French Prime Minister hires Zodiac Aerospace executive Ribadeau-Dumas

Reuters

16 May 2017 at 1:56 am

Edouard Philippe, France's newly-appointed Prime Minister, poses prior to taking part in the prime time news broadcast of French TV channel TF1, in their studios in Boulogne-Billancourt, near Paris, France, May 15, 2017. REUTERS/Christophe Archambault/Pool

PARIS (Reuters) - New French Prime Minister Edouard Philippe has hired Benoît Ribadeau-Dumas, a leading executive at Zodiac Aerospace, to become his chief of staff, the company said on Tuesday. Zodiac, which is trying to merge with French peer Safran, said in a statement it hoped to name Ribadeau-Dumas' successor soon. The planned $9 billion deal between Safran and Zodiac has come under attack from some shareholders, such as activist investor TCI Fund Management which wants the deal cancelled, following profit warnings issued by Zodiac. (Reporting by Sudip Kar-Gupta)

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