“Slawomir Krupa will be on a mission to improve profitability”

by time news
Lorenzo Bini Smaghi, Chairman of the Board of Directors of Société Générale. Jean-Christophe MARMARA/Le Figaro

MAINTENANCE – The Chairman of the Board of Directors of Société Générale returns to the appointment of Slawomir Krupa as Chief Executive Officer, after Frédéric Oudéa.

LE FIGARO. – How was the process of appointing the general manager?

Lorenzo BINI SMAGHI. – After Frédéric Oudéa’s announcement that he would not stand for re-election, in May we launched the selection process for a new general manager. Everything was done in a very professional manner and in line with the expectations of Societe Generale shareholders. The Board of Directors, comprising independents and three employee representatives, was involved in the process.

Two years ago, we asked Frédéric Oudéa to prepare his succession and to propose two names of candidates internally. We have also opened the procedure to candidates outside the bank. In total, the appointments committee examined around ten internal and external applications, from France and abroad. On Friday, he proposed to the board of directors to appoint Slawomir Krupa as the future leader of Société Générale. The council followed this proposal. The decision was made at…

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