Power struggle hobbles Electricite de France

Article Abstract:

Electricite de France (EDF) is left looking for a strategy to ward off competition due to a power struggle between its top two executives, Chairman Edmond Alphandery and Director General Pierre Daures. The state-owned utility will most likely remove the two officers and bring in Francois Roussely, currently the defense minister's chief of staff, to replace Alphandery. But a successor of Alphandery is faced with two questions: how should EDF exploit its resources to venture into other businesses and how can the group fight aggressive competition posed by European and US utilities as competition is allowed in february 1999.

Comment:

Is left looking for a strategy to ward off competition due to a power struggle between its top 2 executives

Electric Utilities, Electric Power Generation, Transmission and Distribution, Electricite de France, Article

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Suez targets U.S. in talks to buy the rest of UWR

Article Abstract:

Suez Lyonnaise des Eaux SA announced that it was engaged in negotiations over the possible acquisition of the 68% of United Water Resources Inc. (UWR) that it does not already own. The deal would be the third major transaction that Suez would have carried out in the US over the past few months. Suez would become a major presence in the water supply and treatment outsourcing market if an agreement is reached.

United States, Water Supply and Irrigation Systems, Foreign operations, Water Utilities, Abstract, United Water Resources Inc., SUEZ S.A.

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BNP Paribas CEO hands reins to No.2

Article Abstract:

BNP Paribas' chief executive and chairman, Michel Pebereau, is giving up operational control to Baudouin Prot, the firm's second-ranking officer. Pebereau also said that Prot would succeed him as BNP's chief in the future.

Executive changes & profiles, Banking industry, Officials and employees, Appointments, resignations and dismissals, Chief executive officers, Powers and duties, BNP Paribas S.A., Company business planning, Pebereau, Michel, Prot, Baudouin

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