Surprise CEO resignation sinks Elior to lowest price in 16 mths
02/03/2022 08:33
** Shares in Elior ELIOR.PA fall around 4% after the
surprise departure of the French catering company's CEO Philippe
Guillemot, who has resigned "with immediate effect" according to
a statement late on Tuesday
** The stock slips to its lowest price since Nov. 6, 2020
** Guillemot resigned for personal reasons, says Elior,
which has appointed Bernard Gault as interim CEO pending the
appointment of his replacement
** No severance, non-competition or other compensation will
be paid to Guillemot on his departure in accordance with
regulatory guidelines, says Elior, adding he will lose all
rights to long-term compensation packages
** Elior says only Guillemot's fixed compensation has been
paid pro rata temporis for 2021/2022
** Bernard Gault, who previously worked at Suez SEVI.PA
and Morgan Stanley MS.N , has served as an independent director
at Elior for the past four years
(Reporting by Sarah Morland)
((sarah.morland@tr.com
mailto:sarah.morland@thomsonreuters.com))