Age, Biography and Wiki

Patrick Kron was born on 26 September, 1953 in Paris, France, is a French businessman. Discover Patrick Kron's Biography, Age, Height, Physical Stats, Dating/Affairs, Family and career updates. Learn How rich is he in this year and how he spends money? Also learn how he earned most of networth at the age of 70 years old?

Popular As N/A
Occupation CEO of Alstom (2003-2016)
Age 70 years old
Zodiac Sign Libra
Born 26 September, 1953
Birthday 26 September
Birthplace Paris, France
Nationality France

We recommend you to check the complete list of Famous People born on 26 September. He is a member of famous CEO with the age 70 years old group.

Patrick Kron Height, Weight & Measurements

At 70 years old, Patrick Kron height not available right now. We will update Patrick Kron's Height, weight, Body Measurements, Eye Color, Hair Color, Shoe & Dress size soon as possible.

Physical Status
Height Not Available
Weight Not Available
Body Measurements Not Available
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Dating & Relationship status

He is currently single. He is not dating anyone. We don't have much information about He's past relationship and any previous engaged. According to our Database, He has no children.

Family
Parents Not Available
Wife Not Available
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Children Not Available

Patrick Kron Net Worth

His net worth has been growing significantly in 2023-2024. So, how much is Patrick Kron worth at the age of 70 years old? Patrick Kron’s income source is mostly from being a successful CEO. He is from France. We have estimated Patrick Kron's net worth, money, salary, income, and assets.

Net Worth in 2024 $1 Million - $5 Million
Salary in 2024 Under Review
Net Worth in 2023 Pending
Salary in 2023 Under Review
House Not Available
Cars Not Available
Source of Income CEO

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Timeline

1940

Kron is the son of Polish-Jewish immigrants who survived the Nazi concentration camps and detention at the end of the 1940s, when they moved to France.

Patrick Kron started his education after high school at Collège-lycée Jacques-Decour as a young boy at the elite university École Polytechnique in Paris, and attended the École Nationale Supérieure des Mines.

1953

Patrick Kron (born 26 September 1953) was the chairman and chief executive (Président-directeur général) of the French engineering conglomerate Alstom.

Alstom is most well known for its TGV trains, and is headquartered at Saint-Ouen.

1979

He started his career at the French Ministry of Industry (Minister of the Economy, Finances and Industry, the Ministère de l'Économie, des Finances et du Commerce extérieur), where he worked from 1979 to 1984.

From 1979 to 1983 he was stationed at the Direction régionale de l'Industrie, de la Recherche et de l'Environnement (DRIRE) in the Pays de la Loire.

1984

From 1984 to 1997 he worked for Pechiney, becoming president of the Electrometallurgy Division, and later chairman of the board of the Carbone Lorraine Company from 1993 to 1997.

2003

He became chief executive of Alstom on 1 January 2003.

He became chairman of Alstom on 11 March 2003.

While under Kron’s leadership, Alstom was investigated by the United States Department of Justice and ultimately agreed to pay a $772 million fine.

Some mid-level Alstom executives were arrested in the United States, and then either enrolled as FBI informants in the company, or jailed as part of that investigation, such as Frédéric Pierucci.

This forced Kron to warn his other executives not to travel to the United States to avoid such fate.

2004

He was awarded the Légion d’honneur (Legion of Honour) on 30 September 2004 and became an Officer of National Order of Merit (Ordre national du Mérite) on 18 November 2007.

2015

In 2015, General Electric acquired Alstom’s power generation and transmission businesses; following the completion of that transaction, Kron retired as Alstom’s CEO.

The transaction was heavily criticized in France, as many in the French government considered the assets that were sold as strategic.

France had initially blocked General Electric's acquisition of Alstom.

But after Arnaud Montebourg's resignation as Minister of the Economy and Finance, he was replaced by Emmanuel Macron, who relented and approved the sale.

Pierucci was released on bail during the same week of the purchase.

The affair is frequently presented in France as an example of hostage diplomacy and economic warfare by the United States government to favor large companies in commercial transactions.

Indeed, the deal included the stipulation that General Electric would bare the responsibility for Alstom's judicial troubles in the United States, but the DoJ fined the remaining French leftover of Alstom anyway in December that year.

Kron maintains that the controversial transaction was done for purely commercial reasons.

As evidence, Kron points to General Electric's share price drop following the acquisition of Alstom's unprofitable assets, while Alstom recorded higher profits since the transaction.

2016

In 2016, he started the international consulting firm PKC&I, and became Chairman of Truffle Capital, a venture capital firm focused on BioMedTech and FinTech & InsureTech.

He also sits on the Board of Directors of listed companies (Sanofi, LafargeHolcim) and of a non-listed company (SEGULA Technologies).

2019

Since June 2019, he is Chairman of the Board of Directors at Imerys.