Groupama chief sacked
Groupama SA has confirmed the departure of chief executive officer Jean Azéma after 11 years as head of the mutual insurer.
According to news agency Reuters, while the insurer's statement only said Mr Azéma had left the group a spokeswoman later confirmed he had been dismissed.
He will be replaced by former managing director of the insurance and banking divisions, Thierry Martel.
The insurer added that with deputy chief executive, Christian Collin, the new team would focus on implementing measures "that will reinforce the solvency of the group while, at the same time, continue to improve its operational profitability
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