EDF: Luc Rémont’s board mandate set to expire this summer

Luc Rémont, chairman and CEO of EDF, will see his board mandate come to an end this summer. This expiration comes as the company is engaged in negotiations with the state over the financing of its nuclear programme.

Share:

Luc Rémont’s mandate as a board member of Électricité de France (EDF) will end this summer, the executive confirmed on the sidelines of the group’s annual results presentation. This information, largely unnoticed until now, was highlighted by Les Echos.

A shortened mandate and an uncertain future

Luc Rémont took over as head of EDF in November 2022, but his board mandate did not follow the standard four-year term. He had been co-opted to complete the remaining tenure of François Delattre, a departing board member. This situation raises questions about whether his mandate will be renewed, a decision that falls to the board of directors and the general assembly.

A strategic moment for EDF

At the helm of EDF, Luc Rémont has faced significant industrial and financial challenges. Since the company became fully state-owned, he has been negotiating with the government over the cost-sharing arrangements for the construction of six new EPR2 nuclear reactors. This programme, part of France’s nuclear revival, requires substantial financial commitments, the terms of which remain under discussion.

A decision in the hands of the state

According to Les Echos, the final decision on whether to extend Luc Rémont’s mandate as a board member rests with the President of the Republic. In a context where France’s energy future is partly shaped by EDF’s strategic choices, the decision to retain or replace its leader could impact the implementation of ongoing projects.

Cenovus Energy announces a net profit of $851mn for the second quarter of 2025, while accelerating the completion of its main growth projects and strengthening its strategic position despite temporary operational constraints.
A partnership between Nscale, Aker and OpenAI will create Stargate Norway, an artificial intelligence infrastructure site powered by renewable energy, set to house 100,000 NVIDIA GPUs in Northern Norway by the end of 2026.
Shell’s half-year net profit falls to USD8.38bn as the group announces a new share buyback programme, amid lower hydrocarbon prices and ongoing cost reductions.
Legrand reports a significant increase in half-year profit, fuelled by growing demand from data centres and reinforced growth prospects for the coming years.
Schneider Electric’s revenue reached EUR19.3bn in the first half, supported by strong data centre activity and growth across all its main markets.
Subsea 7 reports a strong increase in its financial results for the second quarter of 2025 and announces a definitive agreement for a merger with Saipem, while maintaining its growth outlook for the year.
Scatec ASA and Aboitiz Power secure approval for an increased tariff on ancillary services, generating more than $21mn in retroactive revenue on the Philippine market.
Enbridge confirms dividend payments for its common and preferred shares, consolidating its shareholder return policy amid stability in the North American energy sector.
Cox aims to acquire Iberdrola’s 15 power plants in Mexico for EUR4 bn (USD4.69 bn), strengthening its presence in a changing market.
Guzman Energy has finalised a $80mn revolving credit facility with BciCapital to strengthen its liquidity and support its growth in the Western U.S. energy markets.
Chevron announces the appointment of John B. Hess, former executive of Hess Corporation, to its board of directors, marking a strategic step for the group’s governance in a context of transformation in the energy sector.
Nexans reports a 113% increase in net profit for the first half, supported by the growth of its electrification activities and the upward revision of its financial targets for the year.
The European Commission opens an in-depth investigation into Adnoc’s purchase of German chemical group Covestro, questioning the potential impact of foreign subsidies and competition within the European internal market.
Stonepeak announces the creation of JouleTerra, a platform dedicated to the aggregation and management of grid-connected land, aimed at supporting the deployment of renewable energy infrastructure throughout the European continent.
Baker Hughes is set to acquire Chart Industries for $13.6bn, surpassing Flowserve’s offer and ending the previously announced merger between Chart and Flowserve, according to sources close to the matter.
Spanish energy group Endesa reports strong first-half profit growth but warns of insufficient incentives in the new grid remuneration framework proposed by the CNMC.
The French group posted higher sales and profitability while setting a new record for its investment backlog, driven by the electronics and energy transition sectors.
Bureau Veritas completes acquisitions in cybersecurity in Denmark, nuclear in Germany, and transition services in South Korea, further strengthening its coverage of strategic high-growth markets.
Macquarie finalises the acquisition of Erova Energy, further strengthening its capabilities in the management and optimisation of renewable assets in the United Kingdom and Ireland amid rapid sector growth.
An agreement between Iberdrola and Echelon provides for the creation of a joint venture dedicated to the development of data centres in Spain, including an initial 144 MW site in Madrid, strengthening integration between energy and digital infrastructure.