BNP Paribas chairman Prot to leave bank, board meets Friday: sources

Wed Sep 24, 2014 6:05am EDT
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PARIS (Reuters) - Baudouin Prot, Chairman of BNP Paribas (BNPP.PA: Quote) since 2011, is to leave the French bank and the board is due to meet on Friday to choose a successor, two sources close to the situation said on Wednesday.

One of the sources said Jean Lemierre, an adviser to the bank since 2008 who was a key negotiator with U.S. authorities over its $8.9 billion fine this year for sanctions busting, is a potential successor.

"It was a personal decision," said a second source of Prot's move, confirming recent press reports. "After more than 30 years with the bank, he wants to take a step back."

Prot's mandate as chairman was renewed earlier this year and had been due to run until 2017. He joined the bank in 1983.

(Reporting by Matthias Blamont; Writing by Andrew Callus; Editing by Brian Love)

An employee walks behind the logo of BNP Paribas in a company's building in Issy-les-Moulineaux, near Paris, June 2, 2014.   REUTERS/Charles Platiau