L'Oréal has a long history with CEDEP, being one of its co-founders. It occupies a central and essential part of our development program for managers, offering a blend of academic excellence, business reality and personal experience, drawn from a range of diverse sources. This unique combination is made possible by the strength of the faculty available to CEDEP, and by its close links with participating Companies.
Geoff Skingsley - Executive Vice President Human Resources - L'Oréal
The AFE Group was created by merging small companies operating in very specific market niches. It is still very decentralized giving flexibility and versatility for better service to our customers. The CEDEP AFE specific program has decisively contributed to the creation of a common culture and to the integration of human factors in performance improvements. The deepening of the financial understanding has also largely contributed to the Working Capital reduction needed in an LBO structure.
Finally, CEDEP, thanks to the exceptional quality of the professors, the programs and the environment, has been a key factor in our global success.
Gérard Mura - Chief Executive Officer - AFE