Vincent Bolloré continues to organize his succession. On Thursday, he said his son would take over the group with the same name. Vincent Bolloré already started passing the reins of his group last year and left his son behind as director of Vivendi.
The billionaire Breton, who had already left Cyrille Bolloré as director of Vivendi, will not ask for renewal of his seat on the Bolloré board of directors after the end of his mandate in May. The group also announced that its board had appointed Unaniem Cyrille Bolloré, one of his four children, as CEO of Vincent Bolloré.
"The Board of Directors thanked Mr. Vincent Bolloré for the work he has done for the development of Bolloré for 38 years", we can read in a statement published by the group.
A decision made less than a year after the other of his children, Yannick Bolloré, took over the board of Vivendi & # 39; s supervisory board. Vincent Bolloré's retirement is planned for 2022, a crucial year for the Bolloré family, as the patriarch celebrates his 70th birthday while the family group celebrates his 200th birthday.
The Bolloré group, the largest shareholder in Vivendi, also reported an increase in revenue of 7% like-for-like in 2018 to € 23.02 billion. The operating result increased by 25% to 1.3 billion euros.