Tech

Orange will replace CEO Richard by January 31st

File Photo: The logo of the French telecommunications group Orange was taken on October 29, 2019 at a retail store in Bordeaux, France. REUTERS / Regis Duvignau

November 24, 2021

Paris (Reuters) – France’s largest carrier Orange will appoint a new chief executive officer by January 31 at the latest, the company said in a statement Wednesday, confirming previous reports by Reuters.

Orange’s board said it has accepted the resignation of Stéphane Richard as both chairman and chief executive officer of the group.

The previous monopoly stated that Orange would implement a “new rule” by January 31st. It was not clear if this meant that the roles of chairman and CEO would be separated.

Richard’s resignation comes after the Court of Appeals in Paris convicted him early on Wednesday for accomplices in the misuse of public funds.

(Report by Mathieu Rosemain, edited by Tassilo Hummel, Chris Reese, Toby Chopra)



Orange will replace CEO Richard by January 31st

Source link Orange will replace CEO Richard by January 31st

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