Overview

• The board meeting on June 19 saw the state ask Farandou to continue as interim CEO until autumn 2025.
• His term, originally slated to end after the Paris Olympics and capped by a July 4 age limit, has been extended due to delayed succession planning.
• Under his leadership since 2019, SNCF has recorded four consecutive years of profit, including €1.6 billion in 2024, and maintained debt at around €25 billion.
• No successor has been named since the National Assembly’s dissolution, with contenders including Jean Castex, Xavier Piechaczyk and Marie-Ange Debon.
• The next CEO will need to oversee the introduction of new TGV trains and manage rising competition on regional TER lines expected by 2030.