Orange chairman and CEO Stéphane Richard has indicated that he will be a candidate for a renewal of his mandate, which ends in May 2022.
Speaking to Journal du Dimanche (JDD), he added that he is also in favour of separating the role of chairman of the board of directors and MD and keeping only the former.
This change is apparently favoured by the State, which is Orange’s largest shareholder with 23% of the capital and 29% of the voting rights.
Significantly, the renewal of Richard’s mandate will depend on the decision of the Paris Court of Appeal on October 6 in the long-running Bernard Tapie case.
In it, according to Les Echos, he has been accused of complicity in fraud and complicity in embezzlement of public funds.
Richard has been chairman and CEO of Orange since March 2011.
