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"Big Business" No. 90: Societe Generale, the strange exit of Frédéric Oudéa


EXCLUSIVE SUBSCRIBER LETTER - Announced a year before the deadline, the departure of the bank's managing director creates uncertainty and uncertainty about the succession process led by the board of directors.

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Surprise at the Porte de Versailles last Tuesday, around 5:30 p.m., right after the closing of the Stock Exchange, when Frédéric Oudéa, the general manager of Société Générale, spoke to the shareholders.

“In a year, my mandate will end.

With this in mind, I have given a lot of thought to the various options concerning me, taking into account the interests of the group and the challenges of the coming years.

(...) I indicated to the council that I will not be a candidate for the renewal of my mandate.

It's a decision taken with humility, a lot of emotion and but also a lot of personal serenity

,” said Frédéric Oudéa.

Frédéric Oudéa, the managing director of Société Générale, before the general meeting of shareholders on May 17.

Benoit Tessier/REUTERS

Don't go watch the video.

I did it for you, it's cold as a bank statement.

No trace of emotion or particular tension on the faces.

If you are a lover of pathos and tears in the eye, you will surely find it at Orange, where Stéphane Richard has definitively left the head of the group, replaced by the tandem...

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Source: lefigaro

All business articles on 2022-05-20

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