Don't miss

Replay


LATEST SHOWS

MEDIAWATCH

#BringBackOurGirls - anger and a sense of déjà vu

Read more

FOCUS

Italy helps integrate asylum seekers through training

Read more

FOCUS

'It's a jungle': Living on the street in the City of Light

Read more

THE DEBATE

Boko Haram Kidnappings: Can Nigerian schoolgirls be protected?

Read more

PEOPLE & PROFIT

Brand Trump: Has the US president damaged his company's reputation?

Read more

ENCORE!

Oscars sneak peek: 'Call Me By Your Name', 'I, Tonya' and 'Darkest Hour'

Read more

FRENCH CONNECTIONS

Are the French rude, or is it a big misunderstanding?

Read more

INSIDE THE AMERICAS

Gun control in the US: A glimmer of compromise?

Read more

THE INTERVIEW

Opposition activist Evan Mawarire: Zimbabweans hope they can 'reset our future'

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)