Don't miss

Replay


LATEST SHOWS

BUSINESS DAILY

Dublin courts post-Brexit business

Read more

FOCUS

Afghanistan's national unity government faces political deadlock

Read more

REPORTERS

World War I: When northern France was on German time

Read more

INSIDE THE AMERICAS

Mixed reactions to historic Colombia peace deal

Read more

ENCORE!

The adventures of Hergé: Tintin's creator in the limelight

Read more

BUSINESS DAILY

Carmakers rev up for Paris Motor Show

Read more

BUSINESS DAILY

Paris Motor Show gets into gear

Read more

IN THE PAPERS

Between darkness and fear: Bombs rain down in Aleppo

Read more

IN THE PAPERS

Shimon Peres: From Hawk to Dove

Read more

Business

CEO Levy to resign after conflict over Vivendi's future

Text by News Wires

Latest update : 2012-06-29

French entertainment giant Vivendi announced Thursday that CEO Jean-Bernard Levy will be stepping down over a difference of opinion about what direction the company should take. Levy joined Vivendi in 2002 and has served as CEO since 2005.

AP - French entertainment group Vivendi says its chief executive is stepping down because of a difference of opinion about the direction of the company.

Jean-Bernard Levy’s departure after a decade with Vivendi comes after a meeting of its supervisory board on Thursday.

Levy joined Vivendi as chief operating officer in 2002 and took the helm in 2005.

The Paris-based company said Jean-François Dubos, its general counsel, will replace Levy as chairman of Vivendi’s management board. Besides Levy and Dubos, the board’s only other member is Chief Financial Officer Philippe Capron.

Vivendi, owns Universal Music Group and telecommunications and video game companies.

Date created : 2012-06-29

  • FRANCE

    Free’s Xavier Niel – France’s answer to Steve Jobs?

    Read more

  • FRANCE

    Free’s aggressive assault on French mobile market

    Read more

  • FRANCE

    Air France ex-CEO urged to return severance bonus

    Read more

COMMENT(S)