by the board to pick Laurent Rousseau to replace Chief Executive Denis Kessler, who is standing down for personal reasons, and separate the CEO and chair roles a year earlier than planned.
If shareholders feel befuddled, spare a thought for poor Benoit Ribadeau-Dumas: the man only became deputy CEO in January as a prerequisite to replace Kessler in 2022. He now can’t, the board says, due to his lack of industry experience.
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