Don't miss

Replay


LATEST SHOWS

ENCORE!

The highs and lows of Cannes for the critics

Read more

EYE ON AFRICA

Remembering our friend and colleague Jean Karim Fall

Read more

MEDIAWATCH

Bad diplomacy, brawls & bromance

Read more

ENCORE!

Cannes 2017: Pitch Perfect's Brittany Snow becomes an urban warrior

Read more

THE WORLD THIS WEEK

US President wraps up world tour in Italy (Part 1)

Read more

THE WORLD THIS WEEK

US President wraps up world tour in Italy (Part 2)

Read more

FOCUS

The battle against illegal fishing in West Africa

Read more

DOWN TO EARTH

Trump has already quit the Paris climate deal - just not publicly

Read more

#TECH 24

The Ice Memory Project: A treasure trove for future scientists

Read more

France

Embattled France Telecom CEO steps down

Text by News Wires

Latest update : 2010-02-02

Stephane Richard (pictured), France Telecom’s number two, will replace CEO Didier Lombard on March 1. Lombard has been under mounting pressure for mishandling a rash of suicides that plagued the French giant last year.

AFP - France Telecom chief executive Didier Lombard will hand over the reins of the former state monopoly to his deputy, Stephane Richard, on March 1, the company announced on Monday.

Lombard will keep his position as chairman of the board until early 2011 but will stand down as CEO one year earlier than scheduled, France Telecom said in a statement.

"Didier Lombard, France Telecom chief executive, has decided to propose to the company's board meeting on February 24 to separate the jobs of chairman and chief executive from March 1, 2010," the statement said.

"Stephane Richard, current deputy chief executive, will become chief executive in charge of the group's operations," it said.

Lombard had come under criticism for his handling of a crisis that hit staff morale and led to a rash of suicides last year.

Richard, formerly a top aide to Finance Minister Christine Lagarde, was named deputy chief executive in October after joining France Telecom as chief of international operations last year.

Europe's biggest Internet provider and its third mobile operator, trading internationally as Orange, France Telecom has undergone major restructuring to confront growing competition.

Although the suicide rate at France Telecom is lower than the French average, many of the employees have left notes blaming management decisions or stress at work.

France Telecom's deputy chief executive Louis-Pierre Wenes, architect of the modernisation drive, was replaced by Richard last year.

 

Date created : 2010-02-01

  • FRANCE

    France Telecom issues stress survey after rash of suicides

    Read more

  • FRANCE

    A 25th suicide at France Telecom

    Read more

  • FRANCE

    Labour minister urges companies to prevent staff stress

    Read more

COMMENT(S)