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General

French president, unions back Orange CEO

Monday 17 June 2013 | 10:18 CET | News
French president Francois Hollande has expressed confidence in France Telecom-Orange chairman and CEO Stephane Richard, saying he will remain in the post. The government's 27 percent stake in the operator give it three voices on the board. Trade unions are also backing Richard, whose future will be put up for a vote by the board this afternoon. Les Echos writes that he is likely to stay put. The executive has been placed under formal investigation for his alleged role in the previous government's decision to make a large settlement payment to businessman Bernard Tapie over the price he was

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Categories: General
Companies: France Telecom / Orange
Countries: France
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