After having made swift progress in the implementation of the orderly resolution plan announced in the fall of 2011, Dexia SA and Dexia Crédit Local S.A. announce the formation of a single management team, in line with the size of the restructured Group. While the legal structures of both Dexia SA and Dexia Crédit Local S.A. remain unchanged, the Group now has a single, unified management team to steer the affairs of both entities. This new governance structure relative to the management of the Dexia Group is effective immediately, subject to approval by the regulators. The integrated steering of the support lines will be implemented gradually.
As part of the general policy adopted by the Board of Directors, the Management Board provides effective management of the company and Group and directs their various activities. It also provides follow up for decision of the Board of Directors.
Made up of 3 members appointed for 4 years, Dexia SA Management Board is chaired by the managing director. It meets weekly and makes its decisions as a body. It has internal rules that determine its powers and methods of operation.
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Karel De Boeck
62, Belgian
Chief Executive Officer, Chairman of the Management Board of Dexia SA and Chief Executive Officer of Dexia Crédit Local S.A. |
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Philippe Rucheton
64, French
Member of the Management Board of Dexia SA and Executive Vice-President of Dexia Crédit Local S.A.
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Claude Piret
61, Belgian
Member of the Management Board of Dexia SA and Executive Vice-President of Dexia Crédit Local S.A.
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