The Limited Times

Now you can see non-English news...

The many challenges of Slawomir Krupa, the new leader of Société Générale

2022-09-30T18:00:59.223Z

DECRYPTION - Appointed to succeed Frédéric Oudéa as general manager of the bank, he will notably have to continue his reorganization and restore the stock market price.



Slawomir Krupa was appointed at a time when Societe Generale was doing better.

Weakened by more than a decade of crises, it has recently raised the bar.

And it got rid of its Russian subsidiary Rosbank at a high price.

"But the moult is not over

," says an expert.

The future leader will have to meet many challenges, including that of restoring the bank's stock market price.

Have a long-term vision and achieve goals

This is certainly one of the main challenges for Slawomir Krupa: having a long-term strategic vision and sticking to it.

For a long time, Frédéric Oudéa was criticized for the lack of a clear strategy.

Decisions to remedy the many difficulties encountered by the bank in recent years have often been taken defensively, observers point out.

To reduce its very high costs, Societe Generale has notably increased the number of staff cuts and sold many assets.

Recently, Frédéric Oudéa implemented a clearer strategy to grow…

This article is for subscribers only.

You have 85% left to discover.

Cultivating your freedom is cultivating your curiosity.

Keep reading your article for €0.99 for the first month

I ENJOY IT

Already subscribed?

Login

Source: lefigaro

All business articles on 2022-09-30

Similar news:

You may like

Business 2022-09-30T10:18:36.205Z
News/Politics 2022-11-14T15:57:53.610Z
Business 2022-09-05T21:17:34.950Z

Trends 24h

Latest

© Communities 2019 - Privacy