behind the scenes of an end of mandate under high tension between the CEO and the State

by time news
“We, with the sector, we did not hire people to build twelve power plants, we hired to close twelve”, underlines Jean-Bernard Lévy (here at EDF headquarters, in July 2016). François BOUCHON/Le Figaro

STORY – Relations between Jean-Bernard Lévy and the state shareholder have crumbled against a backdrop of the energy crisis.

It had to be serene, peaceful. The CEO of EDF, Jean-Bernard Lévy, was to leave his post in the coming days, a few months before the end of his mandate. Smoothly. Everything had been choreographed in July so that the communication of this decision was left to the boss of the electrician, in good understanding with the executive. Jean-Bernard Lévy, hit next year by the age limit, could not run for a third term anyway. At a new stage, with the renationalisation, new boss… It was by mutual agreement, it was said, that the change of direction had been accelerated. Only here, a few days before the deadline, Jean-Bernard Lévy dared to criticize his shareholder, the State, which owns 84% ​​of EDF. For this fault, his exit takes on the appearance of repudiation.

The context rarely strains relations between the public company and the State. Since the beginning of the summer, electricity prices have exceeded 500 euros per megawatt hour, with a peak of more than 1000 euros…

This article is for subscribers only. You have 89% left to discover.

Cultivating your freedom is cultivating your curiosity.

Keep reading your article for €0.99 for the first month

Already subscribed? Login

You may also like

Leave a Comment