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.