After 31 years at the head of the Bouygues group’s general management, Martin Bouygues has announced that he will be leaving his post. However, he retains the presidency.
Martin Bouygues leaves the general management of Bouygues
31 years after taking over from his father in 1989 as general manager of the Bouygues group, Martin Bouygues announced Thursday, February 18, that he was stepping down from his post of CEO. The announcement came on the occasion of the publication of the group’s annual results. Martin Bouygues will however retain his post of chairman.
The current Deputy Chief Executive Officer Olivier Roussat will succeed him as Chief Executive Officer. The deputy general management will be occupied by a pair made up of Pascal Grangé and Edward Bouygues, eldest son of Martin Bouygues.
Bouygues results down in 2020
In parallel with this announcement, the annual results of the Bouygues group were published on Thursday, February 18, 2021. In 2020, the Bouygues group recorded a 9% drop in turnover. The latter reached 34.7 billion euros in 2020, its current operating income also fell to 1.22 billion euros against 1.67 billion euros in 2019.
The health crisis put a brake on the group’s activities, particularly at the level of Bouygues construction and Bouygues Immobilier, which were shut down during the first confinement in March 2020. The second half of 2020 saw an almost normal return to the group’s activity, allowing it to raise the bar by 0.8 points compared to the first half.
In its press release, the group estimates that the year 2021 will see results ” much higher than those of 2020, without reaching the level of 2019 “. Martin Bouygues congratulated the group which “ In a difficult context of health crisis, the group has shown itself to be agile, responsible and resilient “.