Investing.com -- Alstom (EPA:ALSO), the French train manufacturer, announced on Friday that its CEO, Henri Poupart-Lafarge, has decided not to seek a fourth term.
He will relinquish his role at the conclusion of his current mandate.
Poupart-Lafarge will continue to serve in his position until the 2027 annual general meeting or until his successor is appointed, as per the company’s statement.
To facilitate a smooth transition, Alstom’s board of directors has initiated a process to identify a new CEO.
The search for a successor is underway, the company confirmed in its statement.
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