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SNCF’s Farandou Extends Interim Tenure as CEO Through Autumn 2025

At the state’s request, he will lead SNCF through autumn 2025 during delayed succession talks.

Le PDG de la SNCF Jean-Pierre Farandou, le 23 février 2023 à La Plaine-Saint-Eenis, en Seine-Saint-Denis
L'ancien Premier ministre Jean Castex, PDG de la RATP, au centre de maintenance de Bobigny, le 14 février 2025
Jean-Pierre Farandou a ramené les finances de l'entreprise dans le vert avec un bénéfice historique de 2,4 milliards d'euros en 2022 et à nouveau 1,3 milliard en 2023
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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.