Regions

Bollore denies seeking paying position in Vivendi

September 11
3:35 AM 2013

Vivendi's largest shareholder, French billionaire Vincent Bollore said he is not after a paying position in the telecommunications firm. This leaves the French firm to seek out other candidates to fill the top job in the midst of the reorganization of assets in its media business.

Bollore is closely watching changes being done in the board and management committee of Vivendi. In an emailed statement, his company said Bollore '(he) himself is not seeking a post or pay within the Vivendi group.' Bollore was one of the candidates for the CEO job, according to two individuals with knowledge of the situation.

The task to find the person to lead Vivendi falls squarely on the shoulders of Chairman Jean-Rene Fourtou and the time is of the essence as the chairman needs to find the new CEO before he retires in about a year. The members of the Vivendi corporate governance and nominating committee are six members including Bollore. The committee is set to meet today.

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