T
HE PRACTICE of elevating a company’s chief executive to chairman has come to be frowned upon, if only because a new boss often struggles to break free if her predecessor is looking over her shoulder. Not so at Amundi, Europe’s biggest money manager. In May Yves Perrier, its
CEO since 2010, will move upstairs and Valérie Baudson, his current deputy, takes the helm as chief executive. Shareholders have reacted to the news rather well: Amundi’s share price has risen by 11% since it was announced in February.
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