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Antoine Frérot passes the torch at the height of his power


STORY - The leader of Veolia organizes his succession at the time of the takeover of his historic rival Suez.

The news surprised.

On January 10, the very day of the announcement of the success of Veolia's takeover bid on Suez, its initiator, Antoine Frérot, announced his intention to hand over the operational reins of the company.

In a brief press release, Veolia announced a separation of the functions of Chairman and Chief Executive Officer as of July 1.

And that Antoine Frérot, 64 years old next June, would only retain that of president.

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The leader is therefore organizing his succession at the very moment when he reaches his holy grail: the takeover of Suez, Veolia's historic rival.

An operation that gave rise to a furious stock market, legal and media battle with the leaders of Suez.

“The success of the merger between Veolia and Suez is an important personal satisfaction for him

,” reports a close friend of the company.

He leaves the operational management to Estelle Brachlianoff, a polytechnician - like him - 49 years old.

Its legitimacy is enormous internally

Pierre-André de Chalendar, President of Saint-Gobain

For Veolia, it's a page that turns...

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Source: lefigaro

All business articles on 2022-01-17

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