(Bloomberg) -- For a little while now, a quiet revolution has been under way in France Inc.: Foreign-born CEOs are running some of the country’s most...
-- For a little while now, a quiet revolution has been under way in France Inc.: Foreign-born CEOs are running some of the country’s most-strategic companies, something that would have been unthinkable just a few decades ago.
“It was one of the questions the government had, the fact that he wasn’t French,” she said. “But after meeting him, after analyzing his profile, after listening to him, the government and all our shareholders backed our choice. It’s true that it was important for him to improve his French as soon as he arrived.”
“When I wanted Ghosn to succeed me, I advised him to get French citizenship,” says former Renault Chairman and CEO Louis Schweitzer. “Renault is a very symbolic company for France; I thought it would make him a stronger CEO.” De Meo was awarded France’s highest decoration, the Legion d’Honneur, last year; Smith is slated to get his on April 23.
“Many companies can be French, and based in France, but with global businesses,” she said. “Many companies want to develop outside their borders, which means that being French isn’t a must.”What Really Happens When You Trade In an iPhone at the Apple Store
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