This decision was motivated by the overall level of Stéphane Richard's compensation package since 2010, by the desire to compensate for the absence of any retirement plan and to underline the constant commitment with which he accompanied the rigorous succession process. The Board also wanted to recognize the consistent financial results and strategic performance obtained throughout his three terms of office at the head of the Group.

Stephane Richard would like to thank the Board of Directors for this intention. However, given the incomprehension of certain shareholders who consider that this allocation does not comply with the guiding principles that apply when considering the compensation of corporate mandate holders and that this should have been planned for and anticipated, Stéphane Richard has decided to waive this exceptional compensation.

About Orange

About Orange Orange is one of the world’s leading telecommunications operators. The Group aims to be the trusted partner for everyday digital life by providing individuals, businesses and communities with reliable connectivity and innovative services. As of the end of 2025, Orange connects 340 million customers (including MasOrange) across 26 countries and generated 40.4 billion euros in revenues.
As a trusted player, Orange leverages the excellence of its very high-speed broadband networks to deploy digital infrastructure in Europe, Africa and the Middle East. The Group is a European leader in fiber, with 100 million connectable households, and convergent offers. In France, Orange connects 34 million customers and was ranked No. 1 by the regulator Arcep for the quality of its mobile network for the 15th consecutive year. In Africa and the Middle East, the Group’s growth engine, Orange serves nearly 180 million customers and promotes digital and financial inclusion through its connected solutions.
Under the Orange Business brand, the Group supports companies in transforming their networks as well as in AI, trusted cloud and cybersecurity. Orange is also a major player in the wholesale market, where it has a leading global telecom infrastructure and significant capabilities for deploying and operating submarine cables. A committed innovator, Orange relies on 700 researchers and holds a portfolio of 11,000 patents.

Orange is listed on Euronext Paris (symbol ORA). More information: www.orange.com. 

Orange and any other Orange product or service names mentioned in this material are trademarks of Orange or Orange Brand Services Limited.