Sunday, September 28, 2014

Henri Proglio: EDF CEO

Of Italian origin, Henri Proglio was born on June 29, 1949 in Antibes, France. He graduated from HEC Paris.

There are individuals who possess the character, skill and drive to become leaders and Henri fits in this category. He began working for Compagnie Générale de Eaux in 1972.  Henri reached the top position in the firm in a little less than twenty years becoming Chairman and CEO in 1990. Almost a decade later in 1999 he was named Vice-President of Vivendi Universal and Chairman and CEO of Vivendi Water. Henri became Chairman of Violia Environnement in 2000 and was also appointed CEO three years later.

In November 2009 Henri was named Chairman and CEO OF Electricité de France (EDF). EDF is one of the largest companies in the world. Running it has its challenges. To be efficient and profitable it has to be run like a private company but EDF is basically a state-owned utility company with the French government owning 84 percent of it. It is the French president who appoints the head of EDF from a short list of candidates.

EDF is also the world’s biggest operator of nuclear plants. Henri has performed very well. Although he was appointed by a conservative government, the current government of French President Francois Hollande kept him in place. Henri has had a good working relationship with the socialist government which has allowed EDF to increase its tariffs by 5 percent last year.

During Europe’s energy crisis of recent years, other European utilities suffered while EDF stocks have broadly outperformed the sector. Henri has also cut debt, pulled EDF out of its struggling North American nuclear business and ended legal dispute with water group Veolia over their energy services joint venture Dalkia. With his five year term ending in November 2014 there are even talks that the current government may extend his term.

Outside of EDF Henri is a non-executive director of CNP Assurances, Dassualt Aviation and Natixis. He was decorated Commander of the National Order of Merit of the Legion of Honour. 

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