Schneider Electric's Luc Remont to Be Proposed as EDF's New Boss

By Joshua Kirby

French President Emmanuel Macron will nominate Schneider Electric SA executive Luc Remont to take over as chief executive officer and chairman of utility Electricite de France SA, the Elysee Palace said in a statement Thursday, confirming earlier media reports.

The nomination, made at the recommendation of the prime minister, will be referred to the country's legislative bodies for consultation, according to the statement.

Mr. Remont, 53, is currently vice president, international operations, at French energy-management and automation company Schneider Electric. He will replace Jean-Bernard Levy, CEO and chairman since 2014, at the head of the energy giant, which is set to be nationalized and taken private by the French state. Media reports earlier this month had suggested Mr. Remont was in line to take the reins of the company.

Earlier this week, French economy minister Bruno Le Maire suggested that the functions of CEO and chairman could be separated following EDF's nationalization.

Write to Joshua Kirby at [e-mail]; @joshualeokirby

(END) Dow Jones Newswires

September 29, 2022 11:18 ET (15:18 GMT)

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