Since his appointment as the head of SNCF in November 2019, Jean-Pierre Farandou has taken the reins of one of the largest rail networks in the world during a time of profound transformation. His record at the helm of SNCF raises as many expectations as questions. Between ongoing reforms, changing mindsets, and managing the health crisis, what have been his actions and their impacts on the company and train users?
A Leadership Marked by Financial Recovery
Jean-Pierre Farandou, at the head of SNCF since 2019, has overseen a remarkable financial turnaround for the company. Thanks to a clever strategy and significant state support, SNCF’s revenue surged by 20% over four years, reaching 42 billion euros in 2023. Net income also experienced impressive growth, rising from -300 million to +1.3 billion euros. Additionally, operational cash flow, which was negative at -2.3 billion euros, made a spectacular recovery to reach +2.5 billion euros.
Modernization and New Rail Pact
Under Farandou’s leadership, SNCF introduced a new rail pact smoothly while reestablishing dialogue with the teams. This major change improved internal relations and fostered a work atmosphere more conducive to reforms. Farandou’s approach has been methodical and inclusive, allowing for a smooth transition despite significant transformations.
Commitment and 100 Billion Euro Plan
Jean-Pierre Farandou has not only focused his efforts on finances and internal relations. He has also been at the forefront of an ambitious 100 billion euro plan to modernize and strengthen the French rail network. This initiative, taken up by Prime Minister Élisabeth Borne, aims to make rail transport more sustainable and efficient while contributing to the national economy.
Social Agreements and Union Negotiations
One of Farandou’s latest major initiatives was to successfully conduct a complex negotiation with unions regarding the support for career endings. Although this agreement did not gain unanimous support, notably in Bercy, it illustrates Farandou’s ability to manage sensitive issues with tact and diplomacy.
Significant Achievements in Figures
To summarize Jean-Pierre Farandou’s main successes at the head of SNCF, we can cite:
- 20% increase in revenue between 2019 and 2023
- Net income increase from -300 million to +1.3 billion euros
- Operational cash flow improvement from -2.3 billion to +2.5 billion euros
- Successful implementation of the new rail pact
- Promotion and adoption of a 100 billion euro plan for rail transport
Jean-Pierre Farandou will leave the presidency of SNCF after the Olympic Games, leaving behind a legacy of transformation and financial, social, and technological modernization. He has not only put the company’s financial ship back on course but has also laid the foundations for a more prosperous future for the French rail network.
