Pierre-Andre de Chalendar, chief executive of French construction material maker Compagnie de Saint-Gobain SA (SGO.FR), will replace French businessman Claude Bebear as board member of France's largest bank by market capitalization BNP Paribas SA (BNP.FR), financial news website Wansquare reported Monday.

Claude Bebear, 77, will retire from the BNP Paribas' board in a few days, Wansquare said, without citing any source. The board position was first offered to the CEO of France's largest insurer AXA SA (CS.FR), Henri de Castries, who rejected it, Wansquare reported.

Bebear remains on the boards of Vivendi SA (VIV.FR) and Schneider Electric (SU.FR), Wansquare, which belongs to Le Figaro newspaper, added.

Officials at BNP Paribas weren't immediately available for comment.

Newspaper Web site: http://www.wansquare.com

-By Paris Bureau, Dow Jones Newswires; 33-1-4017 1740; inti.landauro@dowjones.com

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