Eurotunnel chairman denies plans to quit

1st June 2004, Comments 0 comments

PARIS, May 31 (AFP) - Eurotunnel chairman Jacques Maillot on Monday issued a "categoric denial" of rumours circulating that he is to leave the company.

PARIS, May 31 (AFP) - Eurotunnel chairman Jacques Maillot on Monday issued a "categoric denial" of rumours circulating that he is to leave the company.

Maillot, who was appointed at April's shareholders meeting, issued the denial to Agence France-Presse, in response to a report in the British Sunday newspaper the Observer on Sunday that he is to depart.

"These rumours have absolutely no foundation," he said; "I have never had the intention to leave and there has been no intention to get me to leave."

"I spent several weeks reflecting before accepting this post... I intend to carry it out to the full alongside my entire team."

The British Sunday newspaper The Observer, citing unnamed sources, had reported that Maillot, part of a new management team put in place by a shareholder revolt in April, was about to be replaced by someone experienced in rescuing companies.

The newspaper said that the precise reasons for the possibly departure of Maillot were not clear but that he might no longer want the job because of disagreements among shareholders.

The shares in the British-French company which operates the undersea tunnel between northern France and southern England, closed off earlier highs with a gain of 2.86 percent at EUR 0.36 in Paris.

The CAC-40 index closed up 0.48 percent at 3,669.63.

© AFP

Subject: French news

 

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