Aéroports de Paris (ADP) today named Augustin de Romanet, the former head of French state bank Caisse des Depot et Consignations, as the man it wants as its new chairman and CEO.
The Board of ADP officially proposed de Romanet to French President, Francois Hollande, this afternoon and must now wait for the recommendation to be rubber stamped by parliament and a decree of the Council of Ministers.
The process is expected to take around three weeks, meaning that de Romanet could take up the position in early December.
The French government has a 52% stake in ADP, which owns and operates Paris' CDG and Orly airports, and through subsidiary Aéroports de Paris Management (ADPM) has an equity interest or management/technical contracts at a number of gateways across the globe.
Former chairman and CEO, Pierre Graff, retired yesterday.