Jeantet was appointed as CEO and the sole member of the Executive Board of Keolis on February 1.
Keolis’ two shareholders, French National Railways (SNCF) and pension fund Caisse de Dépôt et Placement du Québec (CDPQ), asked the chairman of the supervisory board to convene an exceptional meeting on June 2 to deliberate on Jeantet’s dismissal.
Following the meeting, the supervisory board announced the termination of all Jeantet’s mandates.
A recruitment process will now be initiated to appoint a new executive board chairperson.
In the interim, the supervisory board has convened an special executive board. Group executive director finance and legal, Ms Kathleen Wantz-O’Rourke, has been appointed as the interim chairperson. Wantz-O'Rourke was acting chairperson before Jeantet was appointed.
The executive committee will also include:
- Mr Frédéric Baverez, group executive director, France and Effia CEO
- Mr Bruno Danet, group executive director human resources and organisation, and
- Mr Bernard Tabary, Group Executive Director International.
“The two shareholders reaffirm their commitment to the Keolis Group, its customers and employees,” SNCF and CDPQ said in a statement.
Jeantet worked at Keolis as deputy CEO, International, then as CEO, France, from 2005 to 2013.
In 2014 he was appointed COO of Groupe Aéroports de Paris. In May 2016, he was appointed chairman and CEO of SNCF Réseau, and deputy chairman of the SNCF executive board.
