Some 336.000 employees of Veolia Environnement hold their breath and try to digest the fact that the man who saved the disaster nine years ago is about to release orders. In 2000, against the will of Jean-Marie Messier, then Chairman of Vivendi to sell its subsidiary of water to replenish, Henri Proglio, supported by large local elected representatives, had at the helm and convinced the markets. Vivendi environment, on the stock exchange had been turned into Veolia Environment, retaining its three trades and its huge debt. If the EDF Board endorses the appointment of Henri Proglio, prelude to his appointment at the head of the electrician, will open then officially the race Chairman of Veolia Environnement.
"In practice, the games are practically made, ensures a close to the record. This is Antoine Frérot which should take the lead in the group. "Faithful lieutenant of Henri Proglio, Antoine Frérot was responsible for seven of the transport prior to taking control of the heart of the home, the distribution of water. Little biographies, but fine connoisseur of local communities, the human world can boast of having driven the development of subsidiary international and transportation in the railway which today are keys to its success. He also pushed the investment strategy in forced March in the field of research, whether for the desalination of sea water or wastewater reuse. His appointment would reassure employees and keep the link with elected officials so that the largest contract of society, the Union of the waters of Ile-de-France, is being renewed.
The change of pattern should be accompanied by a change in governance. In this scheme, Henri Proglio, current CEO, would become Chairman of the Supervisory Board, and Antoine Frérot would chair the Executive Board. "A way to organize a smooth transition", argues a good connoisseur of the group.
Another solution proposed
Can this scenario be accepted by the Elysee and the business world Simple step. Be both President of EDF and President of the Supervisory Board of Veolia Environment represents a considerable workload. And small shareholders may find that the weight of the State in Veolia would be considerable, knowing that the Caisse des Dépôts et Consignations has already 10. Being at the same time first shareholder and Chairman of the Supervisory Board may also be certainly some in terms of governance. Hence another solution proposed, in which Henri Proglio would chair the strategic Committee in the Council.
"Some administrators are very excited." "Henri Proglio constituted a Council to hand over the years, but it goes a bit far," says an expert. Other names have been mentioned to replace. The Council Jean-Marc Espalioux, former Financial Director of General water of time of Guy Dejouany, grows its own pawns. But the financial situation of the undertaking led some to think that it would be better put to his head a specialist. With a turnover of EUR 36 billion and a net profit of 405 million, the company has kept more than 16 billion debt. The name of Patricia Barbizet has thus advanced, but the Chairperson of the Supervisory Board of PPR, Director of the strategic Fund of investment, has not been officially contacted. One thing is certain, hypothesis Jean-Louis Borloo at the head of Veolia has been greeted with a big laugh in his Ministry.
The first based at Montdidier in the sum is already operationalIn fact a large part of the explanation is elsewhere800 dollars against 700 at the height of the crisisThe sign is planning to open 25 stores in 2010Tense economic differences and rivalries are aggravatedIt's official the IntercontinentalExchange ICE is expandingThe two rates of PPRAll roads lead to RomeAlso they will have to seek new sources of capitalThe Secretary General of the CGT is a stubbornIt is necessary to return to the operation of the law of the market
