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the lost battle of Isabelle Kocher

GREAT STORY – In open conflict with her board of directors for several months, the only woman at the head of a CAC 40 company will not be renewed at the general management of the energy group.

The board of directors, meeting this Thursday, should decide with the support of the state not to renew the mandate of the group’s chief executive, Isabelle Kocher.
The board of directors, meeting this Thursday, should decide with the support of the state not to renew the mandate of the group’s chief executive, Isabelle Kocher. Gonzalo Fuentes / REUTERS

After months of attrition before it became open, Isabelle Kocher, the managing director of Engie (ex-GDF Suez), lost her fight. Unless unlikely, the board of directors of the energy giant, convened for an extraordinary meeting this Thursday, will decide not to renew the mandate of the only patron of the CAC 40 at the end of its term in May.

“The situation has become untenable, it cannot go on any longer: the council must quickly express its authority and restore calm by activating the departure of Isabelle Kocher”, insists an influential member of the board of directors. The six independent directors and three representatives of the shareholder state would now be aligned with this position.

The epilogue to an astonishing public soap opera, in which two camps confront each other by interposed press, therefore arrives faster than expected. The board was scheduled to deliberate on February 26, the day before financial results were released.

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