Trouble at Rhodia with ‘loss’ of CFO


Rhodia, the troubled French chemicals company that issued E1bn of debt in May, is believed to be losing its CFO. The loss-making company’s CEO, Jean-Pierre Tirouflet, resigned at the start of October, and after CFO Pierre Prot failed to attend a corporate bond conference on October 10, it is thought that Prot will also part company with the firm.

Prot, who was scheduled to address 120 investors in Paris at a seminar hosted by high-yield investor Muzinich, cancelled at very short notice. Accor

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