PARIS — Pathe chairman Jerome Seydoux has handed over the reins of the French media group to his right-hand man, Eduardo Malone.
Under a modernization of the group’s management structure, Seydoux becomes chairman of a newly constituted supervisory board, keeping overall authority, while former vice chairman Malone heads a two-man management board with vice chair Michel Crepon.
The family-owned group is expecting to post revenues this year of 3.2 billion francs ($415.4 million) — a 40% hike on 1999, the company said.
A spokesman for Pathe said Seydoux, 66, had been planning for some time to hand over operational responsibility to someone else.
Argentinean-born Malone, 51, was a natural choice, having worked closely with Seydoux for 26 years. Crepon was named vice chairman of the Pathe group in 1996.
Seydoux apparently wanted more time to concentrate on Pathe’s production and distribution activities.
Company co-produced “Chicken Run” with DreamWorks. Another dozen or so films are in the pipeline, including the big-budget Claude Berri-produced movie “Asterix and Obelix: Mission Cleopatra,” directed by Alain Chabat, and Eric Rohmer’s digitally made “The Englishwoman and the Duke,” on which shooting recently ended.