Veolia Replaces EDF CEO Proglio on Board 2 Months After Lawsuit
Veolia Environnement SA (VIE) will replace Electricite de France SA Chief Executive Officer Henri Proglio on its board of directors with Marion Guillou less than two months after the companies became embroiled in a lawsuit.
The appointment of Guillou, French National Institute for Agricultural Research president from 2004 to 2012 and chairman of engineering school Ecole Polytechnique, will be submitted for approval to shareholders in May, Veolia said in a statement.
Proglio, after spending most of his career at Veolia, quit as a director of the biggest water utility in October following his decision in 2009 to leave as CEO and take the post at EDF. The power operator, with 4 percent of Veolia, is suing the water company over ownership of their Dalkia energy-services unit.
Before taking the helm at EDF, Proglio told members of the French Senate the utility and Veolia would work together beyond Dalkia and may develop synergies in energy and foreign markets.
He stayed as Veolia chairman to December 2010, which was criticized by lawmakers as a conflict of interest. The naming of Guillou to the board by CEO Antoine Frerot follows the chief’s success in a struggle over plans to cut debt and sell assets.
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