Borloo could take the head of Veolia - February 20, 2012
New episode in the folder Veolia Environnement. Its current CEO Antoine Frérot, is on trial. Borloo could indeed take control group of utilities and largest private employer in France. According to Les Echos, hostilities between the former boss of Veolia now head of EDF, and the runner Proglio Antoine Frérot, could be decided during the next meeting of the Board scheduled on February 29. Following this meeting promises to be choppy, several administrators of the group would seek a dismissal of the CEO. Conducted by a sling Proglio which intends to show that he still holds the strings of the group he led for many Annes before moving to EDF.
Besides that of former Minister of Ecology Jean-Louis Borloo, several names would be approached to head the former Generale des Eaux: Augustin de Romanet, CEO of the Caisse des Depots, "but whose entourage denied any contact, "according to Les Echos, Jacques Veyrat, the former head of Louis Dreyfus and Daniel Bouton, former CEO of Societe Generale one hour payday loan.
The plummeting stock market as Veolia, which has lost nearly 60% of its value in one year, and the two profit warnings passed successively by the group that should show a loss of 200 million for fiscal 2011 the feed sling administrators.
And according to Liberation, Proglio have discussed the ouster of Mr. Frérot with Nicolas Sarkozy on February 12 when the two men met to discuss the rescue by EDF of Photowatt.
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