Areva’s Lauvergeon Denied New Term as Sarkozy Calls Switch
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Areva SA Chief Executive Officer Anne Lauvergeon was denied a third term after the French government replaced her weeks before her contract expires, denting the career of one France’s most high-profile executives.
Lauvergeon, 51, will be succeeded at the world’s largest maker of nuclear plants by Luc Oursel, Areva’s head of marketing and projects, President Nicolas Sarkozy’s government said late yesterday. Lauvergeon this week repeated her desire to extend her tenure to a third term.