Patrick Bousquet-Chavanne
INTERPARFUMSAbout Patrick Bousquet-Chavanne
Patrick Bousquet-Chavanne (age 67) is an independent director nominee to join IPAR’s board in 2025. He has 35+ years of leadership across beauty, luxury, retail, and digital commerce with senior roles at The Estée Lauder Companies, LVMH, Marks & Spencer, EMAAR Malls, and ESW Americas; he currently leads the Abu Dhabi Retail Development Program for the Abu Dhabi Investment Office via PBC Consulting (since Sep 2023). He holds MBAs from Purdue (Krannert) and an Advanced Management degree from the Stanford Executive Program in Strategy & Organization. If elected, the company classifies him as an independent director under Nasdaq rules.
Past Roles
| Organization | Role | Tenure | Committees/Impact |
|---|---|---|---|
| ESW (e-commerce enablement) | CEO, ESW Americas; Advisory Board member | 2020–2023 (Advisory Board); “most recently served as CEO of ESW Americas” (dates not separately disclosed) | Led Americas ops and global luxury practice; structured U.S. operations for growth and diversification across luxury/beauty/personal care |
| EMAAR Malls (owner of The Dubai Mall) | CEO | Not disclosed | Led Namshi.com acquisition; expanded Dubai Mall’s digital footprint; introduced advanced analytics and consumer insight capabilities |
| Marks & Spencer PLC | Chief Customer, Marketing, and Digital Officer | Not disclosed | Drove digital transformation; positioned marksandspencer.com among top 3 UK online destinations for clothing/footwear; launched Sparks CRM program; led Beauty transformation |
| The Estée Lauder Companies; LVMH | Senior leadership roles | Not disclosed | Global beauty/luxury leadership experience (details summarized in biography) |
External Roles
| Organization | Ticker/Type | Role | Dates | Notes |
|---|---|---|---|---|
| Abu Dhabi Investment Office (Retail Development Program) | Government/ADIO | Leads program via PBC Consulting | Sep 2023–present | Strategy for Abu Dhabi retail development |
| Flow Water Inc. | TSX: FLW | Lead Independent Director | Current | Canadian premium bottled water company |
| Brown-Forman | NYSE: BF-B | Independent Director | 2005–2017 | One of the largest U.S. spirits companies |
| HSNi (HSN) | NASDAQ: HSNI (historic) | Compensation Committee Chair | Prior (dates not disclosed) | Multi-channel U.S. retailer |
| ESW | Private | Advisory Board | Oct 2020–Sep 2023 | Led Americas ops and global luxury practice |
| Purdue University | Academic | Marketing Advisory Board | Not disclosed | Advisory role |
Board Governance
- Status and independence: Director nominee for 2025; company identifies him as independent if elected under Nasdaq rules. Board is expanding from 9 to 11 with nominees Patrick Bousquet‑Chavanne and Hervé Bouillonnec.
- Committees: No committee assignments disclosed for nominees. Current standing committees and chairs (all chaired by François Heilbronn in 2024): Audit, Executive Compensation & Stock Option, and Nominating. The company states it has no SEC-defined “audit committee financial expert” (resistance to designation due to perceived liability), though members are deemed qualified by experience.
- Board structure: Combined Chair/CEO (Jean Madar) and no Lead Independent Director; risk oversight via committee structure and board review processes.
- Attendance: In 2024, the board held 23 meetings (and consents) and all directors attended at least 75% of applicable meetings; nominees were not on the board in 2024.
- Policies: Anti-hedging policy prohibits directors and their affiliates from hedging/monetization transactions in company securities. Section 16(a) compliance statement notes no known filing failures among reporting persons.
Fixed Compensation (Director Program)
| Component | Amount/Terms | Notes |
|---|---|---|
| Board meeting fee (in-person) | $6,000 per meeting | For nonemployee directors |
| Board meeting fee (telephonic) | $3,000 per meeting | For nonemployee directors |
| Audit Committee member fee | $8,000 annual | Additional to meeting fees |
As a 2025 nominee, no director fees for Patrick Bousquet‑Chavanne are disclosed for FY2024. If elected, he would be eligible for the program above.
Performance Compensation (Director Program)
| Equity Instrument | Grant Timing | Size | Exercise Price | Term | Vesting | Notes |
|---|---|---|---|---|---|---|
| Stock options (independent directors) | Last business day of each year | 1,500 options per independent director | Fair market value on grant date | 6 years | 20% annually starting 1 year post-grant (fully vested at year 6) | Attendance shortfalls reduce grants per plan schedule |
| Example (12/31/2024 grant to 5 independent directors) | 12/31/2024 | 1,500 options each | $130.60 per share | 6 years | Per plan above | Illustrative of program in effect |
As a 2025 nominee, no equity awards are disclosed for Patrick Bousquet‑Chavanne for FY2024.
Other Directorships & Interlocks
| Company | Ticker | Role | Committee Role | Potential Interlock/Conflict Considerations |
|---|---|---|---|---|
| Flow Water Inc. | TSX: FLW | Lead Independent Director | Not disclosed | Beverage sector; no disclosed business with IPAR |
| Brown-Forman | NYSE: BF-B | Independent Director (former) | Not disclosed | 2005–2017; spirits sector; historical role only |
| HSNi (HSN) | NASDAQ: HSNI (historic) | Director (former) | Compensation Committee Chair | Historical, multi-channel retail; no current overlap disclosed |
The 2025 proxy discloses no related-party transactions involving Patrick Bousquet‑Chavanne. Independence affirmed if elected.
Expertise & Qualifications
- Beauty/luxury retail leadership: Senior roles at Estée Lauder and LVMH; CEO EMAAR Malls (The Dubai Mall); M&S customer/marketing/digital leadership.
- Digital and e-commerce: Led M&S’s digital transformation and Sparks CRM; led Americas operations and luxury practice at ESW; expanded Dubai Mall’s digital footprint.
- M&A/strategy: Led Namshi.com acquisition; introduced analytics/insight capabilities; advisory roles on global expansion.
- Governance: Prior independent director (Brown‑Forman) and comp chair (HSNi); current Lead Independent Director at Flow Water Inc.
- Education: MBAs (Purdue Krannert) and Advanced Management degree (Stanford Executive Program in Strategy & Organization).
Equity Ownership
| Category | Amount | As-of/Notes |
|---|---|---|
| Beneficial ownership (IPAR common) | 0 shares (0.0% of outstanding) | As of July 1, 2025; nominee not yet a director |
| IPAR derivative securities | None disclosed | No director option grants to him in FY2024 (grants went to five incumbent independents) |
| Shares pledged as collateral | None disclosed | No pledging disclosure for him; company prohibits hedging by directors |
Governance Assessment
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Positives
- Deep sector expertise across beauty, luxury retail, e-commerce, and digital transformation; prior U.S. public company board and committee leadership, including Lead Independent Director experience.
- Classified as independent under Nasdaq rules if elected; no related-party transactions disclosed.
- Anti-hedging policy applies to directors, supporting alignment.
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Watch items / context
- No committee assignment yet for the nominee; the Audit Committee currently lacks an SEC-defined “financial expert” and all three key committees were chaired by one director in 2024 (François Heilbronn), a concentration that investors sometimes scrutinize.
- Board leadership remains combined Chair/CEO with no Lead Independent Director; investors may assess the strength of independent oversight as the board expands to 11 with two new nominees.
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Compensation and alignment implications (if elected)
- IPAR uses a pay-for-service director framework (per-meeting cash) plus annual time-vested stock options (1,500 options at FMV, 6-year term, 5-year vesting), which fosters ownership over time and attendance discipline (grant reductions for missed meetings).
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Attendance and engagement
- 2024 attendance for incumbents met the ≥75% threshold across 23 meetings; the nominee’s 2025 engagement should be monitored post-election once committee assignments are set.