an operating executive role but a highly influential governance and shareholder platform. It has been involved in major board and leadership decisions, including the October 2025 appointment of Thierry Delaporte as Chief Executive Officer and the adoption of a split governance structure, with Sophie Bellon remaining non-executive Chairwoman during the transition. Sodexo said this change was coordinated with the Bellon family and that Bellon SA’s support remains essential to the Group’s next phase of development. As a result, BELLON SA’s expertise lies in family ownership governance, stewardship of a listed company, and long-term strategic support. Its influence is visible in Sodexo’s continuity model, capital structure decisions, and preservation of independence. On the occasion of Sodexo’s 60th anniversary, the Group again emphasized that its growth continues to be driven by the Bellon family’s enduring commitment through Bellon SA, the reference shareholder.