Canal+ Group Chair and CEO Maxime Saada Joins Vivendi Management Board
Elsa Keslassy International CorrespondentMaxime Saada, the chairman and CEO of Canal+ Group and chair of its film and TV subsidiary Studiocanal, has joined the management board of Vivendi.The arrival of Saada within Vivendi’s management board is part of the company’s recent strategic moves and underscores its ambition to continue growing its international scope and focus on content, media and communications. The management board, which remains chaired by Arnaud de Puyfontaine (who is also CEO), welcomed several other new members alongside Saada.Last month, Vivendi, whose supervisory board is chaired by Yannick Bolloré, launched a takeover bid for Lagardère, the French publishing and travel retail conglomerate, following the distribution of 60% of the share capital of Universal Music Group and its listing on the Amsterdam stock exchange.