According to Orange, his nomination will be submitted to the AGM of shareholders due to take place on May 19, following which the board would meet to elect him as its non-executive chairman.
Aschenbroich is currently the chairman of the board of directors of Valeo. Prior to this he was the CEO of the Valeo Group from March 2009 to February 2016, then chairman and CEO until January 2022.
Orange’s board has also proposed the nomination as director of Valerie Beaulieu-James, chief sales and marketing officer and executive committee member of the Adecco Group. She will succeed Helle Kristoffersen who is leaving the board after 11 years.
The board also resolved, following a proposal by Christel Heydemann who takes up her role as CEO of Orange on April 4, to renew the mandate of Ramon Fernandez as delegate CEO, his current mandate ending on April 4 in the context of the separation of roles.
Commenting on these developments, Stéphane Richard, chairman and chief executive of Orange, said: “I wish every success to the tandem formed by Christel Heydemann and Jacques Aschenbroich which will be proposed to shareholders at the next AGM. Two experiences and two sources of energy serving the responsible development of this magnificent Group that I am happy to have served with passion these past twelve years”.
Christel Heydemann, board member and Orange’s future CEO, said: “I am delighted at the decision of the board to propose Jacques Aschenbroich as the chairman of Orange. I’m sure that his long experience on matters of governance will bring much of value to the group and I’m certain that his international experience and profound knowledge of industry will allow us to write a new chapter in Orange’s rich history together