BNP Paribas Baudouin Prot’s departure is accurate – Le Figaro

BNP Paribas Baudouin Prot's departure is accurate – Le Figaro

The Board of Directors of the Bank will meet Friday to enact the choice of his successor. The bank wants to quickly resolve the issue of the departure of its president, so as not to risk being imposed by a government officer.

from Baudouin Prot of BNP Paribas presidency will officially recorded this weekend. The ad hoc committee of the Board of Directors, formed this summer to work on the estate of banker, met last Tuesday. He took note of the decision of Baudoin Prot to leave the group he chaired for three years and he was at the helm from 2003 to 2011 as CEO. On Friday, the Board of Directors of the Bank will be held in turn to enact the choice of his successor. According to several sources, Jean Lemierre holds the rope. This officer who led the Treasury France and the European Bank for Reconstruction and Development (EBRD), has joined BNP Paribas in 2008 as an adviser to the General Staff. It was he who was mainly responsible, with the Director General, Jean-Laurent Bonnafé, negotiations with the American administration, which resulted in July by a fine of $ 8.9 billion for violating embargoes Sudan, Iran and Cuba.

To replace Baudoin Prot, the bank also considered external candidates, including that of Christian Noyer, Governor of the Bank of France. The hypothesis of a meeting of the roles of chairman and CEO in the hands of Jean Bonnafé was raised again. All these tracks are now open.

The bank wants to quickly resolve the issue of the departure of its president, so as not to risk being imposed by a government officer. Baudouin Prot remain in office until the end of the year. His departure is not a surprise. After eight years of bank management, marked by the Alstom case, the acquisition of BNL in Italy and Fortis in Belgium, and especially the terrible financial crisis of 2008-2011, the banker was exhausted, according to several witnesses, when he passed the reins of management, in 2011 The case of American embargoes, whose roots go back to the days of his leadership, would have precipitated his decision to take the field. Asked BNP Paribas declined to comment.