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France Telecom says Richard to stay as CEO

June 17, 2013 at 11:46 am EDT

MarketScreener.com By The editorial team

France Telecom says Richard to stay as CEO

PARIS (Reuters) - France Telecom's executive board agreed on Monday to keep Stephane Richard as the company's chief executive despite his being put under investigation for fraud allegedly committed during his time as a top government aide.

The board of France Telecom, which has rebranded itself as Orange, said in a statement that it had decided to "renew its full confidence in Stephane Richard." Richard denies all wrongdoing.

(Reporting by Ingrid Melander; editing by Mark John)

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Stéphane Richard

Stéphane Richard (born 24 August 1961) is a French businessman and the Chief Executive and Chairman of the worldwide mobile phone network Orange.

Early life

Stéphane Richard was born in Caudéran in the Gironde department in Aquitaine (South-West France), on 24 August 1961.

He is the son of an engineer.

He studied at École des Hautes Études Commerciales (HEC Paris) and École nationale d'administration in Strasbourg.

Career

French government

From 2007 until 2009 he was Chief of Staff to the French Minister for the Economy, Industry, and Employment, now the Minister of the Economy, Finances and Industry.

Orange

He joined Orange in September 2009, becoming deputy Chief Executive.

He became Chief Executive of Orange S.A. on 1 March 2011.

Personal life

He was awarded the Legion of Honour (Ordre national de la Légion d'honneur) in 2006.

Source @ Wikipedia

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Orange Cameroon SA Orange Cameroon SA Wireless TelecommunicationsCommunications Orange Cameroun SA engages in the provision of telecommunications operator services. It offers applications and contents, Internet offers and services, voice and SMS bundles, transfert pays. The company was founded in 1999 and is headquartered in Douala, Cameroon.	Chief Executive Officer
Berry SAS	Chairman