Luc Raymond will be appointed head of the EDF

Luc Raymond might be appointed head of the EDF

BFM Enterprise Data. Schneider Electrical’s chief will change into the overall supervisor of the general public firm. He might be in a duet with the chief.

It’s now accomplished. Luc Raymond will take over as EDF President. Schneider Electrical’s chief is the candidate to be chosen by the federal government and the president to guide an electrician. In response to a number of sources acquainted with the matter, “there is no such thing as a longer any suspense, there’s solely him within the race.” He was attributable to be obtained on the finish of the week on the Elysee. Formalization of his appointment is imminent.

Different candidates had been warned to not be chosen. These embrace Marianne Linio, president of Enedis, and Philippe Knucci, president of Orano.

Common Supervisor and President

In response to our info, it has additionally been recorded that Luc Raymond might be accompanied by the President to type a two-headed authorities. Or fairly a president as a result of the federal government desires parity.

Two ladies participated within the race: Lawrence Pariso and Marianne Laineau. The previous president of Medef was additionally a director of EDF for six years, between 2015 and 2021. However she would privately verify that she wouldn’t be chosen. Marianne Linio might all of a sudden be chosen for a non-executive presidency.

Along with the male-female parity that might be revered, this duo may also enable for a stability between an exterior chief, Luc Raymond, and an inside chief, Marianne Linio. Enedis is an EDF-owned electrical energy distributor.

Luc Raymond’s candidacy got here late within the seek for Jean-Bernard Levy’s successor. His title was talked about on the finish of August, as revealed by BFM Enterprise.

EDF Privatization and Renationalization Coming Quickly

Luc Raymond’s profession ticks the packing containers for the three fundamental sectors of the financial system: public, monetary, and business. He was Deputy Director within the Council of Finance Ministers from 2002 to 2007. He dealt notably with the privatization of the EDF and intersects with the Director of the Prime Minister’s Workplace, Dominique de Villepin: the present Minister of Financial system, Bruno Le Maire. He’ll due to this fact have to shut the loop as a result of he’ll now be answerable for the re-nationalization of the EDF.

He then served as President of Financial institution of America Merrill Lynch in France, succeeding Marc Bandrud, after the 2008 monetary disaster and the Financial institution of America takeover of Merrill Lynch. In 2014, he joined Schneider Electrical, the place he now manages worldwide operations alongside CEO Jean-Pascal Tricoire.

A small wink in his profession, he labored within the early 2000s for a state engagement company. Observe public transport firms within the “APE” – comparable to SNCF and RATP, with Alexis Koehler, who’s now Secretary-Common of Emmanuel Macron’s Elysee Palace since 2017.

Matthew Beechperti BFM Enterprise Journalist

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