Boulben withdraws from race for Orange CEO post, le Figaro reports
Reuters
Published Jan 22, 2022 02:36PM ET
PARIS (Reuters) - Verizon (NYSE:VZ) Chief Revenue Officer Frank Boulben has written to the board of Orange withdrawing from the race to head the French telecom firm, Le Figaro reported on Saturday.
Sources told Reuters earlier this month that Boulben was one of three people on a shortlist of possible candidates. The others are Orange's Chief Financial Officer Ramon Fernandez and Schneider Electric (PA:SCHN)'s head for Europe, Christel Heydemann, who also sits on Orange's board.
Le Figaro wrote that Heydemann "seemed on track to succeed Stephane Richard" but that a board meeting to decide on the post has been moved from Monday to Jan. 28.
Earlier this month, financial daily Les Echos reported that finance minister Bruno Le Maire favoured Heydemann for the post.
The French state has a 23% stake in Orange and has the final say on who runs the firm.
Orange, France's biggest telecoms operator, said in November it would find a successor to its Chairman and CEO Stephane Richard by Jan. 31 after a Paris appeal court convicted him of complicity of misuse of public funds.
Get The News You Want
Written By: Reuters
Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.