Societe Generale group Governance

At the Annual General Meeting held on 17 May 2022, Frédéric Oudéa, Group Chief Executive Officer since 2008, announced that he would not be seeking the renewal of his term of office as Director and Chief Executive Officer in May 2023.

Lorenzo Bini Smaghi, Chairman of the Board of Directors, indicated that a process to select a new Chief Executive Officer has been approved based on a proposal from the Nomination and Corporate Governance Committee and will be completed by 2023.

Frédéric Oudéa’s term expires at the end of the Annual General Meeting to be held on 23 May 2023. The Board of Directors acknowledged Frédéric Oudéa’s decision and reiterated its confidence in him to lead the Group until that time.

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