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| EDF Energy's Vincent de Rivaz to step down after winning Hinkley battle | EDF Energy's Vincent de Rivaz to step down after winning Hinkley battle |
| (13 days later) | |
| The man who helped secure Britain’s first new nuclear power station in a generation will step down as chief executive of EDF Energy in October, marking the end of a 15-year tenure. | The man who helped secure Britain’s first new nuclear power station in a generation will step down as chief executive of EDF Energy in October, marking the end of a 15-year tenure. |
| Vincent de Rivaz is the longest-serving CEO among the heads of the UK’s big six energy suppliers and will be replaced on 1 November by Simone Rossi, who leads the company’s international division. | Vincent de Rivaz is the longest-serving CEO among the heads of the UK’s big six energy suppliers and will be replaced on 1 November by Simone Rossi, who leads the company’s international division. |
| The outgoing chief executive led EDF’s successful but often torturous efforts to clinch a subsidy deal with the government for nuclear reactors at Hinkley Point C in Somerset. He also oversaw its acquisition of Britain’s ageing nuclear infrastructure in 2008. | The outgoing chief executive led EDF’s successful but often torturous efforts to clinch a subsidy deal with the government for nuclear reactors at Hinkley Point C in Somerset. He also oversaw its acquisition of Britain’s ageing nuclear infrastructure in 2008. |
| De Rivaz did not say why he was stepping down, but it is understood that he was satisfied after getting the much-maligned and heavily delayed Hinkley contract over the line. | De Rivaz did not say why he was stepping down, but it is understood that he was satisfied after getting the much-maligned and heavily delayed Hinkley contract over the line. |
| He has been at the French state-owned company for nearly 40 years. In a message to staff, De Rivaz said that during his leadership: “I have no doubt that at the same time we will have strengthened even more our confidence in our future”. | He has been at the French state-owned company for nearly 40 years. In a message to staff, De Rivaz said that during his leadership: “I have no doubt that at the same time we will have strengthened even more our confidence in our future”. |
| He said a decision on him leaving was made several months ago, but an announcement had been deferred until a successor was in place. De Rivaz promised staff he would ensure a “a seamless handover”. | He said a decision on him leaving was made several months ago, but an announcement had been deferred until a successor was in place. De Rivaz promised staff he would ensure a “a seamless handover”. |
| Rossi, an Italian who joined EDF as chief financial officer in 2011, will face the Herculean task of ensuring the reactors at Hinkley are delivered by 2025. | Rossi, an Italian who joined EDF as chief financial officer in 2011, will face the Herculean task of ensuring the reactors at Hinkley are delivered by 2025. |
| Projects in Finland and France utilising the same reactor design have run hugely over budget and behind schedule. | Projects in Finland and France utilising the same reactor design have run hugely over budget and behind schedule. |
| On Monday, the new French ecology minister, Nicolas Hulot, said France would be closing some of its nuclear power stations to meet a goal of reducing the country’s reliance on nuclear from 75% to 50% of energy generation. | On Monday, the new French ecology minister, Nicolas Hulot, said France would be closing some of its nuclear power stations to meet a goal of reducing the country’s reliance on nuclear from 75% to 50% of energy generation. |
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| Hinkley Point C | Hinkley Point C |
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| Energy | Energy |
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