Canal+ Ups Maxime Saada To Chairman; Vincent Bolloré Exits Supervisory Post
Canal+ Group General Manager Maxime Saada has been appointed Chairman of the Managing Board, henceforth heading all of the pay-TV giants operations. Saada, who joined Canal in 2004, succeeds Jean-Christophe Thiery who becomes Chairman of the Supervisory Board.
That last move is significant in that Thiery will replace Vivendi Chairman Vincent Bollore in the role. Vivendi is the parent company of Canal and for the past few years, Bolloré has been closely involved in its affairs as the company suffered through competition, subscriber losses and executive shifts. Thiery is a trusted lieutenant who has spent his entire media career within Bollorés empire.
In February, Canal said it was reorganizing itself around three axes: France (pay and free TV), International (TV outside France) and Cinema (Studiocanal and French/European film acquisitions).
Going forward, Saada will oversee the three divisions which are respectively run by Franck Cadoret, Jacques Du Puy and Didier Lupfer.
A source told France Info today that Bolloré “is confident in the team thats in place,” and feels “the path is written.”