Bolloré's son named Havas CEO




Yannick Bolloré, the 33-year-old son of French billionaire Vincent Bolloré, has been named CEO of French advertising group Havas SA,

the

Wall Street Journal

reported.

Yannick Bolloré succeeded his father as chairman of the company in August. The senior Bolloré is Havas’s largest single shareholder; he owns 37% of the company. “Mr. Bolloré in recent years has paved the way for his son to take a bigger role at Havas as he himself increasingly stepped back,” the

Journal

report said.

Yannick Bolloré managed the media operations of Groupe Bolloré between 2009 and 2012 before joining Havas as managing director, the

Journal

article said. However, he is “fairly new to global advertising,” the report noted.

Vincent Bolloré, who is “[w]idely known for his financial success in a string of corporate raids,” became vice chairman of Vivendi, a French media, telecom and entertainment conglomerate, a few months ago,

the

Financial Times

reported.

Observers have speculated that Havas migiht merge with Vivendi, the

FT

article said.

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Yannick Bolloré replaces David Jones, 47, who is leaving Havas to co-found a Silicon Valley tech startup, the

Journal

article said. (Sources:

Wall Street Journal,

Jan. 9, 201;

Financial Times,

Jan. 8, 2014.)

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