Word: lauvergeon
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...giant is scrambling not just to rectify a series of snafus at a high-profile reactor it's building in Finland, but also to raise more than $10 billion in new capital and weather the loss of an important industrial partner. All that has raised concerns that CEO Anne Lauvergeon - who fused a disparate collection of firms into the first one-stop-shop nuclear conglomerate, winning plaudits and the nickname "Atomic Anne" along the way - has dangerously overreached. "Areva had built a big lead and a lot of momentum coming into this nuclear renaissance, but the various problems...
...Luckily for Areva, it retains a handy lead over its rivals. Created in 2001 when Lauvergeon combined state-owned uranium-mining and fuel-recycling company COGEMA with nationalized reactor builder Framatome, Areva is still the first place that countries or power companies go when looking for all of their nuclear services - supplying and enriching uranium, building and managing plants, disposing of their waste - under a single roof. The Paris-based firm operates in more than 100 countries and employs some 75,000 people. Its order book boasts an impressive $67.5 billion worth of contracts, the most in the business...
...that has helped Areva become a world leader in the nuclear field, providing one-stop shopping with construction, management, maintenance, waste and storage solutions. Under president Anne Lauvergeon, the firm has been an aggressive player everywhere from China to Britain and a formidable rival to American companies General Electric and Westinghouse even on American turf. However, news of nuclear incidents anywhere on the planet - particularly in Areva's own backyard - tends to squelch the appeal of nuclear power, record oil prices...
...Karoui Math Professor Few postgraduate degrees have the cachet of one earned under her aegis at the Ecole Polytechnique or the Université Pierre-et-Marie-Curie (Paris VI). Banks snap up her students, who have mastered the probability equations that hedge funds need to model portfolios. Anne Lauvergeon CEO, Areva Group A former Mitterrand acolyte, she negotiated the 2001 merger of state-owned firms to create the world's biggest builder of nuclear power plants. Reappointed this summer for five more years, she vows to make nukes a clean, safe choice for the post-oil future. Muriel Mayette Head...
...world's electricity generation, to 30% of the total, the number of new nukes would be somewhere between 1,200 and 1,500. That may be wishful thinking, but for now Areva is convinced it's in the right place at the right time--regardless of whether Lauvergeon wins her battle to privatize the firm...