Societe Generale: Changes within the General Management of the Group

Societe Generale: Changes within the General Management of the Group

Societe Generale: Changes within the General Management of the Group

The FINANCIAL -- Societe Generale announces that Didier Valet, deputy Chief Executive Officer, is leaving the Group.

Following a divergence of approaches regarding the management of a specific legal matter, which predates his appointment as deputy CEO, Didier Valet resigned in order to preserve the bank’s general interests, according to Societe Generale.

Acknowledging his resignation today, the Board of directors, and the General Management wish to warmly thank Didier Valet for the quality of his commitment and his career within the Group. Didier Valet succeeded in transforming the corporate and investment banking activities, building a profitable and sustainable model. The Board of Directors and General Management wish him all the best for his future endeavors.

His replacement will be announced shortly. In the meantime, Didier Valet's duties will be taken over by Frédéric Oudéa, Chief Executive Officer. Under his authority, the new management team will pursue the execution of the strategic plan "Transform to grow" 2018-2020.