finance

Orange CEO set to hand in resignation on Wednesday-source



© Reuters. FILE PHOTO: Chairman & CEO of Orange Stephane Richard attends an interview during the Mobile World Congress (MWC) in Barcelona, Spain, June 29, 2021. REUTERS/Albert Gea/File Photo

PARIS (Reuters) – Stephane Richard, the CEO of France’s biggest telecoms group Orange, will hand over his resignation at a board meeting on Wednesday after being convicted for complicity in the misuse of public funds by an appeals court, a source said.

Two separate sources said Richard would likely remain in office on an interim basis while the state-controlled company looks for another chief executive and a new chairman.

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