Gérald Frère (born 17 May 1951) is a Belgian billionaire businessman, the chairman of Groupe Bruxelles Lambert since January 2012, and its former CEO.[1] As of August 2024, Forbes estimated his net worth at US$3.3 billion.[2]
Gérald Frère | |
|---|---|
| Born | 17 May 1951 Charleroi, Belgium |
| Occupation | Businessman |
| Title | Chairman, Groupe Bruxelles Lambert |
| Term | January 2012- |
| Children | 2 sons |
| Parent(s) | Albert Frère Nelly Poplimont |
Early life
editGérald Frère was born in Charleroi, Belgium on 17 May 1951.[3]
He is the eldest son of Albert Frère and his first wife, Nelly Poplimont, and they had a son, Gerald.[4]
Career
editFrère is the chairman of Loverval Finance, Groupe Bruxelles Lambert, Stichting Administratie Kantoor Bierlaire, Domaines Frère-Bougeois, and the vice chairman of Pargesa Holding.[3]
Frère is the managing director of Financière de la Sambre, Frère-Bourgeois, and Pargesa Holding.[3]
Albert Frère was regent at the National Bank of Belgium, but reached the age limit in 1995. Consequently, he did everything he could to get his son Gérald appointed to the regency, which - despite objections of nepotism - succeeded in 1998. Previously, Gérald Frère was already a censor at the National Bank.[5] In April 2018, it became known that Gérald would be replaced in the regency by his son Cédric, an appointment that was widely criticized.[6][7] After a year, the mandate of Cédric Frère in the regent council ended, which was not renewed because Minister of Finance Alexander De Croo (Open VLD) wanted the three vacant mandates to be filled by female regents, so that the party of Frères nomination, the MR, had to look for a female candidate.[8][9]
He is a director of Power Financial, ERBE, Fonds Charles-Albert Frère, Haras de la Bierlaire, and Stichting Administratie Kantoor Frère-Bourgeois.[3]
In April 2018, he was accused of nepotism for appointing his son Cédric as regent in the National Bank of Belgium.[10][11]
Private life
editFrère has two sons, Cédric and William.[12]
References
edit- ^ "Executive Profile: Gérald Frère". Bloomberg. Retrieved 15 June 2017.
- ^ "Forbes profile: Gerald Frere". Forbes. Retrieved 22 August 2024.
- ^ a b c d "Gérald Frère". nbb.be. 17 May 1951. Retrieved 15 June 2017.
- ^ "Ses deux amours: l'argent et le vin - La DH". Dhnet.be. 30 July 2005. Retrieved 15 June 2017.
- ^ Gérald Frère wordt regent Nationale Bank, De Tijd, 19 februari 1998.
- ^ Kleinzoon Albert Frère doet intrede bij Nationale Bank, De Tijd, 20 april 2018.
- ^ Wie is Cédric Frère, de man die plots in de regentenraad van de nationale bank gedropt wordt, Het Nieuwsblad, 29 april 2018.
- ^ 'Vrouwenkwestie' kost kleinzoon Frère herbenoeming bij Nationale Bank, De Tijd, 18 april 2019.
- ^ Kleinzoon van Albert Frère geen regent meer bij Nationale Bank, Knack, 18 april 2019.
- ^ Kleinzoon Albert Frère doet intrede bij Nationale Bank, De Tijd 2018 (Dutch). Translation: "Albert Frère's grandson makes his entrance into the National Bank".
- ^ De benoeming van Cédric Frère tot regent ondergraaft het sérieux van de Nationale Bank, Knack 2018. Translation: "The appointment of Cédric Frère to regent undermines the credibility of the National Bank".
- ^ ""Pippa ging jagen met kleinzonen van Albert Frère"" (in Dutch). HLN.be. Retrieved 16 June 2017.
- ^ "Dans la famille Frère, le fils, Gérald - People - Trends-Tendances.be". Trends.levif.be. 28 April 2010. Retrieved 16 June 2017.
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