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| 13,05 EUR | -0,84% | 13,07 | +0,18% | |
December 17, 2024 at 7:01 pm
The Board of Directors of Crédit Agricole SA on Tuesday chose Olivier Gavalda to take over as CEO of the French banking group’s listed entity at the close of the General Assembly on May 14, 2025, Les Echos reported.
Olivier Gavalda will replace Philippe Brassac, CEO of Crédit Agricole SA since May 2015, who had reached the age limit for the exercise of his functions, set by the company’s statute at 65 years.
(Written by Bertrand De Meyer)
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Philippe Brassac is Vice President and CEO of Crdit Agricole SA, of Sacam International SAS, of the Caisse Rgionale Crdit Agricole Mutuel Provence Cte d’Azur, General Secretary of the Fdration Nationale du Crdit Agricole, of Gecam GIE, President of SACAM Dveloppement SAS and of Sofipaca Gestion SAS is a member of the Confdration Nationale de la Mutualit, de la Cooperation Et. He is part of the board of directors of Crdit Agricole SA, Crdit Lyonnais SA, Federation Rgionale du Crdit Agricole Mutuel du Centre, Sacam Participations SAS, Scicam Ltd., Rue la Botie SAS, Adicam SARL and Fondation du Crdit Agricole Pays de France. Brassac was previously employed as president and CEO of Deltager. He was also a member of the board of directors of Cassa di Risparmio di Parma e Piacenza SpA and of Crdit Foncier de Monaco. He graduated from the Ecole Nationale de la Statistique & de l’Administration and graduated from the Universit Paris Dauphine.
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term Auto. 2 months 3 months 6 months 9 months 1 anno 2 years 5 years 10 years Max.
Period Day Week
ACA: Dynamic Graph
Crédit Agricole SA is one of the main European banking groups and is the main financier of the French economy. The Net Banking Product is divided by activity as follows: – retail banking (30.1%): activities in France (Crédit Lyonnais) and abroad. Furthermore, the Group is present in France through its 39 regional branch networks (making it the largest French banking network); – finance, investments and market banking (30.1%): standard and specialized banking financing activities (financing for acquisitions, projects, aeronautical and maritime activities, etc.), equity transactions, mergers and acquisitions consultancy, investment capital, etc; – asset management, insurance and private banking (25.9%); – specialized financial services (13.9%): consumer lending, leasing and factoring (no. 1 in France). At the end of 2023, Crédit Agricole SA managed €835 billion in current deposits and €516.3 billion in current receivables. NBP is geographically distributed as follows: France (46%), Italy (20%), European Union (14.3%), Europe (7.2%), North America (6%), Japan (1.3%). ), Asia and Oceania (3.5%), Africa and the Middle East (1.3%), Central America and South America (0.4%).
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Buy
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Accumulate
Last closing price
13,16EUR
Average target price
16,22EUR
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+23,22%
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