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New governance crisis at the head of PMU

2021-10-21T17:11:59.434Z


Cyril Linette, the general manager, is abruptly disembarked, six months before his term of office. Sudden end of the race for Cyril Linette six months from the end of his mandate. Director General of PMU since early 2018, he was ousted for misconduct on Thursday, following an extraordinary general meeting. A plan to relocate the company's headquarters would have caused this hasty departure. PMU is not a company like any other. Under the supervision of several ministries (Agriculture and Food,


Sudden end of the race for Cyril Linette six months from the end of his mandate.

Director General of PMU since early 2018, he was ousted for misconduct on Thursday, following an extraordinary general meeting.

A plan to relocate the company's headquarters would have caused this hasty departure.

PMU is not a company like any other.

Under the supervision of several ministries (Agriculture and Food, Action and Public Accounts), it is a GIE controlled by France Galop and Le Trot, the two associations organizing horse races, to which it transfers its profits.

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The PMU boss disembarked because of a building?

For years, relations between PMU and its two parent companies have been strained.

The industry has been going badly for years.

It is struggling to restructure itself, while the downward trend in income is forcing it to do so.

For economic reasons, the PMU had to move to the same building as its parent companies, at their request: France Galop and Le Trop would have bought it and the PMU would have been the tenant of part of the

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Source: lefigaro

All business articles on 2021-10-21

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