PARIS, April 30 Vivendi Chairman
Jean-Rene Fourtou, under pressure from small shareholders at an
annual meeting on Tuesday, said the board would decide about his
eventual replacement at the helm by largest shareholder Vincent
Bollore but nothing was imminent.
"It's the role of the board to decide on the management and
governance of the group. The question of leadership and
succession of the group is a major concern for the board, which
is being worked on," said Fourtou, who has been in power either
as CEO or chairman since 2002.
His mandate is up in 2016. At the annual meeting, several
small shareholders called for his resignation.
"Bollore has not communicated a desire to replace me
immediately, so the board will judge when the time comes.
Bollore becoming chairman is a possibility in the future but not
a question for right now."
Bollore owns 5 percent of Vivendi and has been a board
member since December.
He did not attend the annual meeting because he was said to
be in Italy at the shareholder meeting of insurer Generali
where he is a vice-chairman.
(Reporting by Leila Abboud; Editing by Elena Berton)