Become a Michelin employee shareholder
Come and join us!
At the end of 2023, we were 71,000 employee shareholders within the Michelin Group, that’s more than one in two employees!
The number of employee shareholders as of 12/31/2024 is 80,260.
This is a strong sign of employee commitment to the Company.
* The discount in the video is provided as an example
HOW YOU CAN BECOME A SHAREHOLDER WITH BIB'ACTION?
Every year, Michelin Group employees have the opportunity to sign up to the BIB’Action Employee Shareholder plan via the shareaction.michelin.com website in the BIB’Action tab.
Eligibility conditions
To be eligible, employees must have:
• an employment contract with a Group company which has joined the International Group Savings Plan (PEG), based in an eligible country,
• at least 3 months’ service on the day of share issue price (continuous or discontinuous from 1 January N-1),
• still work for the company on the day of they subscribe.
For France, all contract types are included (fixed-term contract or open-ended contract, professional training contract, apprenticeship contract, etc.) whether active or in abeyance (on unpaid leave, parental leave, etc.). Interns, temporary workers and outside staff are not Michelin employees and are not eligible.
Outside France, the eligibility conditions for Michelin Group employees are stated in local documentation published to employees.
The total number of shares offered under the BIB'Action plans is set by the Group within the limits voted for by the shareholders at the Annual General Meeting.
Discount/Matching contribution
Eligible employees benefit from a discount on the share price and a matching contribution in free shares, depending on the number of shares subscribed. (*)
(*) different conditions for UK
Testimonials
You can also see testimonials from employees who have subscribed to BIB'Action !
Since 2003, Michelin has had a Michelin Shareholder Committee made up of individual and employee shareholders. This committee's role is to contribute through its reflections to improving communication with individual and employee shareholders. Our employee shareholder members share their experience with you.
Aymeric de Raguenel : I joined the CAM to gain a broader, more comprehensive view of the company and to better understand the strategic decisions that shape our future. It is also an opportunity for me to strengthen my financial skills, which are essential for understanding the role of the shareholder. Finally, taking part in this initiative allows me to engage differently in my work by actively contributing to a collective dynamic that goes beyond my daily responsibilities.
Costin Vadanescu : Becoming a Michelin shareholder at 23 (in 2014) changed my perspective: I was no longer just an employee, but a partner committed to our collective future, which fostered a sense of pride, responsibility, and a deeper connection to the company. Within the CAM, I want to strengthen the dialogue between Michelin and its shareholders and encourage younger generations to invest for the long term. Becoming a shareholder means discovering how patience and commitment turn modest beginnings into lasting impact — and how we grow alongside Michelin.
Eve Maudoux : Graduating from Sciences Po, I set out to build a broad, cross‑functional path to understand the economic, human, and strategic challenges organizations face. My experience working with family‑owned shareholding structures give me a strong appreciation of the essential role shareholders play in shaping long‑term vision. Joining the CAM would allow me to bring this fresh, transversal perspective to the committee’s reflections. Michelin is a company in which I see myself long term, and joining the CAM is a concrete way for me to fully commit to it.
Laure Trincal : Employee share ownership is, for me, an opportunity to strengthen our mutual commitment and to contribute directly to the Group’s success. Confident in Michelin’s solidity, I began investing very early through Bib’Action. Joining the CAM would allow me to deepen my understanding of the Group’s strategy and to promote this forward‑looking vision to individual shareholders and our colleagues. I hope to contribute to the cohesion and shared responsibility that are key to Michelin’s strength.
Laurent Moity : An employee of the Company for more than 25 years, my commitment as a shareholder has been built on two pillars: helping strengthen the Company’s independence and expressing my long‑term confidence in the performance of its teams. Joining the Shareholders’ Committee means going beyond a personal approach to actively support the development of individual and employee share ownership to the level expected by the Group by 2030. A truly inspiring collective adventure !
Other ways to become a shareholder:
Throughout the year, French employees can also invest in Michelin shares by subscribing to units of the BIB Primauté fund offered through the Company Savings Plan (PEE).
The PEE (Company Savings Plan) can receive:
-
Voluntary contributions: Either one-time or regular payments (which may be supplemented by the company).
-
Partial or total placement of profit-sharing or participation bonuses (not supplemented by the company).
-
Transfer of savings held in the PEE of a previous employer (not supplemented by the company).
The number of units purchased depends on the unit value (Net Asset Value – NAV) of each fund. All transactions (purchases, transfers, refunds, etc.) are based on the future NAV, not the known NAV of the day.
The savings are locked for 5 years, except in cases of early release provided for by law (acquisition or construction of a primary residence, marriage/PACS, etc.).
Eligibility Conditions
The PEE is open to employees with an employment contract in one of the following French companies: MFPM, CGEM, CFM, PLA, CSM, MAS, IMECA, TYREDATING, MICHELIN ENGINEERED POLYMERS, ESM, Groupe ALLO PNEU, TELEFLOW, provided they have at least three months of seniority.
When you become eligible to open your PEE account, you will receive an email from Natixis Interépargne with all the connection details for your account, within the first fortnight of the month following your employment anniversary.
Your single point of contact:
Natixis Interépargne
02 31 07 74 00 (landline number - no surcharge)
www.interepargne.natixis.com
Your company number is 50500.
The Group may allocate performance shares to some of its employees via performance share plans. The decision to set up this type of plan was put to a shareholder vote at the Annual General Meeting.
Rights to shares allocated in this way are subject to a so-called acquisition period lasting four years: the shares will be acquired at the end of the period provided that the beneficiaries remain on the Group payroll during the four years of the acquisition period. The final number of shares issued usually depends on Group performance criteria.
Before being converted into Michelin shares, share rights do not offer the possibility of receiving a dividend, nor participating (and hence voting) at the Annual General Meeting.
An employee can buy Michelin shares separately from the BIB’Action plans, either through Société Générale (Account managed on behalf of the Company) or via a financial intermediary (Account managed by a bank or broker).
Any questions?
Find all the answers about the Michelin employee shareholder plan