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French telecoms group Orange to appoint Valeo's Aschenbroich as chairman - Le Monde

March 25, 2022 at 03:17 am EDT

PARIS (Reuters) - French telecoms company Orange has picked Jacques Aschenbroich, the chairman of Valeo, to become its next chairman, newspaper Le Monde reported in its Friday issue, citing a source close to the matter.

Orange declined to comment while Valeo did not immediately reply to a Reuters request for comment.

The nomination of Aschenbroich, 67, is due to be confirmed by a board vote on March 30 and will be submitted to shareholders during a general meeting scheduled on May 19, Le Monde added.

The move comes amid a wider governance revamp at Orange in which the French state holds a 13% stake. End January, the company named Christel Heydemann its new chief executive, making her the first woman to lead France's biggest telecoms operator.

Stephane Richard left Orange after a court convicted him of complicity of misuse of public funds.

(Reporting by Matthieu Protard, Benoit Van Overstraeten; Editing by Tassilo Hummel)

Stocks mentioned in the article

	Add to a list Add to a list 0 selected To use this feature you must be a member Log in Sign up	Price	Change	5d. change	Capi.
	SCHNEIDER ELECTRIC SE	232.8 EUR	-0.53%	+7.61%	141B
	VALEO	12.32 EUR	-0.32%	+1.40%	3.25B

Jacques Aschenbroich

Jacques Aschenbroich is a French businessperson who has been the head of 18 different companies. He holds the position of Chairman & Chief Executive Officer at Valeo SA and Chairman & Chief Executive Officer of Valeo Systèmes de Controle Moteur, Chairman at Valeo Thermique Habitacle and Chairman at Valeo Japan Co., Ltd. (which are all subsidiaries of Valeo SA) and Chairman at Valeo Management Services UK Ltd. Mr. Aschenbroich is also on the board of Veolia Environnement SA and BNP Paribas SA and Chairman for École Nationale Supérieure des Mines de Paris. He previously occupied the position of Chairman & Chief Executive Officer at SEPR, Deputy Chief Executive Officer at Compagnie de Saint-Gobain SA Chairman for Grindwell Norton Ltd. Chairman at Saint-Gobain Abrasives, Inc. Chairman of Saint-Gobain Glass France SAS, Chairman of Saint-Gobain Ceramics & Plastics, Inc. Chairman & Chief Executive Officer of Saint-Gobain Advanced Ceramics Corp. and President & Chief Executive Officer for Saint-Gobain Corp. (which are all subsidiaries of Compagnie de Saint-Gobain SA), Chairman for Valeo SpA, Chairman for Valeo Service SAS, Chairman of Valeo Finance SAS, Chairman for Valeo (U.K.) Ltd., Manager of Valeo Management Services and Chairman of Saint-Gobain Corp. Foundation, Inc. Mr. Aschenbroich received an undergraduate degree from École Nationale Supérieure des Mines de Paris.

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