Exclusive: BNP investors consider bank's long-term CEO succession plans, sources say

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Exclusive: BNP investors consider bank's long-term CEO succession plans, sources say

//business-finance.news-articles.net/content/202 .. -long-term-ceo-succession-plans-sources-say.html

Published in Business and Finance on Friday, February 14th 2025 at 9:40 GMT by Reuters
^{🞛 This publication is a summary or evaluation of another publication 🞛 This publication contains editorial commentary or bias from the source}

Investors in BNP Paribas are starting to consider who might lead the bank once long-time chief executive Jean-Laurent Bonnafe leaves amid a scarcity of obvious internal candidates to succeed him, sources familiar with the matter said.

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The article from Reuters discusses how investors in BNP Paribas, France's largest bank, are increasingly focusing on the long-term succession plans for its CEO, Jean-Laurent Bonnafe, who has been in the role since 2011. With Bonnafe's contract extended until 2026, shareholders are keen to understand the bank's strategy for leadership transition, especially given the bank's recent performance and strategic shifts. The interest in succession planning comes amidst a backdrop where BNP Paribas has been navigating through various challenges including regulatory pressures, digital transformation, and competition. Sources indicate that while there is no immediate urgency, the topic of who might succeed Bonnafe is becoming a point of discussion in investor meetings, reflecting broader concerns about leadership continuity and strategic direction in major financial institutions.

Read the Full Reuters Article at:
[ https://www.reuters.com/business/finance/bnp-investors-consider-banks-long-term-ceo-succession-plans-sources-say-2025-02-14/ ]