The Orange Group's Board of Directors met on 17 June 2013 to hear Stéphane Richard present his situation concerning the CDR-Tapie case and the Chairman of the Governance Committee on the potential consequences of this situation regarding the governance of the Group.
The Board has decided to reassert its full confidence in Stéphane Richard and his ability to effectively meet the numerous challenges facing Orange with the same energy as ever in the best interests of the company, its employees, its customers and its shareholders.
In particular, the Board considers that the legal measures affecting Stéphane Richard do not impede his ability to fully and effectively lead Orange as its Chairman and Chief Executive Officer. The Board will continue to ensure this remains the case in the future and has appointed Bernard Dufau, independent board member, to follow the situation.
Orange is one of the world’s leading telecommunications operators with sales of 43.5 billion euros in 2012 and has 166,000 employees worldwide at 30 September 2013, including 102,000 employees in France. Present in 32 countries, the Group has a total customer base of more than 232 million customers at 30 September 2013, including 175 million mobile customers and 15 million fixed broadband customers worldwide. Orange is also a leading provider of global IT and telecommunication services to multinational companies, under the brand Orange Business Services.
Orange is listed on the NYSE Euronext Paris (symbol ORA) and on the New York Stock Exchange (symbol ORAN).
For more information: www.orange.com, www.orange-business.com and on Twitter: @orange, @presseorange, @orangebusiness.
Orange and any other Orange product or service names included in this material are trade marks of Orange Brand Services Limited.