PARIS (Agefi-Dow Jones)–The Societe Generale banking group announced on Thursday that its future chief executive, Slawomir Krupa, had presented the management team it plans to put in place to the board of directors and indicated that that This would detail the group’s new strategic roadmap in the third quarter.
The new general management will be “tightened”, composed of the managing director and two deputy managing directors, Philippe Aymerich and Pierre Palmieri. This new general management, which will be in place from May 23, will be “responsible for proposing and implementing Societe Generale’s development strategy with efficiency and cohesion”, the group said in a press release.
The management will be supported by an executive committee composed of 13 members and created on May 24.
The new team will have “three priority strategic objectives” as part of its new roadmap, including “the efficient allocation and use of capital whose shareholders [lui] entrust the responsibility” and “the structural improvement of the group’s operating performance and profitability”.
The other objective is the “quality of execution of the long-term roadmap and, as of now, of all the strategic projects underway: creation of the new SG retail bank in France, development of Boursorama, planned acquisition of LeasePlan by ALD, joint venture project with AllianceBernstein and deployment of the ESG (environment, social and governance) strategy”, specified Societe Generale.
-Alice Doré, Agefi-Dow Jones; +33(0)141274790; [email protected] ed: VLV
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March 09, 2023 02:40 ET (07:40 GMT)
