“Big Business” N°99: Rififi on the rails

Dear subscribers,

It is an extremely rare event that shook the SNCF group on Wednesday: Luc Lallemand, the boss of the infrastructure manager company, SNCF Réseau (ex-RFF), was landed by the State.

Oh, of course, no minister will use the harsh words I just wrote.

Moreover, the government, through the voice of the Minister of the Economy Bruno Le Maire and that of Transport Clément Beaune,

of Luc Lallemand, whose replacement by Matthieu Chabanel is put on the account of the

.

What happened for the executive to make such a decision?

I have already had - often!

- the opportunity to speak here of the practices of the State shareholder, and it is clear that its natural inclination is not in principle to change a company director during his term of office but rather to wait for the expiry of this one, even when the relations are degraded.

Part of the explanation is to be found on the side...

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