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Government Wants Luc Rémont to Take Office “Mid-November

The government wants to bring forward the appointment of the new CEO of EDF Luc Rémont to "mid-November".

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The government wants to bring forward the assumption of duties of the new CEO of EDF Luc Rémont to “mid-November”, said Thursday the Minister of Economy Bruno Le Maire on BFM Business.

To replace current CEO Jean-Bernard Lévy, who has been at the helm of EDF since 2014, “we have a new leader, Luc Rémont, who is the right person at the right time, and we will make sure that he can take up his post as soon as possible,” Le Maire said.

“It was planned for the end of November (…) we want it to be able to take office in mid-November, to speed up the process,” he added, while the state launched the process of renationalization of EDF in early October.

Currently in charge of international operations at Schneider Electric, Luc Rémont’s candidacy was validated on Wednesday by the Economic Affairs Committees of the Senate and the National Assembly.

In the midst of the energy crisis, his roadmap is already looking busy.

Half of the French nuclear fleet is unavailable due to scheduled maintenance or corrosion problems.

The challenge for the new CEO will be to restart enough reactors to cope with
to the peaks of consumption this winter.

In the longer term, Luc Rémont will have to put the construction of six new nuclear reactors on track, in line with the government’s ambitions.

EDF is in a difficult financial situation and has once again downgraded its forecasts for 2022.

In the first half of the year, the group had already recorded a net loss of 5.3 billion euros.

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