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| Systra completes first stage of its restructuring French design consultant Systra completed the first stage of its restructuring on 30th June with the incorporation of the Holding company, Financière Systra into Systra SA, and the transfer of control of XELIS and INEXIA from the RATP and SNCF. Systra's governance has also changed with the creation of Supervisory and Executive Boards. Systra shareholders met on 30th June to appoint a new Supervisory Board under agreements established with the RATP/SNCF : Pierre Mongin was appointed Chairman of the Board and Guillaume Pepy, Vice-President. In addition, the RATP will be represented by Alain Le Duc and Jean-Marc Janaillac, with Pierre Izard and Dominique Thillaud for the SNCF. Henri d'Ambrières (Crédit Agricole) and Alain Grandel (BNP) will represent the investment banks with stakes in Systra. The Board will also include two non-executive Directors, Alain Frybourg (Natixis) and Jean de la Raudière (Société Générale) and two independent Directors, Pascal Poirot and Micheline Bossaert. write your comments about the article :: © 2011 Construction News :: home page |