Nexans splits chairman-CEO functions after shareholder pressure

jueves 15 de mayo de 2014 06:26 GYT

PARIS May 15 (Reuters) - French cable maker Nexans bowed to shareholder pressure for a top management shakeup on Thursday, announcing a split in its chairman and chief executive functions.

Current Chairman and Chief Executive Frederic Vincent will become chairman. The new CEO will be Arnaud Poupart-Lafarge, the current chief operating officer, a company statement said.

Nexans also said its top shareholder, Chilean copper group, Invexans had requested termination of the shareholder agreement that locks its shareholding at 28 percent. (Reporting by Andrew Callus, Editing by Tim Hepher)