The younger Rothschild takes over from his father, David de Rothschild, who will become chairman of the supervisory board in a set of changes announced yesterday.
Paris-based Rothschild & Co is reshuffling its boardroom leadership, with a father-to-son succession at the dynastic banking group.
It has elected Alexandre de Rothschild, 37, as executive chairman of Rothschild & Co Gestion, Rothschild & Co’s managing partner. He is due to take the reins from David de Rothschild, who moves to become chairman of the supervisory board, taking over from another family member, Eric de Rothschild. That board will also be asked to approve Eric de Rothschild and Adam Keswick as vice chairmen of this board.
The election is subject to shareholder approval at the 17 May annual shareholders’ meeting, Rothschild & Co said in a statement yesterday.
The board of directors of the family holding company Rothschild Concordia, Rothschild & Co’s major shareholder, will appoint Eric de Rothschild as chairman of Rothschild Concordia to replace David de Rothschild, who will remain a member of the board of Rothschild Concordia.
David de Rothschild said: “This change in leadership at Rothschild & Co has been carefully prepared over time. Alexandre, with 15 years of experience, has demonstrated deep knowledge of all our businesses and his ability to build relationships.
Rothschild & Co issues Q1 financial results on 15 May.