Michel Savart: Fonciere Euris Big Boss

Schools can serve as good indicators if a person is on the way to the path of success. It’s no guarantee but it can’t be denied that some of the world’s top executives and entrepreneurs have come from the world’s top notch academic institutions.

Michel Savart carries on the reputation of top schools producing future top executives. He graduated from highly-regarded Ecole Polytechnique and Ecole Nationale Superieure des Mines de Paris. Michel started his career in 1986 with Havas. The following year he worked with Banque Louis Dreyfus and then Banque Arjil in 1988. After having been with three different financial institutions in as many years he stayed a bit longer at Banque Arjil leading various projects and advised the bank’s management board as well.  Michel moved over to Dresdner Kleinwort Benson (DKB) in 1995 where he served as Managing Director of Mergers and Acquisitions. He stayed with DKB until 1999.

In October 1999 he joined Euris-Rallye group as Director and Advisor to the Chairman, responsible for private equity investment.  Less than ten years later on August 2009 Michel was appointed CEO of Fonciere Euris. The following year on May 2010 he also took on the role as Chairman of the Board of Directors.

Michel’s strong financial background helped him land this job. French firm Fonciere Euris has holdings in real estate and private equity investment. As CEO one of his priorities has been streamlining the business which has been partially achieved by selling assets.  Michel made the decision in October 2012 to sell Fonciere Euris’ stake in the Manufaktura mall in Poland along with Rallye which also sold its investment in the project. The sale was worth €310 million and the proceeds split three ways between Fonciere Euris, Rally and Apsys.

Michel’s stature and experience in the industry has proven invaluable so much so that when Jacques Ehrmann stepped down as Chairman and CEO of real estate firm Mercialys, Michel became the interim chairman of the board of directors in September 2012.

A graduate of well-known academic institutions in France, Michel is proof that these schools do produce outstanding executive who later lead multibillion dollar companies.