The shareholders intention is to implement the operational, geographic and modal synergies identified, as soon as the deal has been closed, and to foster the rapid emergence of a common corporate culture focused on efficiency, development, and service quality.
Within this context, Veolia Environnement and the Caisse des Dépôts will propose to the governance bodies of their respective subsidiaries and, in due course, to the Boards of Directors of Veolia Environnement and Veolia Transdev, to establish a unified Chief Executive position with full operational responsibility for the new company, and to name Mr. Jérôme Gallot.
Veolia Environnement and Caisse des Dépôts express their thanks to Messrs. Joël Lebreton and Cyrille Du Peloux for their contribution to the merger process, enabling the emergence of a world private-sector leader in sustainable mobility.
The two shareholders reaffirm their ambition of floating the new company on the stock market as soon as conditions permit.
The planned adaptation of the shareholder pact is taking place within the process of consultations with the two companies' employee representative institutions and to approval by the competent governance bodies.
The merger between Veolia Transport and Transdev is also subject to approval by decree after receiving the assent of the Commission des Participations et des Transferts (French Commission on State Shareholdings and Transfers).
Jérôme Gallot, 51, has been Chairman of CDC Entreprises since 2006 and is a member of the Executive Committee of the Fonds Stratégique d'Investissement (Strategic Investment Fund), which exists to provide equity financing for firms with the potential to boost the growth and competitiveness of the French economy. He was previously head of pensions (2003-2006) at the Caisse des Dépôts, and Director-General of Competition Policy, Consumer Affairs and Fraud Control at the French Ministry of the Economy and Finance (1997-2003).
Jérôme Gallot is a graduate of the Ecole Nationale d'Administration and the Institut d'Etudes Politiques de Paris, as well holding a Masters in Law.
