Olivier Gavalda Takes Over as Crédit Agricole CEO After Annual Shareholder Meeting

Olivier Gavalda took office as chief executive officer of Crédit Agricole S.A. following the French banking group's annual shareholder meeting on 14 May 2025, completing a leadership transition that the board had approved the previous December. Gavalda succeeds Philippe Brassac, who led the group for ten years before stepping down.

The appointment was approved by the Board of Directors of Crédit Agricole S.A., chaired by Dominique Lefebvre, on the recommendation of its Appointments and Governance Committee.

GAVALDA'S BACKGROUND

Gavalda was previously one of Crédit Agricole's deputy chief executives, in charge of Universal Banking from 2022, having previously been chief executive of Crédit Agricole Ile-de-France and head of the group's Regional Banks division. His appointment as successor was announced in December 2024.

BRASSAC'S TENURE

Crédit Agricole was designated a global systemically important bank throughout Brassac's tenure.