The transition period lasted only six months. Reportedly, Turrini, former head of the Agency for state participation (EPA), will join Altice, the parent company of the operator SFR and holding patrick drahi the telecom tycoon. Mr. Turrini should take office from the second week of January.
Contrary to appearances, the former head of mergers and acquisitions at Vivendi does not reinforces teams identify potential prey from Altice. This function is provided directly by Mr. Drahi, who spent nearly 50 billion euros in the last two years the redemption of various operators.
No, Mr. Turrini just manage regulatory matters and relations with the governments of countries where the Group is present. It will also serve this function lobbyist at SFR, the second largest French operator, bought by Mr Drahi in 2014. Moreover, the office of Mr. Turrini will be located in Paris, while the remaining teams Altice is installed Swiss. Moving to the other side of the Alps have, indeed, made spot for a former high state official.
Bad casting
If Mr. Drahi wished to recruit Mr Turrini, is for its acquired skills and the links established during his time at the head of the EPA, the body that manages the share of the state in 77 companies (EDF, Thales Renault, PSA ...), explains one expert subject. The fact that the competitor Orange is part of the equity portfolio managed by Mr. Turrini can not hurt either.
Appointed by Arnaud Montebourg, the former Minister of Economy, Mr. Turrini is however not stay more than a year at the head of the EPA: differences with Emmanuel Macron, the successor of Mr. Montebourg at Bercy including the EDF-Areva record, had led the two men to separate by mutual agreement in late July 2015. But the protagonists have very quickly said no disagreement on the substance between old énarques, just a matter bad casting: "There was nothing special, it was a mutual decision, everyone agreed that Mr. Turrini did not have the right profile", do we explained to Bercy the time.
This agreement between Mr. Turrini and Mr. Macron could be useful for Mr Drahi group, especially with regard SFR. The minister of the economy would still not digested the conditions in which Michel Combes, Chairman of the operator since August 2015, left Alcatel: the former boss of the equipment had demanded 14 million euros allowances, after only two years of presidency, a social plan and finally the sale of a tricolor flagship Nokia Finnish competitor. After intervention Bercy, M. Combes had received "only" 7 million euros.
