UPDATE 3-Cable maker Nexans splits chairman, chief executive roles
* Role split decided after hedge fund raised pressure
* AGM rejects fund resolution to oust CEO
* Top shareholder wants end to lock-up agreement (Adds vote result)
By Gilles Guillaume
PARIS, May 15 (Reuters) - French cable maker Nexans bowed to shareholder pressure for a management shakeup on Thursday and split chairman and chief executive Frederic Vincent's dual role, although shareholders also rejected a motion to oust him.
Vincent will remain chairman while Chief Operating Officer Arnaud Poupart-Lafarge will take over as CEO, the company said in a statement that came just hours ahead of the company's annual meeting in Paris.
Nexans also said its top shareholder, Chilean copper group Invexans, had asked to end the agreement that locks its holding at between 25 and 28 percent and gives it the right to appoint three board directors. Invexans owns 28 percent of Nexans.
The Chilean group said in a statement it was not seeking to take control of the French company and had no plans to cut its stake or increase it above 30 percent.
Hedge fund Amber Capital had planned to lead a rebellion against Vincent, having forced onto the agenda a resolution to dismiss him from the board citing underperformance since he took over in 2009. Continuación...