Governance
The Circuit of Spa-Francorchamps is a public limited-liability company (SA) whose main shareholder is Wallonia via “Wallonie Entreprendre”.
Its Board of Directors, appointed for a period of five years, is composed of:
- Nine directors of the Board (including the President and Vice-President) appointed by the Walloon Government;
- Three independent directors appointed on the advice of the Walloon Government;
- Wallonie Entreprendre as well as an administrator proposed by Wallonie Entreprendre;
- Two commissioners appointed by the Walloon Government.
The Board of Directors
The Board of Directors was renewed on 17 July 2025.
In general, the Board of Directors meets around ten times a year. All Board duties or mandates are carried out pro bono, whether within the Board of Directors Administration or on the two committees.
Members of the Board of Directors are:
- Melchior Wathelet, President;
- Mr Laurent Louyet, Vice-President;
- Ms Michelle Habets;
- Mrs Sophie Delettre;
- Mr Fabien Legros ;
- Mrs Emilie Massin ;
- Mr Yoann Frédéric;
- Mrs Aline Pierre;
- Mrs Alda Greoli;
- Mr Willy Delflys;
- Mr Gilles Mouyard;
- Ms Stéphanie Montenair, representative of Wallonie Entreprendre;
- Mr Sébastien Durieux, representative of Wallonie Entreprendre;
- Mr Nicolas Reynders, Government Commissioner;
- Mr Pol Flamend, Government Commissioner
Alongside the Board of Directors, we have two committees that are responsible for providing advice, giving opinions and for formulating Board proposals and recommendations. Both these committees: the Audit Committee. and the Human Resources & Remuneration Committee are chaired by an independent director.
Audit Committee
The Audit Committee’s mission is to ensure:
1° Communication to the Board of Directors of relevant information on the statutory and annual accounts audit results together with explanations on how the statutory audit of the annual accounts and, where applicable, the consolidated accounts have contributed to the integrity of financial information, and on the role that the audit committee has played in this process;
2° Monitoring the process of preparing financial information and the presentation of recommendations or proposals in order to guarantee its integrity ;
3° Monitoring the effectiveness of the organism’s internal control and risk management in conjunction with monitoring the internal audit and its efficiency;
4° Monitoring the statutory audit of annual accounts, including monitoring questions and recommendations formulated by the Government Commissioner.
This is composed of:
- Ms Alda Greoli, President;
- Mrs Emilie Massin;
- Mrs Stéphanie Montenair
Human Resources & Remuneration Committee
The Human Resources & Remuneration Committee is responsible for providing an opinion on remuneration practices and policies, and also to issue recommendations on individual remuneration and any other benefits granted to the Company’s Directors.
This is composed of:
- Mr Willy Delflys, President;
- Mrs Sophie Delettre;
- Mrs Aline Pierre;
- Mr Sébastien Durieux
General Assembly
The General Assembly includes all the Circuit’s shareholders, namely: the Walloon Region, the Province of Liège, the City of Stavelot, the City of Malmedy, the City of Spa, the City of Verviers, The German-speaking Community, FTPL, RACB, FMB, RAC Spa, RAC Junior de Liège, Union mécanisée Spa, Santa Fe Motor Club and RMU.
Documents - General Shareholders Meeting
