Daniel Baal unanimously elected president of the Crdit Mutuel group

The general director of the Crédit Mutuel Federal Alliance, Daniel Baal, was unanimously elected president of the Crédit Mutuel group on Thursday and will succeed Nicolas Théry, the bank said.

The general assembly of the Confédération Nationale du Crédit Mutuel, made up of the presidents of all the Crédit Mutuel federations representing the 8.9 million members, unanimously elected Daniel Baal, president of the Central East Europe federation, as President , wrote the bank in a press release.

This election – unsurprisingly – was carried out in three stages, over the course of the day: Mr. Baal was elected on Thursday morning at the head of the Crédit Mutuel Center Est Europe Federation then that of the Federal Alliance (which brings together 14 of the group’s 18 federations, as well as several subsidiaries including the CIC) and finally won the election of the Confederation, the head body of the bank, on Thursday evening.

The board of directors of the Central East Europe Federation has appointed Maurice Zirnhelt as general director of this Federation, according to the group.

To support Daniel Baal in his responsibilities as President of Crdit Mutuel Alliance Fdrale, Eric Petitgand was appointed as Managing Director – current Deputy Managing Director -, and Anne Sophie Van Hoove, Deputy Managing Director – current Managing Director of CIC Nord Ouest, adds a press release.

The only question hanging over this vote was whether the new president would be elected unanimously.

The fact that all the regional funds voted for Mr. Baal indicates a new stage of peace found between the Federal Alliance and the enemy brothers of Arka (federations of Brittany and the South-West), as well as the support full and complete of the two independent federations (Maine-Anjou, Basse-Normandie and Ocan).

Aged 66, Mr. Baal has spent his entire career in the bank, from his first modest position as editor in the credit department in 1979, alongside his responsibilities in the world of cycling, to holding the head of the French Cycling Federation (FFC) from 1993 to 2001.

Mr. Thry, 58, was re-elected in May 2022 for a three-year term, until 2025, but announced his unexpected departure in February. He will now devote himself, according to a press release, to the challenges of the ecological, climatic and solidarity revolution, as advisor to the new president and to the Crdit Mutuel pour la lecture foundation.

Former advisor to Dominique Strauss-Kahn and Laurent Fabius at the Minister of the Economy, this left-wing narcissist moved to the CFDT with Nicole Notat, then to the European Commission, notably as chief of staff to Pascal Lamy, then European Commissioner for Trade.

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