New chief for Gefco

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Gefco has appointed Luc Nadal, currently freight transport and logistics director, as its new chief executive officer, replacing Yves Fargues who has decided to retire.

[asset_ref id=”1667″] Luc Nadal

Nadal has worked in consultant and managerial roles for firms such as Fret SNCF, Naviland Cargo, MENSIA Conseil, and Arthur Andersen.

Fargues will become non-executive chairman of the company when he steps down as CEO.

[asset_ref id=”1668″] Yves Fargues

In February, Gefco’s parent company PSA Peugeot Citroen announced plans to sell a stake in business, as part of an asset disposal programme to raise 1.5 billion euros.

There have been press reports that half a dozen private equity firms are interested in bidding for the company.

 

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