Engie: Not that easy to let go

BUY, Fair Value EUR19 (+34%)
News published on February Friday 5, 2016
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According to French newspaper “Les Echos”, the French government has decided that Gerard Mestrallet should stay on as non-executive chairman at Engie, for two years after passing the role of chief executive to Isabelle Kocher. Kocher, currently Deputy CEO & COO, was confirmed in her position by Mestrallet, yet this move implies she will lose flexibility and direct decision impact, at least compared with what was firstly planned. Negative.

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