Meeting on August 3, the Board of Directors, chaired by Lorenzo Bini Smaghi, approved the propositions presented by Frédéric Oudéa, Chief Executive Officer, on the evolution of the company's management organisation.
The aim is to build a renewed General Management team, by the side of the Chief Executive Officer, to be composed of two positions of deputy CEO instead of four with very seasoned profiles, and the creation of new roles of Deputy general manager entrusted to a new generation of high-potential managers.
Following Séverin Cabannes's decision to retire in 2021, he will leave his position as Deputy Chief Executive Officer at the end of 2020.
Slawomir Krupa, currently Head of Global Banking & Investor Solutions for the Americas, will become Deputy general manager, head of the Global Banking & Investor Solutions activities globally, effective as of January 1, 2021. He will report directly to Frédéric Oudéa.
Philippe Aymerich, Deputy Chief Executive Officer, currently in charge notably of French Retail Banking activities, sees his supervision extended to all international retail banking and consumer credit activities, following the departure of Philippe Heim, who leaves his position as Deputy Chief Executive Officer today.
Sébastien Proto, currently Head of Group Strategy, will become Deputy general manager, head of the Societe Generale and Crédit du Nord networks and the related Innovation, Technology and IT Service Unit, effective as of September 1, 2020. He will report directly to Philippe Aymerich.
Diony Lebot, Deputy Chief Executive Officer, will be entrusted, in addition to her current functions of risk and compliance supervision, internal control and sponsor of the Group's Corporate and Environmental Responsibility, with the supervision of the Group's financial services and insurance activities.
Finally, William Kadouch-Chassaing, the Group's Chief Financial Officer, is appointed Deputy general manager, head of Finance, reporting directly to Frédéric Oudéa.
Lorenzo Bini Smaghi comments: "These decisions taken by the Board of Directors aim at renewing the management team around Frédéric Oudéa, drawing on in-house talents, in order to better support the in-depth changes needed to build the bank of tomorrow".
Frédéric Oudéa comments: "In order to build by my side the Group's new strategic phase, I wanted to assemble a renewed management team with diversified and strengthened banking skills. Together, we will focus on accelerating the transformation of our business to better serve our clients, particularly in capital markets and retail banking, in an economic environment impacted by the COVID crisis and in a broader context of technological shift and of increased responsibility for banks to finance the positive transformations of economies. The objective of this new organisation is to enable us to strengthen the Group synergies and our efforts to reduce costs.
I would like to highlight the exceptional contribution of Séverin Cabannes a member of the Executive Board since 2008. I am pleased that he has agreed to continue in his position until the end of the year. I would also like to warmly thank Philippe Heim for his tenure during his two years as Deputy Chief Executive.
