French tycoon Bollore candidate for top Vivendi job -report
PARIS, Sept 7
PARIS, Sept 7 (Reuters) - French tycoon Vincent Bollore, Vivendi's main shareholder, is willing to take the helm of the media and telecoms group, French media reported on Saturday.
Vivendi has designated U.S. head-hunter Russell Reynolds to find a successor to Jean-Francois Dubos, 68, the current CEO and head of the management board, radio and TV station BFM said, citing industrial sources.
But the head-hunter's first pick, a younger German media executive, did not suit Bollore, who decided to put forward his own candidacy as a result, BFM and daily Les Echos reported.
A nomination committee is expected to discuss the topic next week, before a meeting of the supervisory board at the end of the month, Les Echos added.
A Vivendi spokesman declined comment on the reports.
A spokesman for Bollore group, of which Vincent Bollore is CEO, was not immediately available for comment.
Bollore, 61, is already a member of Vivendi's supervisory board and the company's main shareholder with a 4.95 percent stake, according to Thomson Reuters data.
Vivendi, in the midst of a broad revamp to pay down debt and focus on media, last month trimmed part of its annual targets amid tough competition from low-cost telecoms player Iliad .
(Reporting by Natalie Huet; Editing by Mark Heinrich)
- U.S. Mega Millions lottery up to $400 million, 2nd-biggest ever
- Pope Francis named Time's Person of the Year |
- Uruguay becomes first country to legalize marijuana trade
- Thousands of South Africans line up to see Mandela lie in state |
- China bitcoin arbitrage ends as traders work around capital controls