Victory Capital Holdings: Director Resigns; Amundi Executive Joins Board

What Happened

• Victory Capital Holdings, Inc. announced on July 23, 2026 that director Dominique Carrel-Billiard resigned effective July 23, 2026 due to his departure from Amundi. The company stated the resignation was not due to any disagreement with Victory Capital.
• The Board, following the Nominating & Governance Committee recommendation, appointed Nicolas Calcoen (Deputy CEO, Head of Strategy, Finance & Control Division at Amundi) to the Board effective July 23, 2026 as a Class III director with a term expiring at Victory Capital’s 2027 Annual Meeting. Mr. Calcoen has extensive banking and asset-management experience and holds multiple advanced degrees.

Key Details

• Resignation effective date: July 23, 2026 (Dominique Carrel-Billiard).
• Appointment effective date: July 23, 2026 (Nicolas Calcoen); term expires at 2027 Annual Meeting.
• Mr. Calcoen has waived any right to compensation for serving as a non-employee director.
• Company entered into its standard indemnification agreement with Mr. Calcoen; no related-party transactions requiring Item 404(a) disclosure were reported.

Why It Matters

• This is a board composition change that preserves representation tied to Amundi (the departing director’s employer) without reported disagreement or governance issues.
• Because the new director waived compensation and the company reports no related-party transactions, the change has limited immediate financial impact. Investors should note the continued connection to an experienced Amundi executive and may monitor future governance disclosures for any strategic implications.