EDF succession: the executive postpones decision – Echoes

EDF succession: the executive postpones decision – Echoes

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The government has decided to give time to decide on the name of EDF’s future CEO. According to “JDD” Bercy is expected to announce tomorrow that it will defer the extraordinary general meeting held on November 14, around November 20. The board, which was previously called Monday night should be between 15 and 17 October. All in order to make a decision on EDF governance after the passage of the law on the energy transition, scheduled for 14 October.

The list of twelve directors endorsed by the Board include the name of the future EDF CEO Henri Proglio candidate to succeed him, or another. This list will then be submitted to a vote of EDF shareholders at the extraordinary general meeting. The names of six future directors representing employees are themselves already known: they were elected in May

The regulation provides for the publication, the Bulletin of mandatory legal notices (BALO. ), a “notice of meeting” no later than 35 days before the general meeting. The

meeting notice must state the agenda and the resolutions to be submitted to a vote of shareholders, each administrator name subject to a resolution. The government, which is slow to display his choice, however, could change after this list, within twenty days of publication of the notice of meeting or during the General Assembly itself. The state, which owns 84.5% of EDF shares could thus, in theory at least, to reconsider its initial decision until the day of the meeting. But it would be addicted to good governance.

In the race to succeed Henri Proglio, gave many starting in 2012 because of his political affiliation, remains for now favorite by default. First, because its balance sheet is solid. But also because the alternatives are slow to emerge. “If they had a pearl, they replace Proglio, but when you look at the French leaders who know the energy, the search field is narrow” judge an administrator. Names Thierry Breton (Atos), Jean-Pierre Clamadieu (Solvay), Guillaume Pepy (SNCF) were regularly cited.