Societe Generale to Confirm CEO, Deputies for 4 Year
18 March 2019 - 11:42PM
Dow Jones News
By Pietro Lombardi
Societe Generale SA (GLE.FR) will confirm its CEO and his
deputies for four years, the French bank said Monday.
The mandate of Chief Executive Frederic Oudea is expected to be
renewed after a shareholders' vote in May on the proposal of the
board to extend Mr. Oudea's term as board member for four years. At
the close of the vote, the board will confirm Mr. Oudea for four
more years "so that he may fully implement the strategic plan
announced in 2017," France's third-largest listed bank by assets
said.
Deputy Chief Executive Officers Severin Cabannes, Philippe
Aymerich, Philippe Heim and Diony Lebot will also be confirmed for
four years.
Shareholders will also be asked to vote on the confirmation of
two other board members.
The bank's shareholders meeting is scheduled for May 21.
Write to Pietro Lombardi at pietro.lombardi@dowjones.com
(END) Dow Jones Newswires
March 18, 2019 08:27 ET (12:27 GMT)
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