France Telecom says Richard to stay as CEO

PARIS, June 17 Mon Jun 17, 2013 11:39am EDT

PARIS, June 17 (Reuters) - France Telecom's executive board agreed on Monday to keep Stephane Richard as the company's chief executive despite his being put under investigation for fraud allegedly committed during his time as a top government aide.

The board of France Telecom, which has rebranded itself as Orange, said in a statement that it had decided to "renew its full confidence in Stephane Richard." Richard denies all wrongdoing.