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4-Traders Homepage  >  Equities  >  Euronext Paris  >  Société Générale    GLE   FR0000130809

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SOCIETE GENERALE : SocGen Holders To Vote On Splitting CEO-Chairman Role -Activist Fund

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04/16/2012 | 06:17pm CEST

Activist Fund PhiTrust said Monday Societe Generale SA's (GLE.FR) shareholders will vote on separating the positions of chairman and chief executive at the French bank at a general assembly next month.

PhiTrust, a minority shareholder in SocGen, was able to gather the support of 0.58% of the bank's capital to force the vote, said Denis Branche, general asset manager and partner at the fund. "This is something we have been trying to push for the past eight years," said Branche.

The motion should be presented at the bank's general assembly on May 22.

SocGen, France's second-largest bank by market capitalization, is the only French bank where the chairman also serves as chief executive. Frederic Oudea has held both positions since May 2009.

A spokeswoman for SocGen said that the bank was "attached" to the current management structure. "It will be discussed at the general assembly," she added.

-By Noemie Bisserbe, Dow Jones Newswires; +33 1 4017 1756; [email protected]

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Financials (€)
Sales 2017 24 216 M
EBIT 2017 6 651 M
Net income 2017 3 480 M
Debt 2017 -
Yield 2017 4,56%
P/E ratio 2017 11,35
P/E ratio 2018 9,43
Capi. / Sales 2017 1,63x
Capi. / Sales 2018 1,53x
Capitalization 39 388 M
Chart SOCIÉTÉ GÉNÉRALE
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Société Générale Technical Analysis Chart | GLE | FR0000130809 | 4-Traders
Technical analysis trends SOCIÉTÉ GÉNÉRALE
Short TermMid-TermLong Term
TrendsNeutralNeutralBullish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 23
Average target price 51,0 €
Spread / Average Target 4,6%
EPS Revisions
Managers
NameTitle
Frédéric Oudéa Chief Executive Officer & Director
Lorenzo Bini Smaghi Chairman
Philippe Heim Group Chief Financial Officer
Carlos Goncalves Head-Global Technology Services
Xavier Lofficial Head-Transformation & Information Systems
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