Open

Coming up

Don't miss

Replay


LATEST SHOWS

MEDIAWATCH

'Macron-economy' pun already worn out

Read more

DEBATE

What Next for Gaza? Lasting Ceasefire Agreed After 50 Days of War (part 2)

Read more

DEBATE

What Next for Gaza? Lasting Ceasefire Agreed After 50 Days of War

Read more

FOCUS

Video: Milan is starting point for Syrian refugees’ European odyssey

Read more

MIDDLE EAST MATTERS

Terrorist ransoms: Should governments pay up for hostages?

Read more

ENCORE!

Kristen Stewart and Juliette Binoche star in 'Clouds of Sils Maria'

Read more

WEB NEWS

India: journalist launches "Rice Bucket Challenge"

Read more

WEB NEWS

Russian aid convoy: Mission accomplished?

Read more

WEB NEWS

Actor Orlando Jones lauches 'Bullet Bucket Challenge'

Read more

  • Mother of American journalist asks IS leader for his release

    Read more

  • UN probe accuses Syrian regime, Islamists of ‘crimes against humanity’

    Read more

  • French unemployment rises 0.8% in July to record high

    Read more

  • France’s Hollande puts young ex-banker in top economy post

    Read more

  • Video: Iraq’s Yazidis flee to spiritual capital of Lalish

    Read more

  • Video: Milan is starting point for Syrian refugees’ European odyssey

    Read more

  • Airstrikes and Assad - Obama’s military conundrum in Syria

    Read more

  • IMF’s Lagarde investigated in French corruption case

    Read more

  • American journalist held captive in Syria arrives in US

    Read more

  • In pictures: The ministers in France's new government

    Read more

  • 'Lasting' ceasefire agreed for Gaza, Abbas says

    Read more

  • Far-right ‘Russian Jihad’ fighters cross into Ukraine

    Read more

  • Rebels 'shoot down' UN helicopter in South Sudan

    Read more

  • Air France pilots threaten September strike

    Read more

  • WHO seeks stricter regulation for e-cigarettes

    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)