SBM's board and Bernard Lambert made a joint decision to end his term as CEO, a post he's held since 12 February 2002.
The Board has passed the reins to Jean-Louis Masurei.
Bernard Lambert quitte la direction de la Société des Bains de mer | Nice-Matin [1]
Links:
[1] http://www.nicematin.com/article/derniere-minute/monaco-bernard-lambert-quitte-la-direction-de-la-societe-des-bains-de-mer