How do you replace one of the few top female leaders in French finance? Put two men in charge instead.
That’s not a joke. The Decaux family has wrested leadership control from Virginie Morgon at private equity firm Eurazeo — where she was dubbed finance’s “wonder woman” after a decade-long rise to the top job — and replaced her with a new executive board chaired by Christophe Baviere and William Kadouch-Chassaing. The pair will rotate the chair and CEO roles every year; not exactly governance best practice, even if the roles are better off separated.
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LIONEL LAURENT: France loses one of its few women leaders in industry struggling to prove it can do betterWith the lost of Virginie Morgon, rather than heralding a new kind of investing edge, the Decaux intervention looks increasingly like a family waiting for a trophy asset to deliver
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