From the outset, towards the end of the 1960s, the five founding directors (G. Vincent, J. Borde, H. Fournier, M. de Sereys and G. Boreil) decided that their children would not have positions of responsibility within the company. Thermador Holding was created in 1986 with a view to a listing on the Stock Exchange in 1987 on Lyon’s second market. The main objectives going public were:
- to ensure the durability and development of the group’s companies,
- to facilitate the liquidity of the founders’ equity for the present and moving forward,
- to satisfy and incentivize a large number of outside shareholders to allow a suitable degree of independence to the minority directors.