CFO Pierre Bouchut also to leave Delhaize?

CFO Pierre Bouchut also to leave Delhaize?

Pierre Bouchut, Delhaize Group’s Chief Financial Officer, is apparently in pole position to become Veolia’s Chief Financial Officer. He would be the third Chief to leave Delhaize after the appointment of Frans Muller as successor to Group CEO Pierre-Olivier Beckers.

“Bouchut prime Veolia candidate”

Bouchut is apparently the prime candidate to fill the spot of CFO at Veolia, the world’s largest water and waste management company, according to French newspaper Les Echos. Bouchut apparently applied for the position, alongside two “general managers of middle-sized companies”.

 

Current CFO Pierre-François Riolacci has announced his departure at the beginning of September, moving to the Air-France-KLM airline group.

 

Delhaize drained empty?

The rumours remain unconfirmed and a decision has not yet been made, but if Bouchut does leave Delhaize for Veolia, it would mean the departure of a third important manager since it was announced that Frans Muller would take over as Delhaize Group CEO.

 

First to leave was American Roland Smith, followed by European CEO Stéfan Descheemaeker last week. Both had ambitions to become Delhaize Group CEO, but it is unclear whether losing out on that promotion has something to do with Pierre Bouchut’s eventual departure.

 

Delhaize CEO Muller wants “close collaboration”

Bouchut had moved from Carrefour in 2012, after missing out on becoming the CEO over there, a position now filled by Georges Plassat. He had been the prime candidate for that position and he might feel the same way now after Muller got the nod as new CEO.

 

It demonstrates why Muller had mentioned Pierre Bouchut so explicitly in the press release surrounding Stéfan Descheemaker’s departure. He emphasized he would be “working closely with Pierre Bouchut”, which may have served as a way to cut rumours short.

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