Patrick Kron joins co-founders Philippe Pouletty and Bernard-Louis Roques at the head of Truffle Capital. Through an increase ofassets under management, the trio will continue the firm's ambitious development strategy, creating and financing tomorrow's leading companies in Life Sciences and Information Technology.
Truffle Capital, a leading European venture capital firm aimed at creating young innovative companies and supporting their development, announced today the appointment of Patrick Kron as its new Chairman. Kron replaces Henri Moulard who becomes Honorary Chairman and has, over the past 15 years, contributed to Truffle Capital's steady ascension.
"Truffle Capital has built its success on a strategy unique among European venture capital firms, combining an investor's approach with an entrepreneurial perspective," declared Patrick Kron, new Chairman of Truffle Capital. "We plan on continuing Truffle's development by raising more funds and integrating institutional investors and family offices. I look forward to contributing to the creation and growth of young SMEs by focusing on high-tech companies, notably in France, with strong global growth potential."
"After a 57-year career, I am now pleased to hand over the firm to Patrick Kron," said Henri Moulard, Co-founder and former Chairman of Truffle Capital. "Philippe Pouletty, Bernard-Louis Roques and I have succeeded in creating a friendly, effective and lasting partnership over the past 15 years. With the support of our outstanding team, the visionary entrepreneurs with whom we collaborate, and the investors and managers who have honored us with their trust, we are building life-changing companies. I was always guided by the conviction that the banker's noblest responsibility was to take risks in investing in the capital of private entrepreneurs who are the only true creators of wealth. I wish Patrick every success in his new mission."
"We are delighted to welcome Patrick Kron as Chairman of Truffle Capital," added Dr. Philippe Pouletty and Bernard-Louis Roques, Co-founders and Managing Directors of Truffle Capital. "He will further strengthen our entrepreneurial and industrial DNA, centered on creating, financing and developing highly innovative start-ups. We warmly thank our friend and partner Henri Moulard for helping us build a renowned venture capital company."
Kron, 63, was appointed in March 2003 as Chairman and CEO of Alstom. He left Alstom in January 2016 and created his own consulting company. Graduate of the École Polytechnique and engineer from the Corps des Mines, Patrick Kron began his career at the French Ministry of Industry in 1979 before joining the Pechiney Group in 1984, where he went on to hold operational, financial and leadership positions for nearly 15 years. He then became CEO of IMERYS, a world leader in the minerals industry, from 1998 to 2003, before joining the Alstom Group. Mr. Kron is a member of the Boards of Directors of Bouygues and Sanofi, as well as of the Supervisory Board of Segula. He is also a Board Member in various artistic and philanthropic organizations. Patrick Kron is a Knight of the Legion of Honor and an Officer of the National Order of Merit.
Over his 57-year career, Moulard successively served as Chairman of Lyonnaise de Banque, Neuflize ABN Amro France, and Generali France. For about ten years, Henri Moulard was also a member of the Boards of Directors of Elf Aquitaine, Unibail-Rodamco, Crédit AgricoleSA, Crédit Lyonnais (LCL), Credit Agricole CIB (Corporate and Investment Bank), Amundi, and the Fondation de France, where he served as treasurer for eight years. He currently sits on the Boards of Burelle SA, GFI Informatique, Neuflize Vie and Sogelym Dixence. Henri Moulard is an Officer of the Legion of Honor and of the National Order of Merit, as well as a Knight of the Order of Academic Palms.