The French state-controlled bank for SMEs has appointed as chairman, Jean-Pierre Denis, former head of Dalkier, a subsidiary of French environmental services group Veolia.
The government, which owns 54.53 per cent of BDPME, had been looking for a replacement chairman since Oriane Obolenski left for the general management of the French banking association (FBF).
The French finance ministry says that Mr Denis' lack of experience in banking does not constitute a disadvantage in the role. The appointment must still be approved by the supervisory board, however, which will consider the move at the end of the week, and by the two subsidiaries of BDPME, Sofaris and CEPME.
Source: La Tribune
