French businessman Vincent Bollore may take over as chairman of
the supervisory board of French media and telecom group Vivendi SA
(VIV.FR), replacing current Chairman Jean-Rene Fourtou in 2014,
French weekly Le Journal du Dimanche reported Sunday, citing
unidentified sources.
The change of Vivendi's chairman won't happen before the end of
this year or early next year and would be officially approved by
shareholders in the 2014 general assembly, the weekly said.
Mr. Bollore, who entered the board in December, is one of the
largest shareholders of Vivendi through his family investment firm
Bollore SA (BOL.FR), which holds a 5% stake.
Vivendi is currently in the middle of a strategic shift to
concentrate on its media assets, which include Universal Music
Group, French TV company Canal Plus and a majority stake videogame
giant Activision Blizzard (ATVI), while exiting from the telecom
business.
A spokesman for Bollore declined to comment, while no officials
at Vivendi were immediately available for comment.
Newspaper Web site: http://www.lejdd.fr
Write to Inti Landauro at inti.landauro@dowjones.com