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Yannick Bolloré, succeeds his father as Chairman of Vivendi’s Supervisory Board, and more

Vivendi’s Supervisory Board, which convened following today’s Shareholders’ Meeting, unanimously appointed Yannick Bolloré as itys Chairman, replacing Vincent Bolloré, in his 67th year. The Board confirmed Philippe Bénacin as Vice-Chairman.

Vincent Bolloré, chairing the Board at Vivendi since 2014

Vincent Bolloré holds a Master’s degree in Law and is the Chairman and Chief Executive Officer of the Bolloré Group. He has been Chairman of Vivendi’s Supervisory Board from June 2014 to April 2018.

In 1970, he began his career as a representative at Banque de l’Union Européenne before joining Compagnie Financière Edmond de Rothschild in 1976.

Vincent Bolloré at Global Conference Unesco in 2013. Photo by Copyleft [CC BY 3.0 (https://creativecommons.org/licenses/by/3.0)], from Wikimedia Commons. To watch the original image click here
In 1981, he became Chairman and Chief Executive Officer of the Bolloré Group and its paper business. Under Mr. Bolloré’s management, the group became one of the world’s 500 largest companies. As a listed company, the Bolloré Group holds a strong position in each of its businesses, which are organized into three divisions: Transport and Logistics, Communication and Media, and Electricity Storage. The group also manages a long-term investment portfolio.

Yannick Bolloré succeeds his father in the Chairman position at Vivendi Supervisory Board, but Vincent Bollore’s list of business positions within the companies both at Vivendi annd other business owned by the family is still almost endless.

Other significant changes

The Shareholders’ Meeting appointed Michèle Reiser as a member of the Supervisory Board for a four-year period. It also approved the renewal of the term of office of Philippe Bénacin, Aliza Jabès, Cathia Lawson-Hall and Katie Stanton for the same period.

The Supervisory Board still counts 12 members: six men and six women, including the member representing the Group’s employees and one representative of the Group’s employee shareholders. Six Directors are independent.

Dominique Delport (former Global Managing Director , Havas and now Chief Revenue Officer and President of International at Vice Media). Source of the image the facebook profile of Delport.

On 26th March 2018 Vivendi had agreed, following exchange with a proxy advisory firm,to terminate Dominique Delport Consulting agreement as well as his membership on the Governance, Nominations and Remuneration Committee of the Vivendi Supervisory Board, while remaining a Board member.

Under the terms of this agreement, since October 1, 2015 Dominique Delport, who will no longer exercize any executive functions within Vivendi, has provided advice in creating and new digital content tools as part of the development of Vivendi Content and Dailymotion. This agreement was approved by the Shareholders’ Meeting on April 21st, 2016.

Delport has been hired by Vice Media as Chief Revenue Officer and President of International last 27th March 2018. Delport was holding the Global Managing Director responsibility at Havas Group since March 2017.

Two major transactions after closing fiscal year 2017

Vivendi Group posted €12,444 million in consolidated revenues in 2017 (a 15% year on year increase. Income fom operations reached the €1,116 million (+30% on 2016 figure. EBITA was €989 Million (+36%)with EBIT at 1,036 Million (+16%) and Net Income €1,312 Million (+73.9% on 2016).

Vivendi has carried aout during Fiscal Year 2017 some investments in CanalOlympia, Vivendi Africa, Live, Vivendi Content, Dailymotion, among others that that will create additional sources of revenue, following the official communication by the French multinational holding.

After closing the fiscal year 2017, Vivendi Group has announced two major transactions: The purchase of the ticketing company Paylogic through its subsidiary See Tickets and the agreements to sell its interest in Ubisoft, representing 30,489,300 shares (27.27% of the share capital), to the Guillemont Family for €2Bn.

Image over the headline.- Sir Lucian Grainge Chairman and CEO Universal Music), Arnaud de Puyfontaine (CEO de Vivendi Group) and Jannick Bolloré (Chairman & CEO de Havas) -in the center- at the Havas Café (Cannes Lions 2017). © Havas Group.

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