Shareholder employees oppose a draft statutes project that will allow the future president of the operator to stay in office after his 70 years.
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In the heart of the process of appointing the future president of Orange, called to replace Stéphane Richard after the general meeting of shareholders of May 19, the age of the age of the future captain creates eds internally. Shareholder employees, who hold a little more than 7% of the capital and 11% of the voting rights of the telecom operator via the Orange Equity Corporate Enterprise Investment Fund, oppose a project to change the status of the group , learned Le Monde. The three trade union organizations represented in the CIPF Supervisory Board, namely the CGT, the CFDT and CFE-CGC spoke unanimously against this project.
If it was adopted on 19 May, the proposed resolution would allow the President of Orange to be able to remain in place beyond his 70 years, while the current rule provides for an automatic mandate end of that age limit. reached. Cited among candidates for the position of President of Orange, Jacques Aschenbroich, the current President of Valeo, who will celebrate his 68 years on June 3, could only remain two years at the head of the operator with the current rules. After the status change, it could make all four years’ mandate.
Orange shareholder employees find “very surprising” this draft statutes when, at the same time, management has launched a volunteer departure plan called “Senior part-time” for 6,000 to 10,000 employees. of the group and open to people over 57 years old. “How could the staff accept that arrangement is presided over by a septuagenarian while the stakes require younger leaders?”, Are surprised by shareholder employees in a statement released on March 14th. Moreover, this president over the age of 70 could only do one mandate which would force Orange to have to appoint a new captain in four years.
Test with great shareholders
“Not knowing the company, how a president from outside, can only exercise one mandate, would it be able to animate a board of directors whose vocation is to define the great lines of strategic directions that Orange needs? “, Continue shareholder employees. According to them, the future Director General, Christel Heydemann, who will take office on April 4, does not need a “president who is the age of his father, but of an actor capable of bringing him the indispensable support. To allow him to drive the business to return to growth “.
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