phh Frankfurt, but With a Twist and Some Extra Details
Credit Agricole's leadership shifts as Olivier Gavalda takes the helm as CEO.
Looks like Credit Agricole is shaking things up! The French bank has announced that Olivier Gavalda will be stepping into the CEO role, effective after the Annual General Meeting (AGM) on May 14th. This decision was made during a recent Supervisory Board meeting, but the handover with the current management will happen in the following months, as per the announcement.
As per Bloomberg, the old CEO, Philippe Brassac, has presumably reached the age limit of 65 for the CEO position. But here's a fun fact you may not know: Olivier Gavalda isn't just the new CEO of Credit Agricole—he'll also be the Chairman of the Board of Directors for Credit Agricole CIB. And here's another tidbit: as of May 6th, 2025, Jean-François Balaÿ will be the new CEO of Credit Agricole CIB, succeeding Xavier Musca.
When it comes to the AGM date, we couldn't find specific information in the provided sources. AGM dates are usually announced in official company communications or on their investor relations websites, but alas, no such direct reference was found this time around. Keep your eyes peeled for official announcements!
In the midst of transitions at Credit Agricole, Olivier Gavalda has been selected as the successor to Philippe Brassac, not only taking the CEO role but also assuming the position of Chairman of the Board of Directors for Credit Agricole CIB. Further in the future, Jean-François Balaÿ is set to become the CEO of Credit Agricole CIB, effective May 6th, 2025. This series of changes may have implications for various sectors such as industry, finance, business, and banking-and-insurance.
