Almarys is a long‑term play

Almarys is a
long‑term play

Grounded in lasting value and future potential

Almarys is listed on the Official Market of the Stock Exchange of Mauritius. The company holds 13,300 arpents of strategically located agricultural land and a 25.38% equity stake in Société Helicophanta. Through investment in Almarys, shareholders access a strategic minority stake in a world-class biotech company offering both recurring cash flows and medium-term growth potential.

Almarys offers a blend of asset-backed security and innovative growth opportunities to its shareholders.

Board of Directors

Almarys is governed and managed by a professional Board of Directors comprising members of proven credentials and domain expertise. The positions of Chairman and Chief Executive Officer are separate as per the group’s Governance Policy. The Board is assisted by specialised Committees of the Board, namely the Audit and Risk Committee and the Corporate Governance Committee. 

Virginie Corneillet

Executive Director

Eric Espitalier-Noël

Non-Executive Director

Gilbert Espitalier-Noël

Executive Director

Hector Espitalier-Noël

Chairman and Non-Executive Director

Philippe Espitalier-Noël

Executive Director

Roger Espitalier Noël

Non-Executive Director

Gianduth (Alvin) Jeeawock

Independent Non-Executive Director

Damien Mamet

Executive Director

Jean-Pierre Montocchio

Non-Executive Director

Vandana Nathoo

Independent Non-Executive Director

Johan Pilot

Executive Director

Panir Pushpom Soobiah

Independent Non-Executive Director

Board Committees

Audit and Risk Management Committee

The Audit and Risk Management Committee assists the Board in its duties relating to risk management, safeguarding of assets, the operation of adequate systems, control processes and the preparation of accurate financial reports and statements in compliance with legal requirements and accounting standards.

Members:

Corporate Governance Committee

The committee assists the Board in its duties relating to corporate governance provisions to be adopted so that the Board remains effective and complies with prevailing corporate governance principles and practices.

Members:

Management Team

The management of Almarys is carried out by ER Management Services Limited, which is responsible for leading the execution of the Company’s strategies, managing its operations, and delivering on its objectives, in line with the direction set by the Board and in compliance with applicable requirements.

Corporate governance

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Virginie Corneillet

Executive Director

First Appointed as Director:

  • January 2019


Professional journey:

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

Eric Espitalier‑Noël

Non-Executive Director

First Appointed as Director:

  • August 1991


Professional journey:

  • CEO of ENL Commercial Limited until 31 December 2024, now ER Commercial.
  • Worked for De Chazal Du Mée & Co, Chartered Accountants.

Gilbert Espitalier‑Noël

Executive Director

First Appointed as Director:

  • January 2019
  • Chairman of the Corporate Governance Committee since July 2025


Professional journey:

  • Group CEO of the ER Group since July 2025.
  • CEO of ENL Limited and of the ENL Group, now ER Group.
  • CEO until June 2023 and Chairman from 5 July 2023 of New Mauritius Hotels Limited.
  • Past CEO of ENL Property Limited.
  • Past Operations Director of Eclosia Group.
  • Past President of the Mauritius Chamber of Commerce and Industry, the Joint Economic Council, and the Mauritius Sugar Producers Association; past Vice-President of the Mauritius Export Association.

Hector Espitalier‑Noël

Chairman
Non-Executive Director

First Appointed as Director:

  • December 1987
  • Member of the Audit and Risk Committee since July 2025


Professional journey:

  • CEO of ENL Limited and of ENL Group until 30 June 2023.
  • Worked for Coopers and Lybrand in London.
  • Worked for De Chazal du Mée in Mauritius.
  • Past Chairman of the Boards of Rogers and Company Limited, New Mauritius Hotels Limited, and Semaris Ltd.
  • Past Chairman of the Mauritius Chamber of Agriculture, the Mauritius Sugar Producers Association, and the Mauritius Sugar Syndicate.

Philippe Espitalier‑Noël

Executive Director

First Appointed as Director:

  • September 2023


Professional journey:

  •  CEO of the ER Group since July 2025.
  • CEO of the Rogers Group, now ER Group.
  • Honorary Consul of the Kingdom of Denmark.
  • Chairman of Business Mauritius Sustainability and Inclusive Growth Commission since March 2017.
  • Previously worked as a management consultant for CSC Index in London.

Roger Espitalier Noël

Non-Executive Director

First Appointed as Director:

  • November 2008


Professional journey:

  • Former Corporate Sustainability Advisor of CIEL Textile where his activities were focused on the environmental, logistics, utilities, and retail aspects of the knits division.
  • Retired from Floreal Knitwear after serving for more than 36 years in different managerial/ executive positions in Mauritius and Madagascar.

Gianduth (Alvin) Jeeawock

Independent Non-Executive Director

First Appointed as Director:

  • July 2025
  • Chairman of the Audit and Risk Committee since July 2025


Professional journey:

  • Chief Operations Officer – Swan Capital Solutions.
  • Senior Manager at Swan Wealth Managers Ltd.
  • Manager at Swan Wealth Managers Ltd.
  • Senior Fund Managers at Swan Wealth Managers Ltd.
  • Fund Manager at Swan Wealth Managers Ltd.
  • Senior Financial Analyst at Swan Wealth Managers Ltd.
  • Lead analyst at Capital Markets Brokers & sister companies.

Damien Mamet

Executive Director

First Appointed as Director::

  • July 2025


Professional journey:

  • Chief Finance Executive of the ENL and Rogers Groups, now ER Group.
  • Past Chief Projects and Development Executive Group of Rogers and Company Limited up to 2017.
  • Past Managing Director of Foresite Property Fund Management Ltd and Corporate Manager of Rogers – Project and Development until 2014.
  • Past Managing Director of Cim Property Fund Management Ltd up to June 2011.
  • Past Manager of Transaction Services at PwC up to June 2009.
  • Past Manager of Corporate Finance Services at BDO De Chazal Du Mée up to December 2006.
  • Past Supervisor at Ernst & Young Mauritius from June 2003 to July 2004.
  • Past Audit Senior at Ernst & Young London, UK up to December 2002.

Jean‑Pierre Montocchio

Non-Executive Director

First Appointed as Director:

  • January 2019
  • Member of the Corporate Governance Committee since July 2025


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’ subcommittee.

Vandana Nathoo

Independent Non-Executive Director

First Appointed as Director:

  • July 2025
  • Member of the Audit and Risk Committee since July 2025
  • Member of the Corporate Governance Committee since July 2025

Professional journey:

  • Currently serves as an Independent Non-Executive Director on the board of a top 50 company and holds board roles on three collective investment vehicles at MCB Capital Markets, one of which is listed jointly on the Stock Exchange of Mauritius and the Botswana Stock Exchange.

  • Held senior positions at HSBC and Banque Des Mascareignes (a member of the Caisse d’Épargne Group, France), where she was responsible for leading flagship branches and driving operational excellence across key business divisions. Building on this foundation, Vandana Nathoo went on to establish a specialist training firm in retail banking, which rapidly gained the trust of major financial institutions in Mauritius.

Johan Pilot

Executive Director

First Appointed as Director:

  • February 2019
  • Member of the Corporate Governance Committee since July 2025


Professional journey:

  • Joined ENL Group in August 2007, and is presently the Chief Executive Officer of ENL Property Limited, now ER Property.
  • Previously worked at PwC Mauritius.

Panir Pushpom Soobiah

Independent Non‑Executive Director

First Appointed as Director:

  • July 2025
  • Member of the Audit and Risk Committee since July 2025


Professional journey:

  • Currently Senior Vice President, Global Change at Apex Group.
  • Past Director, Global Head of Strategic Projects Unit at Sanne Group.
  • Past Head of Centre of Excellence (COE) for Financial Reporting.
  • Past Director Change Management until 2018.
  • Past Head of Corporate Advisory and Risk Management until 2016.
  • Past Head of Service Delivery at Accenture Mauritius Ltd until 2011.
  • Past Business Development Manager of Rogers Outsourcing Solutions (BPO) up to 2006.
  • Past Senior Manager at Ernst & Young/BTI Consulting up to 2002.
  • Started her career as a Consultant to Senior Manager at DCDM Consulting – representative of Andersen Worldwide up to 1998.

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