Orange CEO puts his fate in hands of board after conviction

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By Mathieu Rosemain
PARIS (Reuters) -Orange CEO Stephane Richard said on Wednesday it was up to the board of France's biggest telecoms company to decide whether he should remain after a Paris appeal court convicted him of complicity of misuse of public funds.
Richard said in a statement he would appeal the court's verdict, which handed him a one year suspended prison sentence, adding it was "deeply unfair".
"I place my mandate within the hands of Orange's board of directors," said Richard, who was acquitted in a first trial.
French Finance Minister Bruno Le Maire has repeatedly said that the government position is that bosses of state-owned companies should quit if convicted of a crime. A finance ministry statement noted the verdict and said it was paying close attention to the proper functioning ...


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