Governance
Teams during Innov8 work together and collaborate to solve problem statements.

Board of Directors

  • Jean Noël Humbert
    (Born in 1949)

    Chairman of the Board of Directors, Independent Non-Executive Director

    Appointed as Director (amalgamated company): January 2019 - up for re-appointment at the next annual meeting

    Qualifications: Honours Degree in Agriculture

    Committee: Chairman of the Corporate Governance Committee

    Professional journey:

    • Currently employed as Senior Consultant at Eclosia Group where he has previously served for 20 years in different managerial roles.
    • Past Chief Executive Officer of the Mauritius Sugar Syndicate, past Secretary General of the Mauritius Chamber of Agriculture, and past President of the National Productivity & Competitiveness Council.

    Skills and experience:

    • Strong knowledge and hands-on experience in the development of a sustainable agroindustry in Mauritius.
    • Vast experience in institutional affairs at high level, more particularly in the fields of agriculture, international trade and in the marketing of sugar.
    • Closely involved in the sugar sector reform strategy and process.
    • Fervent advocate of a strong public-private partnership for sustainable national growth.
    • Strong proponent of good governance, ethics, and good practice in business.
  • Hector Espitalier-Noël
    (Born in 1958)

    Executive Director and CEO of ENL Group

    Appointed as Director (amalgamated company): January 2019

    Qualifications: Member of the Institute of Chartered Accountants in England and Wales

    Committee: Member of the Corporate Governance Committee

    Professional journey:

    • CEO of ENL Limited and of the ENL Group.
    • Worked for Coopers and Lybrand in London.
    • Worked for De Chazal du Mée in Mauritius
    • Chairman of New Mauritius Hotels Limited and Semaris Ltd.
    • Past Chairman of the Board of Rogers and Company Limited.
    • Past chairman of the Mauritius Chamber of Agriculture, the Mauritius Sugar Producers Association, and the Mauritius Sugar Syndicate.

    Skills and experience:

    • Extensive CEO and leadership experience and skills.
    • Strong financial management and strategic business planning skills.
    • Significant experience in alliances, ventures, and partnerships.
    • Staunch advocate for a more open Mauritius.
    • Advocate for a strong public-private sector partnership for sustainable growth.
    • Strong proponent of private enterprise and entrepreneurship.
    • Strongly convinced of the multidimensional role of business.
  • Gilbert Espitalier-Noël
    (Born in 1964)

    Non-Executive Director

    Appointed as Director (amalgamated company): January 2019 - up for re-election at the next Annual Meeting

    Qualifications: BSc University of Cape Town, BSc (Hons) Louisiana State University and MBA INSEAD.

    Professional journey:

    • CEO of New Mauritius Hotels Limited since 2015.
    • Past Executive Director of ENL Group and CEO of ENL Property Limited.
    • Past Operations Director of Eclosia Group.
    • Past President of the Mauritius Chamber of Commerce and Industry, the Mauritius Chamber of Agriculture, the Joint Economic Council and the Mauritius Sugar Producers Association; past Vice-President of the Mauritius Export Association.

    Skills and experience:

    • In-depth knowledge and extensive experience of operations in ENL’s key sectors of activity.
    • A people’s person, skilled at creating highperforming teams.
    • Strong proponent of entrepreneurship, innovation, and initiative.
    • Staunch advocate of, and extensive experience in, public-private partnership for economic stewardship.
    • Sound understanding of the business dynamics in Mauritius.
  • Roger Espitalier Noël
    (Born in 1954)

    Non-Executive Director

    Appointed as Director (amalgamated company): January 2019 - up for re-election at the next annual meeting

    Qualifications: Certificate in Textile and Knitwear Technology

    Committees: Member of Audit & Risk Management and Corporate Governance Committees

    Professional journey:

    • Retired from Floreal Knitwear after more than 36 years.

    Skills and experience:

    • Extensive experience in the textile industry and in sustainability management.
  • Jean Raymond Hardy
    (Born in 1957)

    Executive Director

    Appointed as Director (amalgamated company): January 2019

    Qualifications: Master in Business Administration

    Professional journey:

    • Currently the Chief Executive Officer of ENL Agri Limited.
    • Worked at management level for Britannia Sugar Estate, Deep River Beau Champ Sugar Estate and Société de Gérance Mon Loisir.
    • Actual President of the Mauritius Chamber of Agriculture and Board Member of the Sugar Industry Pension Fund Board.

    Skills and experience:

    • More than 35 years’ experience in the sugarcane industry.
    • Actively involved in the centralisation process of sugar factories in the Centre and the South of Mauritius.
    • Skilled in negotiating difficult market conditions.
  • Jean-Pierre Montocchio
    (Born in 1963)

    Non-Executive Director

    Appointed as Director (amalgamated company): January 2019 - up for re-election at the next annual meeting

    Qualifications: Notary Public

    Committee: Member of the Corporate Governance Committee

    Professional journey:

    • Appointed Notary Public in Mauritius in 1990.
    • Contributed to the workings of the National Committee on Corporate Governance as a member of the Board of Directors’ Sub- Committee.

    Skills and experience:

    • Well-versed in corporate governance matters and NED experience across the private and public sectors.
    • Extensive experience in alliances, ventures, and partnerships.
    • Strong proponent of fairness in business.
    • Staunch defendant of shareholder’s interests.
  • Eric Espitalier-Noël
    (Born in 1959)

    Executive Director

    Appointed as Director (amalgamated company): January 2019

    Qualifications:Bachelor of Social Science, Master of Business Administration

    Professional journey:

    • CEO of ENL Commercial Limited.
    • Executive Director of ENL Limited.
    • Worked for De Chazal Du Mée & Co, Chartered Accountants.

    Skills and experience:

    • Extensive experience in the commercial and hospitality sectors.
  • Virginie Corneillet
    (Born in 1972)

    Executive Director

    Appointed as Director (amalgamated company): January 2019

    Qualifications: Maîtrise en Droit des Affaires from the University of Paris V (France)

    Committee: Member of the Corporate Governance Committee

    Professional journey:

    • Joined ENL in 2010 as Head of Legal and Corporate Affairs and is now Group Head of Governance and Legal Affairs.
    • Previously Worked at Groupe Mon Loisir (now IBL).
    • Started her career at Soulier & Associés, a French law firm based in Paris and Lyons, France.
    • Board member of the Mauritius Institute of Directors.

    Skills and experience:

    • Extensive experience in mergers and acquisitions, corporate transactions, and corporate governance matters.
    • Leadership skills with a track record in human resource, legal and communications management.
    • Strong proponent of future-fitting the group through investments in human capital, technology, and sustainable business initiatives.
    • Staunch advocate of good governance and diversity at board level.
  • Gérard Espitalier Noël, C.S.K., C.O.N.M.
    (Born in 1946)

    Non-Executive Director

    Appointed as Director (amalgamated company): January 2019 – up for re-appointment at the next Annual Meeting

    Qualifications: Diplôme de Perfectionnement en Administration des Entreprises (IAE, AIX-MARSEILLE)

    Professional journey:

    • CEO of ENL Limited and of the ENL Group.
    • Worked for Coopers and Lybrand in London.
    • Worked for De Chazal du Mée in Mauritius.
    • Chairman of New Mauritius Hotels Limited and Semaris Ltd.
    • Past Chairman of the Board of Rogers and Company Limited.
    • Past chairman of the Mauritius Chamber of Agriculture, the Mauritius Sugar Producers Association, and the Mauritius Sugar Syndicate.

    Skills and experience:

    • Strong knowledge and experience in positioning Mauritius as a destination of choice to live, work and play.
    • Proven skills at networking and building winning relationships at industry and national levels.
    • Ability to build and lead winning teams across trade and industry.
    • Experienced at crisis management.
    • Strong proponent of ethics and rigour in business.
  • Simon-Pierre Rey
    (Born in 1952)

    Independent Non-Executive Director

    Appointed as Director (amalgamated company): January 2019

    Qualifications: BA (Honours) in Economics and Chartered Accountant (UK)

    Committee: Member of the Audit and Risk Management Committee

    Professional journey:

    • Retired from IBL Group after 27 years of service.
    • Occupied the post of Group Finance Director/ Controller, Company Secretary and Chief Operating Officer at Ireland Blyth Limited (now IBL Limited).
    • Past Board Member, and Board Committee member, of various IBL companies, namely the Audit and the Corporate Governance Committees.
    • For period 2014-2019, was a Non-Executive Director, Chairperson of the Conduct Review Committee, member of the Audit Committee and of the Nomination and Remuneration Committee of MCB Ltd.

    Skills and experience:

    • Significant financial management expertise with a commercial track record.
    • Good governance knowledge with an independent mindset and commitment.
    • Strong advocate of relationships building.
    • Proponent of the social role of business.
  • Mushtaq Oosman
    (Born in 1954)

    Independent Non-Executive Director

    Appointed as Director (amalgamated company): January 2019

    Qualifications: Fellow of the Institute of Chartered Accountants in England and Wales

    Committee: Chairman of the Audit & Risk Management Committee

    Professional journey:

    • Heads OIP Ltd, an insolvency practice he founded in January 2016 after retiring from PwC.
    • Retired from PwC in November 2015 after 30 years in service.
    • Former Assurance Partner at PwC and responsible for Business Recovery Services as well as the Chief Operating Partner for Mauritius.
    • Past Member of the Africa Central Governance Board.
    • Trained and qualified as a Chartered Accountant with Sinclairs in the UK.

    Skills and experience:

    • Well-versed in the workings and responsibilities of a Governance Board.
    • Professional experience in audit and financial advice, with a diversified portfolio of clients in sectors such as banking, insurance, manufacturing, sugar companies, the hospitality industry, betting operator, textiles, and trading.
    • Outspoken professional, challenging set business lines and practices with a view to spur improvement.
  • Johan Pilot
    (Born in 1982)

    Executive Director

    Appointed as Director (amalgamated company): January 2019

    Qualifications: Chartered Accountant from the Institute of Chartered Accountants in England & Wales

    Professional journey:

    • Joined ENL in August 2007 and presently the Chief Executive Officer of ENL Property Limited.
    • Previously worked at PWC-Mauritius.

    Skills and experience:

    • More than 10 years of experience in the property developments of ENL group.
    • Modern leadership skills.
    • Driven by his vision to be a trend-setter in terms of sustainable urban development.
    • Strong proponent of the pluri-dimensional role of business.
  • Jean Noël Humbert
    (Born in 1949)

    Chairman of the Board of Directors, Independent Non-Executive Director

    Appointed as Director (amalgamated company): January 2019 - up for re-appointment at the next annual meeting

    Qualifications: Honours Degree in Agriculture

    Committee: Chairman of the Corporate Governance Committee

    Professional journey:

    • Currently employed as Senior Consultant at Eclosia Group where he has previously served for 20 years in different managerial roles.
    • Past Chief Executive Officer of the Mauritius Sugar Syndicate, past Secretary General of the Mauritius Chamber of Agriculture, and past President of the National Productivity & Competitiveness Council.

    Skills and experience:

    • Strong knowledge and hands-on experience in the development of a sustainable agroindustry in Mauritius.
    • Vast experience in institutional affairs at high level, more particularly in the fields of agriculture, international trade and in the marketing of sugar.
    • Closely involved in the sugar sector reform strategy and process.
    • Fervent advocate of a strong public-private partnership for sustainable national growth.
    • Strong proponent of good governance, ethics, and good practice in business.
  • Hector Espitalier-Noël
    (Born in 1958)

    Executive Director and CEO of ENL Group

    Appointed as Director (amalgamated company): January 2019

    Qualifications: Member of the Institute of Chartered Accountants in England and Wales

    Committee: Member of the Corporate Governance Committee

    Professional journey:

    • CEO of ENL Limited and of the ENL Group.
    • Worked for Coopers and Lybrand in London.
    • Worked for De Chazal du Mée in Mauritius
    • Chairman of New Mauritius Hotels Limited and Semaris Ltd.
    • Past Chairman of the Board of Rogers and Company Limited.
    • Past chairman of the Mauritius Chamber of Agriculture, the Mauritius Sugar Producers Association, and the Mauritius Sugar Syndicate.

    Skills and experience:

    • Extensive CEO and leadership experience and skills.
    • Strong financial management and strategic business planning skills.
    • Significant experience in alliances, ventures, and partnerships.
    • Staunch advocate for a more open Mauritius.
    • Advocate for a strong public-private sector partnership for sustainable growth.
    • Strong proponent of private enterprise and entrepreneurship.
    • Strongly convinced of the multidimensional role of business.
  • Gilbert Espitalier-Noël
    (Born in 1964)

    Non-Executive Director

    Appointed as Director (amalgamated company): January 2019 - up for re-election at the next Annual Meeting

    Qualifications: BSc University of Cape Town, BSc (Hons) Louisiana State University and MBA INSEAD.

    Professional journey:

    • CEO of New Mauritius Hotels Limited since 2015.
    • Past Executive Director of ENL Group and CEO of ENL Property Limited.
    • Past Operations Director of Eclosia Group.
    • Past President of the Mauritius Chamber of Commerce and Industry, the Mauritius Chamber of Agriculture, the Joint Economic Council and the Mauritius Sugar Producers Association; past Vice-President of the Mauritius Export Association.

    Skills and experience:

    • In-depth knowledge and extensive experience of operations in ENL’s key sectors of activity.
    • A people’s person, skilled at creating highperforming teams.
    • Strong proponent of entrepreneurship, innovation, and initiative.
    • Staunch advocate of, and extensive experience in, public-private partnership for economic stewardship.
    • Sound understanding of the business dynamics in Mauritius.
  • Roger Espitalier Noël
    (Born in 1954)

    Non-Executive Director

    Appointed as Director (amalgamated company): January 2019 - up for re-election at the next annual meeting

    Qualifications: Certificate in Textile and Knitwear Technology

    Committees: Member of Audit & Risk Management and Corporate Governance Committees

    Professional journey:

    • Retired from Floreal Knitwear after more than 36 years.

    Skills and experience:

    • Extensive experience in the textile industry and in sustainability management.
  • Jean Raymond Hardy
    (Born in 1957)

    Executive Director

    Appointed as Director (amalgamated company): January 2019

    Qualifications: Master in Business Administration

    Professional journey:

    • Currently the Chief Executive Officer of ENL Agri Limited.
    • Worked at management level for Britannia Sugar Estate, Deep River Beau Champ Sugar Estate and Société de Gérance Mon Loisir.
    • Actual President of the Mauritius Chamber of Agriculture and Board Member of the Sugar Industry Pension Fund Board.

    Skills and experience:

    • More than 35 years’ experience in the sugarcane industry.
    • Actively involved in the centralisation process of sugar factories in the Centre and the South of Mauritius.
    • Skilled in negotiating difficult market conditions.
  • Jean-Pierre Montocchio
    (Born in 1963)

    Non-Executive Director

    Appointed as Director (amalgamated company): January 2019 - up for re-election at the next annual meeting

    Qualifications: Notary Public

    Committee: Member of the Corporate Governance Committee

    Professional journey:

    • Appointed Notary Public in Mauritius in 1990.
    • Contributed to the workings of the National Committee on Corporate Governance as a member of the Board of Directors’ Sub- Committee.

    Skills and experience:

    • Well-versed in corporate governance matters and NED experience across the private and public sectors.
    • Extensive experience in alliances, ventures, and partnerships.
    • Strong proponent of fairness in business.
    • Staunch defendant of shareholder’s interests.
  • Eric Espitalier-Noël
    (Born in 1959)

    Executive Director

    Appointed as Director (amalgamated company): January 2019

    Qualifications:Bachelor of Social Science, Master of Business Administration

    Professional journey:

    • CEO of ENL Commercial Limited.
    • Executive Director of ENL Limited.
    • Worked for De Chazal Du Mée & Co, Chartered Accountants.

    Skills and experience:

    • Extensive experience in the commercial and hospitality sectors.
  • Virginie Corneillet
    (Born in 1972)

    Executive Director

    Appointed as Director (amalgamated company): January 2019

    Qualifications: Maîtrise en Droit des Affaires from the University of Paris V (France)

    Committee: Member of the Corporate Governance Committee

    Professional journey:

    • Joined ENL in 2010 as Head of Legal and Corporate Affairs and is now Group Head of Governance and Legal Affairs.
    • Previously Worked at Groupe Mon Loisir (now IBL).
    • Started her career at Soulier & Associés, a French law firm based in Paris and Lyons, France.
    • Board member of the Mauritius Institute of Directors.

    Skills and experience:

    • Extensive experience in mergers and acquisitions, corporate transactions, and corporate governance matters.
    • Leadership skills with a track record in human resource, legal and communications management.
    • Strong proponent of future-fitting the group through investments in human capital, technology, and sustainable business initiatives.
    • Staunch advocate of good governance and diversity at board level.
  • Gérard Espitalier Noël, C.S.K., C.O.N.M.
    (Born in 1946)

    Non-Executive Director

    Appointed as Director (amalgamated company): January 2019 – up for re-appointment at the next Annual Meeting

    Qualifications: Diplôme de Perfectionnement en Administration des Entreprises (IAE, AIX-MARSEILLE)

    Professional journey:

    • CEO of ENL Limited and of the ENL Group.
    • Worked for Coopers and Lybrand in London.
    • Worked for De Chazal du Mée in Mauritius.
    • Chairman of New Mauritius Hotels Limited and Semaris Ltd.
    • Past Chairman of the Board of Rogers and Company Limited.
    • Past chairman of the Mauritius Chamber of Agriculture, the Mauritius Sugar Producers Association, and the Mauritius Sugar Syndicate.

    Skills and experience:

    • Strong knowledge and experience in positioning Mauritius as a destination of choice to live, work and play.
    • Proven skills at networking and building winning relationships at industry and national levels.
    • Ability to build and lead winning teams across trade and industry.
    • Experienced at crisis management.
    • Strong proponent of ethics and rigour in business.
  • Simon-Pierre Rey
    (Born in 1952)

    Independent Non-Executive Director

    Appointed as Director (amalgamated company): January 2019

    Qualifications: BA (Honours) in Economics and Chartered Accountant (UK)

    Committee: Member of the Audit and Risk Management Committee

    Professional journey:

    • Retired from IBL Group after 27 years of service.
    • Occupied the post of Group Finance Director/ Controller, Company Secretary and Chief Operating Officer at Ireland Blyth Limited (now IBL Limited).
    • Past Board Member, and Board Committee member, of various IBL companies, namely the Audit and the Corporate Governance Committees.
    • For period 2014-2019, was a Non-Executive Director, Chairperson of the Conduct Review Committee, member of the Audit Committee and of the Nomination and Remuneration Committee of MCB Ltd.

    Skills and experience:

    • Significant financial management expertise with a commercial track record.
    • Good governance knowledge with an independent mindset and commitment.
    • Strong advocate of relationships building.
    • Proponent of the social role of business.
  • Mushtaq Oosman
    (Born in 1954)

    Independent Non-Executive Director

    Appointed as Director (amalgamated company): January 2019

    Qualifications: Fellow of the Institute of Chartered Accountants in England and Wales

    Committee: Chairman of the Audit & Risk Management Committee

    Professional journey:

    • Heads OIP Ltd, an insolvency practice he founded in January 2016 after retiring from PwC.
    • Retired from PwC in November 2015 after 30 years in service.
    • Former Assurance Partner at PwC and responsible for Business Recovery Services as well as the Chief Operating Partner for Mauritius.
    • Past Member of the Africa Central Governance Board.
    • Trained and qualified as a Chartered Accountant with Sinclairs in the UK.

    Skills and experience:

    • Well-versed in the workings and responsibilities of a Governance Board.
    • Professional experience in audit and financial advice, with a diversified portfolio of clients in sectors such as banking, insurance, manufacturing, sugar companies, the hospitality industry, betting operator, textiles, and trading.
    • Outspoken professional, challenging set business lines and practices with a view to spur improvement.
  • Johan Pilot
    (Born in 1982)

    Executive Director

    Appointed as Director (amalgamated company): January 2019

    Qualifications: Chartered Accountant from the Institute of Chartered Accountants in England & Wales

    Professional journey:

    • Joined ENL in August 2007 and presently the Chief Executive Officer of ENL Property Limited.
    • Previously worked at PWC-Mauritius.

    Skills and experience:

    • More than 10 years of experience in the property developments of ENL group.
    • Modern leadership skills.
    • Driven by his vision to be a trend-setter in terms of sustainable urban development.
    • Strong proponent of the pluri-dimensional role of business.

Group leadership

Corporate governance report

ENL Limited (‘ENL’ or the ‘Company’) is a public interest entity under the provisions of the Financial Reporting Act. For ENL, good Corporate Governance is a synonym for sound management, transparency and disclosure. It encompasses good corporate practices, procedures, standards and implicit rules which lead us to take sound decisions that maximise long-term shareholder value without compromising on integrity, social obligations and regulatory compliances.[...]

Organisational and governance structure

The organisational and governance structure of ENL is illustrated as follows:

(1) As per its Terms of Reference, in its capacity, the Corporate Governance Committee also acts as Remuneration and Nomination Committee.
(2) ENL Secretarial Services Limited provides corporate secretarial services to the Company.

Board composition

Board composition

Board composition by gender

Holding structure and shareholder profile


Organisational and governance structure

The organisational and governance structure of ENL is illustrated as follows:

(1) As per its Terms of Reference, in its capacity, the Corporate Governance Committee also acts as Remuneration and Nomination Committee.
(2) ENL Secretarial Services Limited provides corporate secretarial services to the Company.

Board composition

Board composition by gender

Holding structure and shareholder profile

Download full governance report