Michelin, the world’s largest tire manufacturer by brand value, is led by CEO Florent Menegaux, who has served as Managing General Partner since May 2019. Born on February 26, 1962 in Issy-les-Moulineaux, France, Menegaux joined Michelin in 1997 and spent over two decades rising through the company before taking the helm. Under his leadership, the French tire giant has pursued an ambitious “all-sustainable” tire strategy and pioneered a global living wage initiative for its 122,600 employees. In January 2026, the Supervisory Board unanimously renewed his mandate for four additional years, affirming confidence in his strategic vision.
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Florent Menegaux – Quick Facts
| Florent Menegaux — At a Glance | |
| Full Name | Florent Menegaux |
| Position | Managing General Partner (CEO) |
| Company | Compagnie Générale des Établissements Michelin (EPA: ML) |
| Age | 64 years old (born February 26, 1962, Issy-les-Moulineaux, France) |
| Education | Master’s in Accounting & Financial Sciences, Université Paris-Dauphine (1986) |
| Net Worth (2026) | $10–18 Million (est.) |
| Total Compensation | ~€3.81 Million (FY2024) |
| CEO Since | May 17, 2019 |
| Predecessor | Jean-Dominique Senard |
| [email protected] | |
| Headquarters | Clermont-Ferrand, France |
Michelin Competitors
Michelin operates in the highly competitive global tire industry. The key competitors of Michelin include:
- Bridgestone Corporation (Japan) – world’s second-largest tire manufacturer; also owns Firestone
- Continental AG (Germany) – major European tire and automotive technology group
- Goodyear Tire & Rubber Company (USA) – also owns Dunlop and Cooper Tires
- Pirelli & C. S.p.A. (Italy) – premium and ultra-high-performance tire specialist
- Hankook Tire (South Korea) – one of the world’s fastest-growing tire makers
- Sumitomo Rubber Industries (Japan) – produces Dunlop and Falken tires
- Yokohama Rubber Company (Japan) – diversified rubber and tire manufacturer
Florent Menegaux Net Worth 2026 – Michelin CEO Salary
As of 2026, Florent Menegaux’s net worth is estimated at approximately $10–18 million USD, based on his disclosed Michelin shareholdings and cumulative compensation. Menegaux directly owns approximately 0.018% of the company’s shares, worth about €4.45 million. His total compensation for FY2024 was approximately €3.81 million, comprising 28.9% in base salary and 71.1% in performance-based bonuses and equity.
Michelin CEO Compensation Breakdown (FY2024)
Michelin Net Worth 2026 – Is Michelin Profitable?
Yes, Michelin is a highly profitable company. In FY2025, Michelin reported sales of €26.0 billion and segment operating income of €2.9 billion, generating €2.1 billion in free cash flow. While revenue declined 4.4% year-over-year due to lower tire volumes and currency headwinds, the company maintained double-digit operating margins and strengthened its balance sheet.
Michelin Financial Summary (FY2025 vs FY2024)
| Metric | FY2025 | FY2024 | YoY Change |
|---|---|---|---|
| Revenue | €26.0B | €27.2B | ▼ -4.4% |
| Segment Operating Income | €2.72B | €3.38B | ▼ -19.5% |
| Operating Margin | 10.5% | 12.4% | ▼ -1.9 pts |
| Net Income | €1.66B | €1.89B | ▼ -12.0% |
| Free Cash Flow (pre-M&A) | €2.13B | €2.23B | ▼ -4.4% |
| EBITDA | €4.66B | €5.36B | ▼ -13.0% |
| Employees | ~122,600 | ~129,800 | ▼ -5.8% |
| Market Cap (2026) | €23.5B (~$25B) | — | |
| Dividend per Share | €1.38 | €1.38 | — |
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Michelin CEO Email Address | Florent Menegaux Contact
Below are the official contact details for reaching Michelin CEO Florent Menegaux:
Career & Education – Company, University, & College
Florent Menegaux built his entire executive career through a blend of consulting, logistics, and over 25 years at Michelin. He is one of the most experienced operational leaders in the global tire industry.
Florent Menegaux Career Timeline
Florent Menegaux began his career at Price Waterhouse in 1986 as a consultant specializing in interest rate risk control and management for banks. He transitioned into logistics management in 1991, becoming Finance Director and then General Manager of Exel Logistics France within six months. He later served as General Manager of the General Cargo Transport division at Norbert Dentressangle, one of France’s largest transport groups.
In 1997, Menegaux joined Michelin as Commercial Director for Heavy Truck Tires in the United Kingdom and Ireland. Over the following two decades, he held progressively senior roles spanning every major geographic region and business segment — North America, South America, Africa-Middle East, and Europe — giving him a uniquely global perspective on the tire industry.
He was named Chief Operating Officer in December 2014, then elevated to Senior Executive Vice President in 2017 and designated as the future Managing General Partner. On May 17, 2019, he officially succeeded Jean-Dominique Senard as CEO. In January 2026, the Supervisory Board unanimously renewed his mandate for four additional years.
Education
Florent Menegaux Wiki – Age, Family, & Personal Life
Florent Menegaux is 64 years old (born February 26, 1962 in Issy-les-Moulineaux, in the Hauts-de-Seine department near Paris). He is based in Clermont-Ferrand, the historic home of Michelin since the company’s founding in 1889 by brothers André and Édouard Michelin.
Menegaux keeps his personal and family life private, and details about his spouse and children are not publicly available. He is known primarily for his deep commitment to sustainability and social responsibility within the corporate world.
Notable Achievements & Leadership Initiatives
- Global Living Wage Initiative – Launched company-specific pay floors above statutory minimums in all countries where Michelin operates, ensuring a living wage for every employee
- “All-Sustainable” Tire Strategy – Driving Michelin’s commitment to produce 100% sustainable tires by 2050, with 30% sustainable materials already achieved
- Mandate Renewed (Jan 2026) – Unanimously reappointed by the Supervisory Board for four additional years
- Fortune 500 Europe Leader – Featured in Fortune 500 Europe as a leading voice on agility amid global trade wars
- World Economic Forum Speaker – Regular participant at Davos, advocating for purpose-driven business transformation
- World Bank Panelist – Invited speaker on sustainable development and responsible business leadership
Florent Menegaux Fun Fact
Before joining the tire industry, Menegaux spent nearly a decade in logistics and trucking management — at Price Waterhouse, Exel Logistics, and Norbert Dentressangle. This gave him a unique understanding of the commercial vehicle customers who represent Michelin’s most important B2B segment. He is one of the few CEOs in the tire industry who has held operational roles on four different continents (Europe, North America, South America, and Africa/Middle East), giving him an exceptionally global perspective that few industry leaders can match.
About Michelin
Compagnie Générale des Établissements Michelin is a French multinational tire manufacturer headquartered in Clermont-Ferrand, France. Founded in 1889 by brothers André and Édouard Michelin, the company is the world’s largest tire manufacturer by brand value and operates in over 170 countries. Beyond tires, Michelin is famous for the Michelin Guide restaurant rating system, which has been published since 1900.
The company trades on Euronext Paris under the ticker symbol ML (also MGDDY on OTC markets in the US). With approximately 122,600 employees and a market capitalization of around €23.5 billion, Michelin continues to be a global leader in mobility solutions, composites, and high-tech materials beyond its core tire business.
Frequently Asked Questions (FAQ)
Who is the current CEO of Michelin?
The current CEO of Michelin is Florent Menegaux, who has served as Managing General Partner since May 17, 2019. He succeeded Jean-Dominique Senard. In January 2026, the Supervisory Board unanimously renewed his mandate for four additional years.
What is Florent Menegaux’s net worth in 2026?
Florent Menegaux’s estimated net worth is $10–18 million USD as of 2026, based on his disclosed Michelin shareholdings (approximately €4.45 million worth of stock) and cumulative compensation. He earns approximately €3.81 million per year in total compensation.
What is the Michelin CEO’s salary?
Florent Menegaux’s total compensation for FY2024 was approximately €3.81 million, including a €1.1 million base salary and approximately €2.71 million in bonuses and equity. This is in line with the median for French auto components CEOs at comparable companies.
What is Michelin CEO’s email address?
You can reach Michelin’s leadership team through the investor relations email at [email protected] or by phone at +33 4 73 32 20 00. Florent Menegaux is also active on LinkedIn.
Is Michelin a profitable company?
Yes, Michelin is highly profitable. In FY2025, the company reported net income of €1.66 billion on revenue of €26.0 billion, with a segment operating margin of 10.5%. The company generated €2.1 billion in free cash flow and reduced its net debt by nearly 25%.
Article last updated:February 2026March 3, 2026
Disclaimer: All information presented in this article has been compiled from publicly available sources, including corporate filings, official company press releases, and reputable news outlets. Net worth figures are estimates and may vary by source. This content is provided for informational purposes only and does not constitute financial or investment advice.