February 25, 2010 / 12:56 PM / 8 years ago

Sarkozy to oust Areva CEO Lauvergeon - Wansquare

PARIS, Feb 25 (Reuters) - French President Nicolas Sarkozy has decided to oust Anne Lauvergeon, chief executive of French nuclear reactor maker Areva CEPFi.PA, Wansquare website reported on Thursday.

The president plans to use cost overruns relating to the delayed construction of its first third-generation reactor in Finland as the pretext for terminating Lauvergeon’s contract, Wansquare said, citing sources close to the president.

Areva declined to comment. The president’s office would not comment.

Areva shares were down 1.7 percent at 326 euros by 1245 GMT. (Reporting by James Regan and Emmanuel Jarry; Editing by Dan Lalor)

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