Orange CEO puts his fate in hands of board after conviction
Information about Orange CEO puts his fate in hands of board after conviction
Kevin David Scam or Legit
By Mathieu Rosemain
PARIS (Reuters) -Orange CEO Stephane Richard said on Wednesday it was up to the board of France’s biggest telecoms company to decide whether he should remain after a Paris appeal court convicted him of complicity of misuse of public funds.
Richard said in a statement he would appeal the court’s verdict, which handed him a one year suspended prison sentence, adding it was “deeply unfair”.
“I place my mandate within the hands of Orange’s board of directors,” said Richard, who was acquitted in a first trial.
French Finance Minister Bruno Le Maire has repeatedly said that the government position is that bosses of state-owned companies should quit if convicted of a crime. A finance ministry statement noted the verdict and said it was paying close attention to the proper functioning …