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UPDATE 1-Veolia board to name Frerot as new CEO

Published 10/21/2009, 10:17 AM
Updated 10/21/2009, 10:21 AM
EDF
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* Board agrees to split chairman/CEO functions

* Move applies if Proglio becomes EDF head

* Veolia Water CEO Frerot would become Veolia CEO

* Proglio would remain Veolia non-executive chairman

(Adds details)

PARIS, Oct 21 (Reuters) - Veolia Environnement said its board named Antoine Frerot as new chief executive of the French water, waste and transport group if Chairman and CEO Henri Proglio takes over as head of power group EDF.

Proglio would stay on as non-executive chairman, Veolia said in a statement on Wednesday. Frerot currently heads Veolia Water.

Proglio is set to become chairman and CEO of EDF in November.

The board also recommended creating the post of vice-chairman of the board and appointing independent director Louis Schweitzer to the position. (Reporting by Dominique Vidalon; Editing by James Regan)

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