Guillaume Pepy, former CEO at the SNCF, will "be proposed to be chair the new board directors" of Orpea. This was announced by the private retirement home group on Sunday evening.
At the general meeting of shareholders on July 28, the independent appointments of Guillaume Pepy (current Chairman of Initiative France), Isabelle Calvez (Director of Human Resources for Veolia Group), John Glen (Chairman of the Board of Directors of BICSA until May) and David Hale (Ceo Executive Officer of Guerbet Group) will be put to the ballot. Guillaume Pepy will be "proposed" to the presidency the new board. Laurent Guillot who spent a significant part of his career at Saint-Gobain, and has been CEO of Orpea from Friday, will be also proposed to the new board of directors at the general meeting.
Philippe Charrier was the chairman of the board of directors prior to the scandal and "provisionally assumed general management of Orpea between February 2022 and June 2022". He "chosen" to end his mandate as director at each meeting.
Orpea, the French multinational of private and retirement homes, is in turmoil following the January publication of "Les Fossoyeurs", an investigative book that documents mistreatment of residents, accounting fraud, and other questionable administrative and human resource practices.
A March report was sent to the justice department. In April, the government opened a preliminary investigation into institutional mistreatment and financial offenses. Investigators are currently investigating more than 40 complaints. The majority were filed in April by relatives of residents of nursing homes. They accuse Orpea both of "endangering lives" and "manslaughter".
Since then, the Orpea share prices have plummeted and the scandal has followed. They dropped from 86 euro at the beginning of January to 22 euros at June.