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4-Traders Homepage  >  Equities  >  Euronext Paris  >  Areva    AREVA   FR0011027143

AREVA (AREVA)

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Former Areva Chief Says No Plans For Job In Government, EDF

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04/16/2012 | 07:07pm CET

The former chief of France's nuclear engineering company Areva SA (>> AREVA), Anne Lauvergeon, said Monday that she had no plans to join the future French government or to take the helm of French utility company Electricite de France (>> EDF).

Speaking on French radio, Lauvergeon said that she was "not looking for any position" in the French government after the country's imminent presidential elections.

Lauvergeon also said that the position of CEO at state-controlled EDF wasn't something that she currently projected.

Asked whether, as a friend of Socialist Party candidate Francois Hollande, Lauvergeon would consider joining the future government, the former Areva CEO replied: "If I wanted to do politics, then I would have presented myself in front of electors. It's not at all my aim."

Hollande currently leads incumbent President Nicolas Sarkozy in polls for the second round of voting.

Lauvergeon was replaced by Luc Oursel as CEO of Areva in June after the French government failed to renew her mandate.

During her tenure at the group, Lauvergeon sought to turn Areva into a global nuclear heavyweight, offering services ranging from uranium mining to nuclear-reactor construction. She loaded the company with debt to fund preparation for a nuclear-power renaissance. However, demand never quite took off, and the industry is coping with new reservations about nuclear power in the aftermath of the March 2011 accident in Japan.

-By Nadya Masidlover, Dow Jones Newswires; +33 1 4017 1740; nadya.masidlover@dowjones.com

(Max Colchester contributed to this article)

Stocks mentioned in the article : AREVA, EDF
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Financials (€)
Sales 2016 4 066 M
EBIT 2016 -234 M
Net income 2016 -997 M
Debt 2016 5 853 M
Yield 2016 -
P/E ratio 2016 -
P/E ratio 2017
EV / Sales 2016 1,88x
EV / Sales 2017 1,86x
Capitalization 1 778 M
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Average target price 5,50 €
Spread / Average Target 19%
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Bernard Fontana President & Chief Executive Officer
Philippe Varin Chairman
Anne-Marie Choho Senior Executive Vice President-Operations Support
Stéphane Lhopiteau Chief Financial Officer
Markus Birkhofer SEVP-Research, Development & Innovation
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