New Head For Annecy 2018

Annecy 2018 has a new head. French businessman Charles Beigbeder was chosen Friday to lead Annecy’s bid for the 2018 Winter Olympic Games.

Edgar Grospiron resigned last month as leader of Annecy’s bid saying he wasn’t given enough money to compete with Munich and PyeongChang, Annecy’s two competitors for the 2018 Winter Games.

Christian Monteil, head of the Annecy supervisory board, told The Associated Press that Beigbeder was nominated as a replacement and accepted the offer.

Monteil discussed the nomination Friday with France’s sports minister, Chantal Jouanno, who told reporters “this candidacy has my support” and that of the presidential palace.

Jouanno said the bid would benefit from being led by an accomplished entrepreneur, adding that Beigbeder’s appointment would be formalized Monday.

The Associated Press reports Beigbeder is a prominent entrepreneur in France who founded Poweo in 2002, the first challenger to state-owned electric monopoly EDF, in a bid to open the sector up to more competition. He also founded one of France’s first online brokerages, SelfTrade, and serves on the board of France’s business lobby Medef.

Annecy 2018 is to submit its official bid book next week to the International Olympic Committee (IOC), and the IOC evaluation commission will visit the venues in February.