French telecoms group Orange to appoint Valeo's Aschenbroich as chairman - Le Monde
Reuters
Published Mar 25, 2022 07:17
PARIS (Reuters) - French telecoms company Orange has picked Jacques Aschenbroich, the chairman of Valeo (PA:VLOF), to become its next chairman, newspaper Le Monde reported in its Friday issue, citing a source close to the matter.
Orange declined to comment while Valeo did not immediately reply to a Reuters request for comment.
The nomination of Aschenbroich, 67, is due to be confirmed by a board vote on March 30 and will be submitted to shareholders during a general meeting scheduled on May 19, Le Monde added.
The move comes amid a wider governance revamp at Orange in which the French state holds a 13% stake. End January, the company named Christel Heydemann its new chief executive, making her the first woman to lead France's biggest telecoms operator.
Stephane Richard left Orange after a court convicted him of complicity of misuse of public funds.
Get The App
Written By: Reuters
Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.