Unlock the Editor’s Digest for free
Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.
France has ousted the chief executive of state-owned nuclear power group EDF after months of tensions over strategy and the risk of cost overruns in the construction of six new reactors.
The Élysée Palace announced the departure of Luc Rémont on Friday. The executive had been at EDF since November 2022, with the initial mission of restoring the output of its fleet of reactors following a period plagued by technical problems.
Rémont was also responsible for a plan to build a series of powerful and more costly reactors known as the EPR2.
Rémont will be replaced by Bernard Fontana, the current head of Framatome, a subsidiary of EDF that builds reactors and components, the Élysée said.
This is a developing story
