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PARIS, July 7 (Reuters) – The State and the CEO of EDF have taken the joint decision to immediately launch the succession process for Jean-Bernard Lvy at the head of the group, EDF announced in a press release on Thursday.
The new CEO of EDF, when he is appointed, will be able to take up his duties before the end of Jean-Bernard Lvy’s term of office, set no later than March 18, 2023, taking into account the age limit set by the company’s articles of association, specified in the electrician.
Jean-Bernard Lvy, who is 67, will continue to perform his duties until the appointment of his successor.
The Board of Directors also took note of the State’s decision, announced on Wednesday by Prime Minister Elisabeth Borne, to raise 100% of EDF’s capital and “will provide all its assistance to carry it out, according to the methods adopted by the State and in the interest of all stakeholders”.
Controlled 83.9% by the State, EDF, which Emmanuel Macron has assigned the objective of launching a new program to build nuclear reactors, is faced with significant financial needs to invest while the group is already heavily indebted. (Written by Jean-Stphane Brosse)