In praise of the splits
Pressure to separate the roles of chairman and chief executive is growing
LETTING go is hard, especially for a French boss. Consider Gérard Mestrallet, who for 15 years has run Engie, a giant energy utility formerly known as GDF Suez. Under him the firm has prospered: it gathers annual revenues of around €75 billion ($84 billion) from 70 countries. At 66 the wily baron no doubt believes he has the vim to keep building his empire.
This article appeared in the Business section of the print edition under the headline “In praise of the splits”
From the February 13th 2016 edition
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