The orange chief resigns after receiving a suspended prison sentence - Remonews.com
Orange CEO Stéphane Richard will leave the group by the end of January at the latest, after being sentenced to one year in prison with suspended sentence in a fraud case in France unrelated to the company.
The long-running legal saga, linked to the late businessman Bernard Tapie and Richard’s time spent in a government job, had long been suspended from the executive’s mandate in Orange, although he had been acquitted of any wrongdoing in a previous ruling.
Richard is credited with stabilizing Orange during the first part of his tenure, when the company was recovering from a crisis triggered by a wave of staff suicides.
“It has returned a sense of calm to working relationships, which has been a real success,” said Sébastien Crozier, a CFE-CGC union representative who sits on the Orange board of directors, before executives met on Wednesday.
Read more on Remonews.com - 25/11/2021