Philippe Logak Becomes Thales' Acting Chairman and CEO
November 27 2014 - 8:27AM
Dow Jones News
By Inti Landauro
PARIS--The board of Thales SA (HO.FR) Thursday said the
company's general secretary Philippe Logak will become acting chief
executive and chairman after Jean-Bernard Levy, the company's top
official, left to head French power utility Electricite de France
SA (EDF.FR).
The board didn't say how long it will take to fill the position
left by Mr. Levy, who was appointed by the French government on
Wednesday as CEO of EDF. The government owns about 85% of the
utility.
Mr. Levy took over as Thales CEO in December 2012. Mr. Logak was
hired as Thales's general secretary in 2013.
The French government owns 26.39% in Thales, while jet-fighter
maker Dassault Aviation (AM.FR) owns a 25% stake.
Write to Inti Landauro at inti.landauro@wsj.com
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