The CEO of France Telecom will keep their charge

The Board of the company maintains the Executive in his Office after the support shown by the French President.

The French State, the maximum the teleco shareholder, supports the Executive, that will keep the charge despite found in the middle of a judicial investigation.

Last week Justice pointed to Stéphane Richard, CEO of the operator after the Orange brand, by its possible involvement in the case Tapie, that investigates the role of the State in alleged illegal compensation from the employer. Richard was one of the first swords from the Finance Department during the tenure of Nicolas Sarkozy.

French President Francois Hollande has publicly expressed support for Richard until justice is pronounced. The Board of Directors of the operator will follow the example of the head of the French Government and will keep Richard in the position of CEO.

The French State has a share of 27% in France Telecom, which is the biggest operator in the country. The teleco is present in Spain through Orange.

Workers, who have 5% of the shares of the company, have also shown their support to Richard. Reactions among Union officials however have been in some cases contrary to the maintenance of the Executive, according to Bloomberg.