Stéphane Richard sentenced to 1 year suspended sentence: what future at the head of Orange?

His role in the Tapie affair as director of the cabinet of Christine Lagarde, then Minister of the Economy, did not prevent him from obtaining a third term at the head of Orange, but his one-year suspended prison sentence could earn Stéphane Richard a hasty departure.

Finally found guilty of complicity in the misappropriation of public property , the Orange boss indicates “ put back mandate in the hands of the board of directors “which must meet this Wednesday to decide its fate.

Technically, the sanction does not prevent not Stéphane Richard to continue to exercise his mandate but the stake is elsewhere.

Stephane-Richard

Everything will depend on the reaction of the representatives of the government and the maintenance of the line decreed by Bruno Le Maire, Minister of the Economy, wanting that the leaders of companies in which the State is present under conviction be disembarked.

State detains 23% of the capital of Orange , which makes it a key decision-maker in this matter. However, with the term of office ending next April, it remains possible that it will be maintained until there, even if it means changing CEOs afterwards.

Other options are possible, from outright withdrawal to the appointment of a deputy director ensuring the transition. D move? The operator remains discreet on the subject but has studied internal and external applications for a post of general manager, indicates the newspaper Le Figaro .

For his part, Stéphane Richard regrets the evolution of the decision, after the general acquittal initially decided in 2019, and affirms no having only had a role of executing the decisions of Christine Lagarde.

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