One is not the prerequisite for the other

Jean-François Roverato succession at the head of Eiffage is now open. The process as it has been committed suitable it

Yes, because it is professional, transparent and at the company and its challenges. It is not easy to replace a man of the stature of Jean-François Roverato. His successor will have to meet three strengths: an ability to manage the various trades of Eiffage, whether it is the sector of the BTP or concessions, extensive managerial experience, and an undeniable charisma. Two independent recruitment firms selected by the Board of Directors will undoubtedly help to highlight these different components in the candidates. Their opinion should also take the heat out the process of succession. It is clear that the choice will be in the interest of all parties.

The directors will meet again on December 8. Should this process have been sealed off to this date

The Council of 8 December cannot be a Cleaver. The priority objective is to lead this process professionally because the issue requires. We have a lot of very good candidates, so give us the time to make the right choice. Must be good for the company, its shareholders, officers and employees, the solution found. There is no question of wait three months to decide, but it is not excluded that, based on the work two recruitment firms, the successor of Jean-François Roverato selection process take a few additional weeks. For a topic of this magnitude, the date appears somewhat fair. The Council of 16 November was an extraordinary Council, it may be called another.

The ISP there with 20 of the capital of Eiffage, the means to influence the choice of the successor of Jean-François Roverato among the four selected candidates

The simple arithmetic shows that the decision could be taken without our membership, but I remember that the list of the top candidates was accepted unanimously by the Board of Directors. The governance of the company was however not yet discussed and must be in December. It will include endorse the fact that the newcomer will very quickly become Executive Director General. If it appears necessary, in addition, Jean-François Roverato passes the relay some time after the General Assembly of Eiffage next spring, the question of the separation of the functions of Chairman and Managing Director. Taking into account the economic context and the history of Eiffage, its new General Director will be a lot of bread on the plate. Should a non-Executive President not be recruited to support, as is done in other major French companies The question arises.

Is this the reason for which the ISP has said, applied to a strategic audit of the company

For us, the company's strategy is not a subject. We know it and understand it. It's to benefit from an external perspective to well understand the financial challenges of Eiffage short and medium term. This expertise can be carried out in close connection with the company, at the same time in the appointment process. One is not the prerequisite for the other.