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Tereos: crucial supervisory board postponed to December 15

2020-12-11T07:33:29.372Z


INFO LE FIGARO - This postponement is caused by the condemnation of certain elected representatives of the sugar cooperative for "slanderous denunciation". They must therefore resign from their post.


While the sugar cooperative was to hold a crucial supervisory board for its future on Friday, it was postponed to Tuesday, December 15, according to our information.

Read also: Power struggles for control of the Tereos sugar cooperative

In question: the final conviction this Thursday of some of its elected officials for

"slanderous denunciation"

.

According to an internal charter at the cooperative, it must lead them to resign from their position, according to a letter sent by the current chairman of the supervisory board Jean-Charles Lefebvre to the 25 members of the board.

For about ten days, the sugar group (4.5 billion euros in turnover, 12,000 cooperative members) has again been shaken by internal dissensions which have plagued it for three years.

Two camps clash: one favorable to the strategy in place led by the Chairman of the Management Board Alexis Duval, based on internationalization and the diversification of activities.

And those in favor of refocusing the cooperative on Europe and the sale of loss-making activities and sites to reduce the group's indebtedness.

A condemned former slinging cooperator

In 2019, a previous governance crisis had reinforced the strategy in place.

But on November 30, the election of a former rebellious co-operator, recently convicted of slanderous denunciation, reignited the fire.

Now numbering three out of the 25 members of the board, these elected protestors believe they have sufficient support to outnumber the leadership in place.

A cleaver or not for secret ballots, which will therefore take place on Tuesday.

Source: lefigaro

All business articles on 2020-12-11

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