Edouard Michelin, the head of the French tyre maker, has died in a boating accident aged 42.
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According to Reuters, Michelin died in Brittany while on a fishing trip. The precise nature of the accident is unclear.
Michel Rollier, managing partner of the Michelin Group, has assumed Michelin’s responsibilities and in a statement said: “the tragic death, Friday last, of Mr Édouard Michelin is a trauma for all of us. My most profond thoughts are for his wife and their children and to François Michelin, who was very close to him.
“Pursuant to Michelin’s governing by-laws, as of today, I am assuming the full responsibilities as the head of Michelin. Our strategic orientations are clear. They remain unchanged.”
Reuters said that Michelin was regarded as one of France’s leading business executives and his death cast a particular shadow at a time when France has been going through a crisis of confidence amid political scandals and disagreement over economic reform.
Edouard Michelin succeeded his father Francois Michelin as head of Michelin in 1999. He leaves a wife and six children.
