Since Patrick Jeantet’s appointment as Chairman of the Executive Board at Keolis on 1 February 2020, the Supervisory Board has registered significant strategic differences.
The purpose of the Supervisory Board is to oversee the Executive Board, which in this case consists of just one person – Patrick Jeantet. The Supervisory Board is to adjudicate on some strategic decisions.
Keolis has two shareholders: SNCF (70 percent) and Caisse de dépôt et placement du Québec (30 percent | also an investor in Bombardier Transportation) asked the Chair of the Supervisory Board to convene an exceptional meeting in 2 June to discuss Patrick Jeantet’s dismissal. Following this meeting the Supervisory Board terminated Patrick Jeantet’s contract.
Keolis will now launch a recruitment process to find a new Executive Chairman. Before a replacement is found, the Supervisory Board will hand over the management of Keolis to a specially constituted Executive Board. Its interim Chairperson will be Kathleen Wantz-O’Rourke, who is the Group Executive Director Finance and Legal. Other members include:
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