Luc Rémont should lead EDF well











Photo credit © Reuters


(Boursier.com) — Luc Rémont should be the next boss ofEDF. Confirming the latest rumors, ‘BFM Business’ indicates that the number two of Schneider Electric will become general manager of the public company. According to several sources familiar with the matter cited by the news site, “there is no more suspense, there is only him in the race”.

Bercy announced in July its intention to launch a takeover bid at 12 euros per share on the approximately 16% of EDF’s capital that it does not yet hold and to replace its CEO, Jean-Bernard Lévy, while the group is facing to a historically low availability of its nuclear fleet which aggravates the energy crisis in Europe. While 30 of the 56 reactors in the French nuclear fleet are currently shut down for maintenance operations or corrosion problems, some analysts believe that the forecasts for restarting the reactors by winter may prove to be too optimistic and that France could be forced to ration electricity to meet its own needs.

According to ‘BFM Business’, “it is also recorded that Luc Rémont will be accompanied by a president to form a two-headed governance”. Laurence Parisot and Marianne Laigneau would be favorites to fill the position.


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