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July 2, 2008

BNP Paribas reshuffles senior positions

by Richard Kilner

Story link: BNP Paribas reshuffles senior positions

Yesterday the board of French Bank BNP Paribas met, chaired by Michel Pébereau.

The board agreed to an important reshuffle of general management on a motion of Baudouin Prot, and made a number of key appointments.

The board also decided upon a new executive committee composition as a result of the reshuffle.

CEO Baudouin Prot proposed that the present trend of the firm’s business should be used as the basis for adapting its organisation.

Prot also asked that the control mechanisms be better co-ordinated, and their independence confirmed, a matter that has become clearly important given the recent global financial turbulence.

As a result of the changes agreed, two chief operating officers will work with Prot. Georges Chodron de Courcel, who already held the post, and Jean-Laurent Bonnafé, who assumes the role on 1 September and will be responsible for retail banking operations.

On the same date Jean Clamon becomes managing director with responsibility for co-ordinating the internal control unit.

 

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