Solutions30 Board Shake-up: Sator Departs Amid Strategic Pivot

LUXEMBOURG – December 29, 2025 – Solutions30, a European leader in technical field services, is undergoing a significant leadership transformation as it navigates a crucial strategic pivot. The company announced that Alexander Sator, a member of the Supervisory Board since 2014 and its former Chairman, will resign effective December 31, 2025, to pursue other professional projects. The departure marks the end of an eleven-year tenure and coincides with a broader restructuring of the company's governance and a sharpened focus on profitability over pure revenue growth.

Sator's exit is coupled with another key change at the board level. Olivier Domergue, who joined the Supervisory Board in mid-2025, has stepped down to take on a new executive role as a member of the Group's Management Board, where he will be in charge of performance starting January 1, 2026. These simultaneous moves signal a deliberate reshaping of the company's oversight and operational command as it adapts to evolving market dynamics, particularly the slowdown in fiber optic deployment in France.

In the official announcement, Solutions30 leadership acknowledged Sator's extensive contributions. Thomas Kremer, the current Chairman of the Supervisory Board, stated: “On behalf of the Supervisory Board, I would like to warmly thank Alexander Sator for his long-standing commitment and contribution. His experience has supported the Board in fulfilling its supervisory responsibilities and in continuously strengthening our governance framework.”

Gianbeppi Fortis, Chief Executive Officer, added, “I would like to acknowledge Alexander Sator’s unwavering commitment to the Group over the past eleven years. The quality of our exchanges has been greatly appreciated, during both successful phases and more challenging times.”

A Strategic Pivot to Profitability

The leadership shuffle is not happening in a vacuum. It comes as Solutions30 executes a demanding “selectivity strategy” designed to bolster margins, even at the expense of top-line growth. The company's recent financial results paint a clear picture of this transition. For the first half of 2025, consolidated revenue fell by 9.7% to €467.4 million, with the adjusted EBITDA margin contracting by 60 basis points to 6.7%.

The main driver of this downturn has been the deliberate contraction of its Connectivity business in France, which has been grappling with a faster-than-expected slowdown in fiber deployment and intense margin pressure. In the third quarter of 2025, while overall revenue saw a modest 3.9% decline, the Group's revenue excluding the French Connectivity business actually grew by 3.4%, highlighting the targeted nature of the pullback.

This is precisely where Olivier Domergue's new role becomes critical. Described as a specialist in multi-technical services with a strong track record in operational transformation, his mission is to spearhead the improvement of the Group's financial and operational performance. His previous experience as CEO of Spie France, where he led a successful turnaround, is seen as directly applicable to Solutions30's current objectives: restoring operating margins and improving cash generation. His appointment to the Management Board is a clear signal that operational excellence is now a top executive priority.

New Frontiers in Energy and German Expansion

While the company is trimming low-margin contracts in its mature telecommunications segment, it is aggressively pursuing high-growth opportunities elsewhere. The energy transition has emerged as a powerful engine for the Group. Revenue from the Energy sector surged by 30.8% in the third quarter of 2025, accounting for 22% of the company's total revenue for the period. This growth is particularly strong in France, where energy-related activities jumped by 47.5%.

This diversification is a cornerstone of the company's future. Solutions30 has already been involved in over 500 renewable energy projects, and its vast network of technicians is well-positioned to support the installation of smart meters, electric vehicle charging stations, and other green technologies.

Furthermore, the company has identified Germany as its next major growth market. During a Capital Markets Day in September 2024, Solutions30 unveiled a strategic roadmap that positions Germany as a “third pillar” alongside France and the Benelux region. The company aims to nearly triple its revenue in the German market to between €150-200 million by 2026. With its strong momentum, including a 10.1% revenue increase in Q3 2025, Germany represents a significant opportunity to rebalance the Group's geographic footprint and reduce its reliance on the French market.

Forging a New Era of Governance

Coinciding with the strategic realignment is a notable evolution in corporate governance. As of January 1, 2026, the Supervisory Board will be a leaner, five-member body composed entirely of independent directors. This move strengthens the board's oversight capabilities and reduces potential conflicts of interest.

Significantly, the new board will have a female majority, with three of the five members being women. Under the continued leadership of Chairman Thomas Kremer and new Vice-Chairwoman Paola Bruno, this composition places Solutions30 at the forefront of European corporate governance trends, which increasingly emphasize board independence, effectiveness, and diversity as key drivers of long-term value.

This modern governance structure is intended to provide robust supervision as the management team, now fortified by Domergue, executes its complex strategy. The board's focus will be on ensuring the company meets its ambitious profitability targets—including an adjusted EBITDA margin of over 10% in its main geographic segments by 2026—while adhering to rising ESG standards, such as the new Corporate Sustainability Reporting Directive (CSRD).

The departure of a foundational figure like Alexander Sator, who guided the board through years of growth and challenges, undeniably marks the end of an era. His decision to step down for new “entrepreneurial endeavours” reflects a broader trend of experienced leaders seeking fresh challenges. For Solutions30, his exit, combined with the strategic appointment of Domergue and the overhaul of its board, represents a decisive step into a new chapter. The focus is now squarely on execution, with the revamped leadership structure tasked with navigating the company through its transformation and delivering on a new promise of disciplined, profitable, and sustainable growth.