Farid Aractingi

Farid Aractingi

Following an international career in Information technology and Internal audit, Farid Aractingi enlarged to corporate governance as an independent director. He chaired the Audit committee of RCI Bank & Services, a financial affiliated company of Renault, regulated by the ECB with 12 other French banks, and of Fattal Group, a family business, importing and distributing pharmaceuticals and Fast Moving Consumer Goods in the MENA region for 120 years.

Farid Aractingi led the Audit, Risk and Organisation department of Renault from 2011 to 2019, after having been instrumental to the re-organisation of the group and its governance structure.

He also chaired Renault-Nissan Consulting, a consulting firm focused on operational excellence, with a profitable revenue of 50 M€. As such, Farid was involved in the major transformation programs of Renault. In particular, he conducted the 2012-2014 performance program, which boosted the profit of the company. In 2016-2017, he designed the Renault Digital initiative which expanded in 2018 to the "Agile at scale" program encompassing the whole corporation.

Until 2011, he served as Chief Audit Executive of Renault for 5 years, during which time he transformed a traditional Internal Audit department into a strategic business partner, and also defined the concept of "lean audit" based on three pillars: cross-functionality, basic controls and "pragmatic courage".

From 1976 to 2006, Farid developed a wide expertise in information systems within various corporations, being appointed in 1994 CIO of Bull France and Managing Director of Integris Data Services, and then CIO of Renault for support functions from 1999 to 2001, when he deployed SAP enterprise-wide. From 2001 to 2006, he managed RNIS, the Renault-Nissan JV for information services, based in Tokyo.

From 2012 to 2016 Farid was Chairman of the Board of the IFACI, the French Institute of Internal Auditors. In his role as Chairman, Farid established strong connections within the European and international Enterprise Risk Management communities, playing a major role in the development of the pioneering "Three Lines of Defence" business model. In 2017, he was elected President of the ECIIA (European Confederation of Institutes of Internal Auditing), grouping 47 000 auditors in 35 countries. In parallel, between 2011 and 2017, he taught governance and control in the certification program aimed at Board members, in Sciences-Po.

Born in Lebanon, Farid holds an MS in Engineering from the French Ecole des Mines, a BA in History, and an AMP from Wharton in Philadelphia, USA.



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