PARIS -- Vincent Bollore, the controversial boss of media conglomerate Vivendi, strongly suggested Monday that he would soon step down from the supervisory board of pay-TV service Canal Plus, which Vivendi owns.At a Canal Plus news conference, Bollore was asked to confirm whether he was on his way out of Canal Plus' supervisory board, following rumors to that effect in the French press over the weekend."I will chair Vivendi's board until Feb. 17, 2022. At Canal Plus, I don't need...
Chairman / CEO
The 33-year-old Bolloré this year succeeded his father, Vincent, as chief executive of Vivendi parent company Bolloré Group. He also joined older brother Yannick, Vivendi’s chairman, on the company’s supervisory board, where he took his father’s former seat. The brothers are currently overseeing a planned 50 percent sale of Vivendi’s Universal Music Group, the world’s largest music company. UMG last year reported a 37 percent increase in income related to subscriptions and streaming and in the first six months of 2019 saw a 20 percent revenue increase to nearly €3.3 billion ($3.6 billion). Cyrille became Bolloré’s vice chairman and managing director in 2012, deputy CEO in 2013 and chairman-CEO in 2019. He also serves as VP of Bolloré parent company Financière de l’Odet.