Nexans’ board of directors has been informed that the company’s chief executive officer (CEO) Arnaud Poupart-Lafarge has requested to leave the organisation at the soonest possible date, citing personal reasons.

The board of directors has requested that Arnaud Poupart-Lafarge ensure a transition period until September 30, 2018 at the latest, which he has accepted.

The board of directors unanimously recognises and warmly thanks Arnaud Poupart-Lafarge for his services and leadership in turning around the company and driving its growth since he started in the role in 2014, as well as accepting to support a period of managerial transition.

The board of directors, chaired by Georges Chodron de Courcel, in application of the group succession plan, and in full agreement with Arnaud Poupart-Lafarge,  has this day requested Pascal Portevin, in his role as deputy CEO to expand his responsibilities to support the transition.

He will, together with the CEO, drive the implementation of Nexans’ ‘Paced for Growth’ strategic plan.

Nexans chairman of the board Georges Chodron de Courcel said: “The board of directors and I are fully confident in the ability of Nexans’ management board to drive the execution of our strategy both during this period of transition and afterwards.”

The board of directors has decided to launch a recruitment process both internally and externally to fill the role of chief executive officer as soon as possible.

Analysts and investors are welcome to attend a conference call with Arnaud Poupart-Lafarge and Pascal Portevin, arranged on Monday 19 March 2018 at noon (Paris time).

For more information, please contact Nexans via the enquiries form on this page.