Arnaud Lagardere to resign from executive roles due to court indictment
30/04/2024 08:02
PARIS, April 30 (Reuters) - Arnaud Lagardere, the
chairman and CEO of French company Lagardere SA LAGA.PA , will
have to resign from his executive roles as a result of an
earlier court indictment against which he will appeal, the
company said on Tuesday.
"This indictment essentially concerns facts relating to
personal companies wholly owned by Arnaud Lagardère and not
involving any Lagardère group companies," it said.
"In the context of his indictment, Arnaud Lagardère has been
provisionally banned from holding executive office, a measure
which he is contesting and against which he intends to appeal,
but which nevertheless will oblige him to resign his executive
offices within the group, despite the appeal," it added.
(Reporting by Sudip Kar-Gupta; Editing by Kirsten Donovan)
((sudip.kargupta@thomsonreuters.com;))