Orange has selected Ramon Fernandez, the outgoing director general of the French treasury, as its new CFO at its AGM today.
Orange has also appointed Laurent Paillassot – formerly an executive at Credit Agricole retail subsidiary LCL – as deputy CEO…
Orange has selected Ramon Fernandez, the outgoing director general of the French treasury, as its new CFO at its AGM today.
Orange has also appointed Laurent Paillassot – formerly an executive at Credit Agricole retail subsidiary LCL – as deputy CEO as it looks to boost its mobile banking operations.
Fernandez replaces Gervais Pellissier, who had been CFO for eight years. Pellissier is moving to a new role overseeing Orange’s European operations, including its JV with Deutsche Telekom in the UK – EE. He takes the reins from Benoit Scheen whose future plans were not disclosed.
Fernandez and Paillassot will begin in their new roles on 1 September. Fernandez’s appointment was first mooted in April, however at the time it was said that he could not be appointed until the French finance ministry had identified a suitable replacement.
Bruno Bezard, previously director general of public finances, succeeds Fernandez, who was appointed by previous president Nicolas Sarkozy. Prior to his role at the treasury Fernandez has been an economic adviser to Sarkozy, before taking on a role in late 2008 as chief of staff for the French labour minister at the time, Xavier Bertrand.
Earlier this year Richard’s contract as board member was extended for another four years, paving the way for his re-election as CEO at the company’s AGM today.
His future at Orange was cast into doubt in June last year when it was revealed that he was under formal investigation for his alleged role in a fraud case at the French finance ministry. The state has a 27% stake in the operator.
