Elior: an appointment that gets stuck











Photo credit © Elior


(Boursier.com) — Against the tide, Elior stumbles 4% to 2.1 euros after announcing the appointment of Bernard Gault as CEO. The latter had been acting director general since the surprise resignation, at the beginning of March, of Philippe Guillemot. With this decision, the company chooses to combine the functions of Chairman of the Board of Directors and Chief Executive Officer. An evolution hardly to the taste of the market.

Bernstein highlights the group’s inability to find an external candidate: “Bernard Gault said in the latest results that he did not want to keep the job permanently, but like Sodexo, it was not easy to find external candidates, especially with a large shareholder… In addition, the mention by the group of a phase of examination of the strategic options, suggests other departures”.

Derichebourg announced last May a surprise increase in the capital of Elior and now holds 19.6% of the round table of the specialist in collective catering.


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