The Orange group’s board of directors said it reaffirms its full confidence in its CEO Stéphane Richard.
After a meeting on Monday, June 17, Richard presented his situation concerning the CDR-Tapie case on the potential consequences of this situation regarding the governance of the group.
The Board has decided to reassert its “full confidence in Stéphane Richard and his ability to effectively meet the numerous challenges facing Orange with the same energy as ever in the best interests of the company, its employees, its customers and its shareholders.”
In particular, the Board considers “that the legal measures affecting Stéphane Richard do not impede his ability to fully and effectively lead Orange as its Chairman and Chief Executive Officer. The Board will continue to ensure this remains the case in the future and has appointed Bernard Dufau, independent board member, to follow the situation.”
Last week, Richard was taken into custody for questioning in the Tapie case.