Money Societe Generale: management changes, new strategic step

11:40  04 august  2020
11:40  04 august  2020 Source:   programme-television.org

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General Management oversees the Company and acts as its representative for third parties. It exercises its authority in accordance with the Company’s purpose and subject to that which the law attributes expressly to the Shareholders’ Meetings and the Board of Directors.

Societe Generale has published its third Integrated Report. Societe Generale is one of the leading European financial services groups. Based on a diversified and integrated banking model, the Group combines financial strength and proven expertise in innovation with a strategy of sustainable growth

Société générale : remaniements à la direction, nouvelle étape stratégique © AM Societe Generale: management changes, new strategic step Societe Generale sets up a new management team in view of the bank's new strategic step .

On the verge of entering a new strategic phase, Societe Generale is making changes at its head. The Board of Directors of the bank with the red and black logo, chaired by Lorenzo Bini Smaghi, approved the orientations presented by Frédéric Oudéa, Chief Executive Officer, on the evolution of the organization of the company's management. The objective is to constitute a renewed general management team with, in the long term, alongside the Chief Executive Officer, two positions of Deputy Chief Executive Officer instead of four with very experienced profiles, and the creation of new roles of Deputy Chief Executive Officer entrusted to a new generation of leaders with great potential. Following Séverin Cabannes' decision to assert his retirement rights in 2021, he will step down as Deputy Chief Executive Officer at the end of 2020.

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Commenting on the plan, Societe Generale Chief Executive Officer, Frédéric Oudéa said: “Our 2020 strategic plan, Transform to Grow, is based on a long-term vision of the Societe Generale Group as a trusted partner for our clients, committed to the positive transformations of our societies and

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Slawomir Krupa, currently responsible for Retail Banking activities and Investor Solutions for the Americas, will become, as of January 1, 2021, Deputy Managing Director in charge of Global Banking and Investor Solutions activities at the global level. He will report directly to Frédéric Oudéa. Philippe Aymerich, Deputy Chief Executive Officer, currently in charge in particular of retail banking activities in France, sees his supervision extended to all international retail banking and consumer credit activities, following the departure of Philippe Heim, who is stepping down as Deputy CEO today.

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Sébastien Proto, currently Group Strategy Director, will become, as of September 1, 2020, Deputy CEO, in charge of the Societe Generale and Credit networks of the North, and their Innovation, Technology and IT Department. He will report directly to Philippe Aymerich.

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Find all the financial results publications from the Société Générale Group. "In the face of the unprecedented health, economic and social crisis we are experiencing, our Societe Generale teams worldwide have shown determination and unwavering tenacity in a truly exceptional mobilisation and I

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Diony Lebot, Deputy Managing Director, in addition to her current functions of risk and compliance supervision, internal control and sponsor of Social Responsibility and Environmental Services of the Group, is entrusted with the supervision of the Group's financial services and insurance activities. Finally, William Kadouch-Chassaing, Group Chief Financial Officer, has been appointed Deputy Chief Executive Officer in charge of finance, reporting directly to Frédéric Oudéa.

Frédéric Oudéa comments: "To support me in the new strategic phase of the Group, I wanted to form a renewed management team by my side with diversified and strengthened banking skills. We will focus on accelerating the transformation of our businesses at the service of our customers, in particular market activities and retail banking, in an economic environment marked by the COVID crisis and a context of technological change and increased responsibility of banks in financing transformations This new organization also aims to enable us to strengthen synergies within the Group and our effort to reduce costs ".

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