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Following a recommendation by the Permanent Head of the Treasury, Francis Mer, the Minister of the Economy, Finance and Industry, has appointed Bertrand de Mazières as Chief Executive of Agence France Trésor with effect from November 24, 2003. He succeeds Sylvain de Forges, who has joined the Veolia group as manager of financial operations. Bertrand will be assisted by Benoît Coeuré, deputy Chief Executive.