Frédéric Oudéa

Frédéric Oudéa (born 3 July 1963) is a French businessmann who currently serves as CEO of Société Générale[2][3] and as president of the European Banking Federation.[4]

Frédéric Oudéa
Frédéric Oudéa (center)
Born
(1963-07-03) 3 July 1963
Paris, France[1]
NationalityFrench
EducationLycée Louis-le-Grand
Alma materÉcole Polytechnique
École nationale d'administration
OccupationCEO Société Générale
Spouse(s)Amélie Castéra
Children5

Early life and education

Oudéa grew up in Paris. His father Paul was a respected medical professor but died when Frederic was 13. Oudéa reportedly became the man of the family, taking care of his two younger brothers. Though he originally planned to be a surgeon, as his fore-bearers were all doctors, he opted instead to attend the Lycee Louis-Le-Grand to study engineering. He then went to the Ecole polytechnique, then to the École nationale d'administration. During his stint here, he took time to backpack through Canada, Nepal, and Burma, a trip he went on with Stéphane Richard.[5]

Career

Career in the public sector

After his education at École Polytechnique and École nationale d'administration[6] in France, Oudéa worked in the economic sector of the French civil service from 1987 until 1995. His work at this time included working as Technical Adviser in the office of Nicolas Sarkozy, then Minister of Budget and Communication in 1993.[7] He also worked in a number of other government offices including the audit department of the ministry of finance, the ministry of economy and finance, the budget ministry, and the cabinet of the ministry of treasury and communication. According to one report, the highlight of his career in the service was in 1993 his time with Sarkozy.[8]

Career at Société Générale

Oudéa joined Société Générale in 1995 after being recruited by the then CEO Daniel Bouton and has worked in various positions within the bank since that time, in Paris and London. His first role was as deputy head of the bank’s corporate banking division in London, where he later became head. In 1998, he was appointed to head the group’s global supervisory arm and was in charge of development of the equities division.[8] He then served as deputy CFO and CFO of the bank from 2002 until May 2008 when he took up his current position of CEO.[1][9][10]

In November 2014, Oudéa was elected as the president of the European Banking Federation for a two-year term, effective 1 January 2015, succeeding Christian Clausen, president and CEO of Nordea Bank, who had served two years consecutively in the role.[4]

During his first years in office, Oudéa came under pressure from investors and analysts due to the bank’s poor performance.[11] In 2019, the bank announced a cost reduction plan, which included cutting 1,600 jobs. That same year, Société Générale shareholders voted to give Oudéa another four-year term.[12]

Other activities
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gollark: Most lisps don't, although it's probably *possible*, although maybe it would ruin some of their lispocity.
gollark: https://janet-lang.org/
gollark: Janet is a lisp.
gollark: If minoteaur™ is to obtain scripting for bizarre reasons it will likely be either janet or lua-based.

References
  1. Quiet man slips into SocGen top job Archived 4 January 2013 at Archive.today April 2008, Reuters
  2. "Frédéric Oudea". Bloomberg Link. Archived from the original on 3 December 2012. Retrieved 11 March 2013.
  3. Ulrike Mayrhofer Management of Multinational Companies: A French Perspective - 2012 "He had to step down and give up his function as a general manager, to remain 'only' President of the Board, Frédéric Oudéa, becoming General Manager and taking over the operational management of Société Generale."
  4. "Société Générale : Frédéric Oudéa est élu Président de la Fédération bancaire européenne". Boursier.com. 18 November 2014. Retrieved 25 November 2014.
  5. "How Frédéric Oudéa Came To Oversee One Of France's Largest Banks". Business Insider. 4 October 2012. Retrieved 20 December 2013.
  6. Prosser, David (4 November 2010). "The business on: Frederic Oudea, Chief executive, Société Générale". London: The Independent. Retrieved 4 February 2013.
  7. The CV of Frederick Oudéa Challenges.fr (Google translate)
  8. "Frédéric Oudéa". EuropeanCEO.com. 13 January 2013. Retrieved 20 December 2013.
  9. Frederic Oudea Bloomberg profile
  10. UPDATE 1-SocGen promotes CFO Oudea to post of deputy CEO 17 Mar 2008 Reuters India
  11. Matthieu Protard (April 11, 2019), France's Caisse des Depots will vote to renew SocGen's Oudea Reuters.
  12. Inti Landauro (May 21, 2019), SocGen shareholders renew CEO Oudea for four-year board term Reuters.
  13. Board of Directors Capgemini.
Business positions
Preceded by
Daniel Bouton		 CEO of Société Générale
2009–present		 Succeeded by
Incumbent
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