The Limited Times

Now you can see non-English news...

Olivier Klein renounces to run for the presidency of BPCE

2022-10-06T11:39:04.590Z


At 65, he has reached the age limit set by the banking group for members of the executive board. It is not possible to change the statuses in a short time. Four candidates remain in the running.


Olivier Klein throws in the towel.

The managing director of Bred is no longer seeking the succession of Laurent Mignon at the head of the banking group BPCE (Banques Populaires, Caisses d'Epargne, Natixis, Bred).

He has just withdrawn his candidacy which would have forced the mutualist group to change its statutes.

In fact, at 65, he has reached the age limit set for members of the Executive Board.

“However, it was too difficult to change the statutes of BPCE in the allotted time”

, explains one in his entourage.

BPCE has, it is true, chosen an accelerated procedure to replace Laurent Mignon, who will take the helm of the investment company Wendel no later than January 2023. The supervisory board, chaired by Thierry Cahn, wants to avoid reigniting the war between the Caisse savings and popular banks.

The name of the new boss should be announced between mid-October and mid-November.

Two favorites

There are therefore only four candidates left.

Two would be favorites: Nicolas Namias (46), at the head…

This article is for subscribers only.

You have 42% 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 2022-10-06

You may like

News/Politics 2024-03-14T05:05:24.834Z

Trends 24h

Latest

© Communities 2019 - Privacy

The information on this site is from external sources that are not under our control.
The inclusion of any links does not necessarily imply a recommendation or endorse the views expressed within them.