Claude Palmero, 66, administrator of the Crown property for more than twenty years. As such, manager of the prince's fortune, was asked to leave immediately his office.
Albert II thanked him in a statement for his "professionalism" He had been promised a smooth transition, over several months. It was done in one hour. Officially, he has retired. This was accepted by Albert, who thanked him for his “professionalism’. He had previously had that of Rainier III.