On 4 July, Jean-Paul Bailly presented the strategic directions, financial projections and  work programmes to the Board of Directors for the coming years at Le Groupe La  Poste. The Board of Directors and shareholders took note of the Group's strategic  project and the financial outlook as well as the deepening of the work areas and their  schedule.

The priorities will be developed and implemented immediately over coming five  years, that is to say far beyond Jean-Paul Bailly's current term of office which is set to end in November 2014.

"I have received unanimous approval from the public authorities and shareholders to  put an end to my current term of office in a few weeks due to personal and family- related reasons and with the intention of leaving my successor all of the scope, time  and freedom required to carry out the Group's strategic project with the full support of the management team and every single postman", stated Jean-Paul Bailly.

"Such a decision has also been made to ensure a quick, smooth and professional  transition and therefore avoid leaving the Group in a state of limbo which inevitably  happens in the few months before a term of office comes to an end."

The board of Directors praised the action taken by Jean-Paul Bailly and congratulated  him on his 11-year term of office which not only gave Le Groupe La Poste the  opportunity to become a major player in both physical and digital exchange flows, but  also grow as a diversified group operating internationally, ready to take up the major  economic, social and societal challenges of the future.

Source: La Poste