Item 5.02. Departure of Directors or Certain Officers; Election of Directors;
Appointment of Certain Officers; Compensatory Arrangements of Certain
Officers.
On May 18, 2022, Michel Combes resigned as a member of the board of directors
(the "Board") of LDH Growth Corp I (the "Company"). Mr. Combes' decision to
resign was not based on any disagreement with the Company or management.
On May 18, 2022, the Board of the Company appointed Alex Clavel to the Board and
as Managing Partner of the Company.
Mr. Clavel is a Managing Partner at SoftBank Group International ("SoftBank")
responsible for global corporate development and investing activities. Mr.
Clavel serves as a director on various internal and external company boards of
directors and oversees SoftBank's portfolio of external funds investments. Mr.
Clavel joined SoftBank in Tokyo in 2015 and worked in Silicon Valley for two
years before moving to New York in 2018. Prior to joining SoftBank, Mr. Clavel
spent 19 years at Morgan Stanley in investment banking. He graduated from
Princeton University and speaks French, Mandarin Chinese, and Japanese.
On May 18, 2022, the Board of the Company also appointed Alexander Fortmuller as
the Head of Corporate Development of the Company.
Mr. Fortmuller is a Director of Corporate Development and Investments at
SoftBank. Since joining SoftBank in 2019, Mr. Fortmuller has worked as a leading
member of its operating and investment group supporting a portfolio of
investments across sectors and geographies. He has also served as a director on
various internal and external company boards of directors. Prior to joining
SoftBank, Mr. Fortmuller spent several years at McKinsey & Co. as a consultant
in Silicon Valley and at UBS Securities LLC in San Francisco. He holds a
Bachelor of Commerce from McGill University and a Master of Business
Administration from The Wharton School at the University of Pennsylvania.
On May 18, 2022, the Company and each of Mr. Clavel and Mr. Fortmuller entered
into that certain letter agreement between the Company and each of its officers
and directors in connection with the Company's initial public offering in the
form previously filed as Exhibit 10.1 to the Company's Form 8-K filed with the
U.S. Securities and Exchange Commission (the "SEC") on March 24, 2021 (the
"March 24th Form 8-K") and an Indemnity Agreement in the form previously filed
as Exhibit 10.8 to the March 24th Form 8-K. The foregoing descriptions of the
Letter Agreement and the Indemnity Agreement do not purport to be complete and
are qualified in their entireties by reference to the Letter Agreement and
Indemnity Agreement, copies of which are attached as Exhibit 10.1 and Exhibit
10.8 to the March 24th Form 8-K and are incorporated herein by reference.
Other than the foregoing, neither Mr. Clavel nor Mr. Fortmuller is a party to
any arrangement or understanding with any person pursuant to which he was
appointed as a director or officer, nor is he party to any transactions required
to be disclosed under Item 404(a) of Regulation S-K involving the Company.
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