Management team

The decision-making bodies of Armacell International S.A. are comprised of the persons listed below. They set the strategic goals, establish standards, and ensure compliance responsible for the long-term success of the Group.

Executive management team

Our executive team is composed of highly experienced managers with a diverse range of skills. Their common purpose is to drive the company's future growth by furthering innovation, encouraging commitment and promoting entrepreneurship.

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Supervisory board

  • Mathieu Paillat (Chairman)
  • Laurent Rivoire 
  • Philipp Meyer
  • Jacob Chris Lassen
  • Peter Christopher Vestermark Bason
  • Jorgen Jensen

Management Board

  • Patrick Mathieu (Chairman)
  • Sophie Ancelin
  • Guillerme Huguen
  • Wim Van Acker

Since 28 February 2020, private equity funds managed by PAI Partners are Armacell’s majority shareholder. The remaining shares are held by the holding and investment company KIRKBI and Armacell’s senior management team.

About PAI Partners

PAI Partners is a leading European private equity firm with offices in Paris, London, Luxembourg, Madrid, Milan, Munich, New York and Stockholm. PAI manages €13.6 billion of dedicated buyout funds. Since 1994, the company has completed 71 transactions in 11 countries, representing over €50 billion in transaction value. PAI Partners is characterised by its industrial approach to ownership combined with its sector-based organisation. PAI Partners provide the companies it owns with the financial and strategic support required to pursue their development and enhance strategic value creation.


KIRKBI is the Kirk Kristiansen family’s private holding and investment company founded to promote a sustainable future for the family ownership of the LEGO brand through generations. KIRKBI’s strategic activities include 75% ownership of the LEGO Group, 50% ownership of Merlin Entertainments and investments in renewable energy. The company’s investment activities also include significant long-term investments in companies such as ISS, Nilfisk, Landis+Gyr and Falck as well as real estate investments in Denmark, Switzerland, Germany and the UK.

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