PARIS — Jean Drucker, chief executive of France’s M6, said he is proposing a restructuring so that there will be a clear division between strategy and operations.
Nicolas de Tavernost is to become chief executive officer, if shareholders approve. Drucker will remain at M6, but will be working closer with Suez-Lyonnaise des eaux, which holds a 35% share in M6, as an adviser on media and telecommunications. Although CLT/Ufa holds 41% of M6, both it and Lyonnaise have equal voting rights.
In an interview with the newspaper Le Monde, Drucker said that it was time for a change now that M6 has entered the multimedia arena with online subsidiary M6 Web. He also said M6 intends to invest $1 million to launch the ’Net venture this year.
M6 now has interests in free and pay TV, the Internet, as well as the music business, video and the press.
Drucker also noted that CLT/Ufa’s fusion with Pearson will help M6 in the areas of program content, production and the Internet.”