Open

Coming up

Don't miss

Replay


LATEST SHOWS

WEB NEWS

Brazil's presidential election seen from the web

Read more

WEB NEWS

Ivory Coast launches the "Soap Bucket Challenge"

Read more

#TECH 24

Anonymous Vs ISIS

Read more

AFRICA NEWS

Ebola virus: US to send 3,000 troops to West Africa

Read more

AFRICA NEWS

Nigeria attack: Bomb blast in college in Kano

Read more

AFRICA NEWS

Ebola: Lockdown brings Sierra Leone capital to a halt

Read more

MEDIAWATCH

Sarkozy's political comeback: did he ever leave?

Read more

DEBATE

The World This Week

Read more

FRANCE IN FOCUS

Travel chaos: Air France pilots take industrial action

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)