Orange Said to Weigh Hiring France’s Treasury Chief as CFO

Orange SA (ORA), France’s largest phone company, is weighing hiring the country’s Treasury Chief Ramon Fernandez to head its finances, according to a person familiar with the matter.

The carrier, based in Paris, and Fernandez have yet to reach an agreement and no final decision has been made about replacing Orange’s Gervais Pellissier in the chief financial officer position, the person said, asking not to be named discussing private talks.

Pellissier, Orange’s finance chief since 2009 and formerly the head of its Spain operations, will probably stay at the company in another role, the person said. Pellissier, 54, in 2011 was also named deputy to Chief Executive Officer Stephane Richard.

Representatives for Orange and France’s ministry of economy and finance declined to comment.

Richard last month was offered another four-year term in the top job by Orange’s board, as the carrier navigates price wars and its French competitors consolidate. The French state, which owns 27 percent of the former phone monopoly, has asked Orange to seek European alliances to help consolidation among telecommunications companies beyond France.

Fernandez, 46, has held positions at the International Monetary Fund as well as France’s finance ministry, and has been treasury chief since 2009.

Fernandez is likely to be appointed to the Orange job in coming weeks, the Wall Street Journal reported yesterday.

To contact the reporters on this story: Marie Mawad in Paris at mmawad1@bloomberg.net; Mark Deen in Paris at markdeen@bloomberg.net

To contact the editors responsible for this story: Kenneth Wong at kwong11@bloomberg.net Mark Beech, Robert Valpuesta

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