French Finance Minister: Nomination for new boss of energy group EDF is imminent

EDF has had problems this year and issued a profit warning earlier this month. As Europe scrambles to find alternative supplies of Russian gas, an unprecedented number of reactor outages, partly due to corrosion problems, have pushed French nuclear power production to historic lows. Le Maire also told Radio France Internationale that the top job at EDF could be split into separate CEO and chairman positions . “Our principle… has always been to separate the chairman role from the CEO role. I don’t see why EDF doesn’t That’s going to happen,” he said. The French government is planning to buy out the remaining % EDF is not yet owned in order to fully nationalize EDF. Jean-Bernard Levy, EDF’s longtime chairman and chief executive, will also be replaced.

Schneider Electric (EPA: 50SCHN

), the source said, is expected to get the CEO position. On Monday, Les Echos nominated Claude Il, chairman of nuclear fuel group Orano Claude Imauven assumes the position of chairman. A source within the EDF said Imauven’s background and training included working at the top French Ecole Polytechnique and Ecole des Mines Institutional education is an advantage.

Laurence Parisot, the current Citi France chairman ) was also mentioned by sources as the frontrunner for the role. EDF and Schneider Electric refuse to find new head of EDF comment on the situation. Officials in Orano could not be immediately reached for comment.