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Orange finance head Fernandez to join transport group CMA CGM
Global Banking & Finance Review®
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PARIS (Reuters) – French telecoms group Orange’s deputy chief executive and head of finance, Ramon Fernandez, is leaving the company to join shipping and transport company CMA CGM as finance director.
PARIS (Reuters) – French telecoms group Orange’s deputy chief executive and head of finance, Ramon Fernandez, is leaving the company to join shipping and transport company CMA CGM as finance director.
Fernandez will Orange at the end of the first quarter of 2023, the company said on Tuesday, adding that a successor will be named soon.
French transport group CMA CGM said in a separate statement that Fernandez would start his new role at the start of the second quarter next year.
“I would like to thank Ramon for his unfailing commitment to the group,” Orange CEO Christel Heydemann said in statement. “He has played an essential role in the development of the company over recent years, in particular through his work on efficiency and value creation.
“We will continue to work together and in confidence over the coming weeks to finalise our next strategic plan.”
(This story has been refiled to fix a grammatical error in the headline)
(Reporting by Sudip Kar-Gupta; Editing by Kirsten Donovan and David Goodman)
A finance director is a senior executive responsible for managing the financial activities of an organization, including financial planning, risk management, record-keeping, and financial reporting.
Corporate strategy refers to the overarching plan and direction of a company, focusing on long-term goals, resource allocation, and competitive positioning in the market.
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