PARIS, July 3 French energy group GDF Suez
chairman and chief executive Gerard Mestrallet has
asked the government to extend his mandate by one year but
President Francois Hollande is not in favour of this, financial
daily Les Echos reported on Thursday.
The paper said Mestrallet had also proposed the firm's chief
financial officer Isabelle Kocher as his eventual successor in
the chief executive role.
"We respect all rules of good governance," a GDF Suez
spokesman said but declined further comment.
Nobody was available for comment at the government or at the
Mestrallet, 65, has run GDF Suez since the 2008 merger
between state-owned gas firm Gaz de France and water and waste
At the end of April 2012, the company's shareholders renewed
his mandate for four years and increase the age limit for the
role to 67 from 65. A further year at the top of the company
would require the age limit to be raised again to 68. At the end
of his current term in April 2016, Mestrallet - born April 1,
1949 - will be 67.
The French state is GDF Suez's leading shareholder with a
(Reporting by Geert De Clercq; Editing by Andrew Callus)