Étienne Pflimlin (born 16 October 1941) is a French high-ranking civil servant and banker. He served as the CEO of the

Crédit Mutuel Crédit Mutuel is a French cooperative banking group, one of the country's top five banks with over 30 million customers. It traces its origins back to the German cooperative movement inspired by Friedrich Wilhelm Raiffeisen in Alsace–Lorraine ...

from 1987 to 2010.

Early life

Étienne Pflimlin was born on 16 October 1941 in

Thonon-les-Bains Thonon-les-Bains (; frp, Tonon), often simply referred to as Thonon, is a subprefecture of the Haute-Savoie department in the Auvergne-Rhône-Alpes region in Eastern France. In 2018, the commune had a population of 35,241. Thonon-les-Bains is ...

, Haute-Savoie, France. His father,

Pierre Pflimlin Pierre Eugène Jean Pflimlin (; 5 February 1907 – 27 June 2000) was a French Christian Democrat politician who served as the Prime Minister of the Fourth Republic for a few weeks in 1958, before being replaced by Charles de Gaulle during the ...

, was a politician. Pflimlin graduated from the

École Polytechnique École may refer to: * an elementary school in the French educational stages normally followed by secondary education establishments (collège and lycée) * École (river), a tributary of the Seine flowing in région Île-de-France * École, Savoi ...

Sciences Po , motto_lang = fr , mottoeng = Roots of the Future , type = Public university, Public research university''Grande école'' , established = , founder = Émile Boutmy , a ...

and the

École nationale d'administration The École nationale d'administration (generally referred to as ENA, en, National School of Administration) was a French ''grande école'', created in 1945 by President of France, President Charles de Gaulle and principal author of the Constitu ...

(ENA).

Career

Pflimlin started his career as a high-ranking civil servant. He worked for Prime Minister

Pierre Messmer Pierre Joseph Auguste Messmer (; 20 March 191629 August 2007) was a French Gaullist politician. He served as Minister of Armies under Charles de Gaulle from 1960 to 1969 – the longest serving since Étienne François, duc de Choiseul under L ...

in 1973 and Culture Minister

Michel d'Ornano Michel d'Ornano (12 July 1924 – 8 March 1991) was a French politician. A descendant of both Marie Walewska and Philippe Antoine d'Ornano, he began his political career as mayor of Deauville in 1962. He served as president of the General ...

in 1977. He subsequently worked for the

Court of Audit A Court of Audit or Court of Accounts is a Supreme audit institution, i.e. a government institution performing financial and/or legal audit (i.e. Statutory audit or External audit) on the executive branch of power. See also *Most of those in ...

. Pflimlin joined the

, a French mutual bank, in 1984. He succeeded Théo Braun as its CEO in 1987, retiring in 2010. He argued that shareholders were a critical part of mutual banking, and that the industry would be over if shareholders stopped being engaged. He earned 630,141 Euros in 2010, 600,000 of which was his net salary. He was succeeded by Michel Lucas. Pflimlin was elected to the board of the

International Co-operative Alliance The International Co-operative Alliance (ICA) is a non-governmental co-operative federation or, more precisely, a co-operative union representing co-operatives and the co-operative movement worldwide. It was founded in 1895 to unite, represent an ...

in 1994. He has served on the board of directors of

FIMALAC FIMALAC (known as Financière Marc de Lacharrière) is a French holding company focusing on credit rating and risk management companies. It manages commercial real estate through North Colonnade Ltd, and private equity funds through its subsidiar ...

, a credit rating and risk assessment company, since 2006. Pflimlin first met Ladreit as a student at the ENA. Pflimlin became a Commander of the

Legion of Honour The National Order of the Legion of Honour (french: Ordre national de la Légion d'honneur), formerly the Royal Order of the Legion of Honour ('), is the highest French order of merit, both military and civil. Established in 1802 by Napoleon, ...

in 2012.

Personal life

Pflimlin is married to Sophie, an editor, and he has two children, Edouard and Thomas. He resides in

Strasbourg Strasbourg (, , ; german: Straßburg ; gsw, label=Bas Rhin Alsatian, Strossburi , gsw, label=Haut Rhin Alsatian, Strossburig ) is the prefecture and largest city of the Grand Est region of eastern France and the official seat of the Eu ...

with his family.

References

Living people 1941 births People from Thonon-les-Bains Businesspeople from Strasbourg École Polytechnique alumni Sciences Po alumni École nationale d'administration alumni French bankers French corporate directors Commandeurs of the Légion d'honneur {{France-business-bio-stub