PARIS (Reuters) – EDF and the French state will kick off the process to find a new boss a day after the French government announced its plan to fully re-nationalise the company, the French power company said on Thursday.
“EDF’s board of directors has today taken note of the joint decision of the state and current Chairman and Chief Executive Jean-Bernard Levy (whose term officially ends in 2023), to launch the succession process,”, EDF said in a statement.
On Wednesday, France’s prime minister announced plans to fully nationalise EDF in a move that would give the government more control over a restructuring of the debt-laden group while contending with a European energy crisis.
(Reporting by Tassilo Hummel, edite by Benoit Van Overstraeten)
