Bold, not bullish

Frédéric Lemoine embraced a tough challenge when he took over as chief executive at Paris-listed investment group Wendel Investissement earlier this year. Having invested aggressively during the boom, the firm has been hit by poor performance at certain portfolio companies, a declining share price and a credit rating downgrade. As he goes about seeking to restore the firm's fortunes, Lemoine can see a profitable – and less controversial – future