HomeBusinessBoulben withdraws from race for Orange CEO post, le Figaro reports

Boulben withdraws from race for Orange CEO post, le Figaro reports

PARIS : Verizon Chief Revenue Officer Frank Boulben has written to the board of Orange withdrawing from the race to go the French telecom agency, Le Figaro reported on Saturday.

Sources advised Reuters earlier this month that Boulben was considered one of three folks on a shortlist of attainable candidates. The others are Orange’s Chief Financial Officer Ramon Fernandez and Schneider Electric’s head for Europe, Christel Heydemann, who additionally sits on Orange’s board.

Le Figaro wrote that Heydemann “seemed on track to succeed Stephane Richard” however {that a} board assembly to determine on the put up has been moved from Monday to Jan. 28.

Earlier this month, monetary each day Les Echos reported that finance minister Bruno Le Maire favoured Heydemann for the put up.

The French state has a 23per cent stake in Orange and has the ultimate say on who runs the agency.

Orange, France’s greatest telecoms operator, mentioned in November it could discover a successor to its Chairman and CEO Stephane Richard by Jan. 31 after a Paris enchantment courtroom convicted him of complicity of misuse of public funds.

(Reporting by GV De Clercq; Editing by Catherine Evans)

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